On today’s episode of Double Down, hosts Max Keiser and Stacy Herbert are joined by Jim Rickards, author of The Road to Ruin, to discuss the axis of gold and…rum barrel debt polka.
As Cuba has offered to pay its $270 million debts to the Czech Republic in rum. Jim Rickards, author of The Road to Ruin and Currency Wars, suggests this is a sign of things to come as nations seek hard currency, like gold.
Rickards points out that what he calls ‘the Axis of Gold’ – Russia, China and Iran – are able to navigate a U.S. dollar dominated financial system by trading with with world’s oldest money – gold. They also discuss Trump’s economic team and how they might alter long-standing China and dollar policy.
This post was published at Sputnik News