“Again, let’s give the Russians credit – chess is their national sport – and I think Putin has thought this through. One of my concerns is that the White House has not thought it through. There’s a lot of bold talk coming from Capitol Hill and certainly a desire to impose costs on the Russians…Since when do you take territory for free? You know, there’s always costs. It costs money to build an aircraft carrier, it costs money to build a jet plane, and it costs money to wage financial warfare. Of course there are costs – that’s not going to deter someone. Putin is not a wealth maximizer, he’s a power maximizer.”
Jim Rickards is a counselor, investment banker and risk manager with over thirty years’ experience in capital markets. He is currently Senior Managing Director at Tangent Capital Partners LLC, a merchant bank based in New York City, and is Senior Managing Director for Market Intelligence at Omnis, Inc., a technical, professional and scientific consulting firm located in McLean, VA. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of Currency Wars: The Making of the Next Global Crisis
and The Death of Money
- Source, Gold Silver
