Trey welcomed back economist and author, James Rickards. Jim has a new book out titled Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy. Supply Chains have been a huge topic this year and Trey always values Jim’s insights into macroeconomics, geopolitics, and currencies. Jim spent over 35 years on wall street and has also advised the US intelligence community, The Department of Defense, and countless hedge funds. As a longtime listener of TIP before becoming a host, Jim was always one of my favorite guests. I was excited to bring him back and get his thoughts on today’s markets. So without further delay, I hope you enjoy this conversation with Jim Rickards.   IN THIS EPISODE, YOU’LL LEARN: 00:00:00 - Intro 00:00:23 - How supply chains have evolved and how we’ve ended up where we are.  00:08:12 - How Inflation has been winning the tug of war with Deflation, but not for long. 00:18:36 - The importance of the velocity of money. 00:23:49 - Supply Chains and the need for sound money. 00:38:07 - How China’s power has peaked. ✔️ Subscribe to the We Study Billionaires channel: https://www.youtube.com/c/WeStudyBillionaires  🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/episodes/permanent-supply-chain-disruptions-that-will-sink-the-economy-w-jim-rickards/ 📖  BOOKS MENTIONED: - Sold Out by Jim Rickards: https://amzn.to/3vUVdpa Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES - Connect w/ Jim: https://twitter.com/JamesGRickards - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a special $140 discount: https://bit.ly/3WG6WU3 ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market. 🌍 Website: https://www.theinvestorspodcast.com/we-study-billionaires/  ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN OR WATCH 🎧 OTHER SHOWS FROM OUR NETWORK: 🏆 Learn from high-profile guests on how to succeed in markets and life on Richer, Wiser, Happier: https://bit.ly/3p3pcHZ  💸 Get introduced to the world of investing and business on Millennial Investing: https://bit.ly/3QakOTf 🏘 Learn the ins and outs of real estate investing on Real Estate 101: https://bit.ly/3JDBXm1  ₿ Get updated on all things Bitcoin on Bitcoin Fundamentals: https://bit.ly/3JEE1di  💰 Learn everything you need to know about investing on The Investor’s Podcast Network: https://www.youtube.com/c/TheInvestorsPodcastNetwork  ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ OUR FREE INVESTING COURSES/RESOURCES: 📧Stay up-to-date on financial markets and investing strategies with our daily newsletter, We Study Markets: https://www.theinvestorspodcast.com/newsletters/  📱Check out our hosts’ favorite apps and services for investing, personal finance, and education: https://www.theinvestorspodcast.com/affiliates/  ✏️We Study Billionaires Starter Pack: https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/  🎬 Warren Buffet Investing Course: https://www.theinvestorspodcast.com/warren-buffett-investment-strategy/ 🗂 Asset Allocation Course: https://www.theinvestorspodcast.com/asset-allocation-video-course/ 📂 Intrinsic Value Index:  https://www.theinvestorspodcast.com/intrinsic-value/ 🔥 If that is not enough:  https://www.theinvestorspodcast.com/tip-academy/ MY FAVORITE STOCK INVESTING TOOLS: 💲 (Paid) TIP Finance Tool: https://www.theinvestorspodcast.com/tip-finance/ 🎁 (Free) Fizviz: https://finviz.com/screener.ashx ☑️Complete list of tools I find most valuable: https://www.theinvestorspodcast.com/stock-investing-tools/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ WHO I AM: I’m Trey Lockerbie and host of We Study Billionaires🎙. I used to study options trading but pivoted to value investing 💵 after a life-altering dinner with Warren Buffet. Back in the day I was traveling around the world as a musician, but I’ve now settled in Los Angeles with my wife and two children. Together with my wife I started Better Booch 🥃 - a nationally distributed Kombucha company. ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ GET IN TOUCH WITH ME 💬: I’d love to hear from you! Send me a tweet 🐦 directly at https://twitter.com/TreyLockerbie if you’d like to have a quick exchange of thoughts! ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.