Financial crises rarely arrive in a single, dramatic collapse. They build up over time, erupt in jolts, pause, then pick up again. Each headline might tell you things are stable or even safe, but history shows the dominoes fall one by one, not all at once. Jim Rickards, a veteran in economics and capital markets, puts it plainly: things are about to get a lot worse before they get better.
If you’re watching markets, holding assets, or just want to keep your money safe, understanding the cycles behind these crises can help you make smarter choices. Let’s break down Rickards’ insights on what’s really happening with the dollar, gold, interest rates, and why complacency is a risk all its own.