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In Jim Rickards' latest interview, he discusses the Federal Reserve's recent 50 basis point rate cut, interpreting it as a sign of panic and suggesting the economy is rapidly slowing towards a recession. Rickards points to various indicators of an impending economic downturn, including a divergence between gross domestic product and gross domestic income, weakening job reports, and an inverted yield curve. He also notes that gold hit an all-time high following the Fed's rate cut, viewing this as bullish for gold but bearish for the economy. ----- James G. Rickards is an American lawyer, investment banker, media commentator, and author on matters of finance and precious metals. He is the author of Currency Wars: The Making of the Next Global Crisis and six other books. ----- We own commercial licenses for all the content used in this video except parts about the topic that have been used under fair use and it was fully edited by us. Anything displayed on this channel should not be seen as financial advice. Each person has a unique experience, and there is no guarantee of future profitability or success. ---- 🎥 The information provided on this channel should not be construed or relied on as professional advice for any specific fact or circumstance. This channel and its content are designed for entertainment and information purposes only. The content available is created to provide a general overview of a topic and is not a substitute for professional services. Always seek the advice of a finance or a legal professional that would take into account your specific circumstances.