Ep. 147 Jim Rickards: The Smartest Man in the Financial World

This week, Jim Rickards, author of Currency Wars, joins Stansberry Radio.

The show starts with Porter giving an overview of the markets today... hear what he has to say about stocks like Tesla, Twitter, and Amazon.

Then, Porter and Jim talk about how the entire Fed policy and central bank's intervention to keep asset prices up is beginning to slip.

Jim explains that we are not in the same business cycle that we are used to and this is not a normal recovery like those we have seen in previous years.

A big issue we have is that the Fed is trying to use money to solve a problem that can only be solved with structural changes and changes in confidence.

But instead they keep printing, which ultimately will collapse the confidence in the dollar itself.

Are we making the same mistakes as Japan? Jim explains the drastic similarities he has seen in the U.S. economy.

Plus, find out what Jim says is the primary fault in the current system of international trade and debt settlement.