“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 ofCurrency Wars: The Making of the Next Global Crisis
and The Death of Money
and The Death of Money
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