Jim Rickards

speaker
2,787 appearances 21 recordings 1 series first heard Aug 2025 last heard 6d ago

Jim Rickards’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
6 · Aug OctJan 26AprJulnow

Recordings per month over the last 12 months — 20 in all, peaking in Aug 2026 with 6.

Appearances

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Everybody wants help from our country.
I mean, I look, it's very interesting to see their LNG, 22, versus ours, 2.8 dollars.
You can't have a sustainable
growth in the country with energy is as expensive as it is.
I also obviously think that it's in our interest to have a stronger yen.
They own a lot of our bonds.
Yeah, that's a good summary, Steve.
It was interesting that in the clip you played before this, somebody said this is the first major government intervention in the yen market since 1998.
What happened in 1998?
Well, that was the Russia long-term capital management crisis.
September 1998, and I think my audience says I negotiated that bailout, so I have a little experience in this arena.
You gave a good summary.
Let me get right to the heart of it, the particular issue that's at stake, and this affects the global financial system.
It's something called the yen carry trade.
Now, what is the yen carry trade?
Well, it works like this.
Let's say I'm a US investor.
By the way, it could be anyone in the world, euros, US dollars, probably use US dollars.
As an example, I'm a US investor, I'm either a hedge fund guy or I'm a banker, I want to do an acquisition or whatever.
US interest rates are around 5%, a little higher for private borrowers, but let's just say 5%.
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