December 6, 2022 – Financial Sense Newshour interviews Jim Rickards to discuss his just released book, Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy, where he argues that the global supply chain built up and in existence over the past few decades cannot be fixed but ultimately replaced with a new one. Why? There are many reasons he cites in today's interview but perhaps one of the biggest is a 'once in a century decoupling' of the world's two largest economies and trading partners, which will have ripple effects for years to come. This is leading to what he argues is the building of Supply Chain 2.0, and it is being pursued by both countries at the same time, not just the US nor China alone. Listen in as Jim explains the long-term outlook for the global economy, the global supply chain, energy, and how today's events fit within this broader trend, including some of the implications he believes to come from this.
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