Do you blame a particular snowflake for an avalanche? Which drop of water should we accuse of breaching the dam? Do you go looking for the hailstone that broke your windscreen?
Asking which particular issue caused the catastrophic supply chain breakdown of 2021 and 2022 is the same folly. And yes, it was catastrophic for millions of people around the world who were left without enough food or energy.
The real point, though, is that COVID, Putin’s invasion, and central bank money printing were just the spark which ignited the crisis.
At least, that’s what Jim Rickards argues in part two of our interview about his new book Sold Out.
He explains that it’s the snowpack that causes the avalanche…and why it’s about to rumble again…
But first, if you missed part one, where I attempt to explain high prices to my wife, click here.
Complimentary digital copy of Jim Rickards’ new book for every new subscriber…
For a limited time, when you take a subscription to Strategic Intelligence Australia, you can get a digital copy of SOLD OUT with Jim’s compliments. For more details, go HERE.
Until next time,
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Nickolai Hubble,
Editor, The Daily Reckoning Australia
