"The new supply chain, what I call supply chain 2.0, will look very different than the old supply chain," asserts NYT bestselling author Jim Rickards. "The U.S. and China will be running two different clubs," in this new supply chain environment and decoupling from each other, he tells Daniela Cambone in this edition of Powershift: Outlook 2023. "We are at peak inflation, inflation is going away very quickly, and the Fed's moves are working," Rickards continues. "The markets are not ready for the sharp decline in inflation to come, and that inflation is coming from the supply side," he says. "A global liquidity crisis and a recession are very different, and sometimes they come together like 2008... we may be looking at a scenario like that," Rickards states. He is very critical of the crypto space predicting, "there's nothing there with crypto, and it's all imploding." "Eventually they will all go to zero, in stages," Rickards concludes. Video by Stansberry Research's Daniela Cambone.
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