James Rickards, senior managing director at Tangent Capital Partners, and author of “The Death of Money: The Coming Collapse of The International Monetary System,” says investors shouldn’t be surprised if the international monetary system collapses in the near future. He says it’s been more than 40 years since the last “collapse” in 1971 and that seems to be the shelf-life of the global monetary operating system. Rickards says geopolitics and global capital markets are converging and the intersection threatens the U.S. dollar. Rickards, who previously authored bestseller “Currency Wars,” also tells of his time as lead counsel at Long-Term Capital Management, the hedge-fund that almost collapsed the global financial system in 1998. Rickards speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.
Running time 25:29