�Again, let�s give the Russians credit � chess is their national sport � and I think Putin has thought this through. One of my concerns is that the White House has not thought it through. There�s a lot of bold talk coming from Capitol Hill and certainly a desire to impose costs on the Russians�Since when do you take territory for free? You know, there�s always costs. It costs money to build an aircraft carrier, it costs money to build a jet plane, and it costs money to wage financial warfare. Of course there are costs � that�s not going to deter someone. Putin is not a wealth maximizer, he�s a power maximizer.�
Jim Rickards is a counselor, investment banker and risk manager with over thirty years� experience in capital markets. He is currently Senior Managing Director at Tangent Capital Partners LLC, a merchant bank based in New York City, and is Senior Managing Director for Market Intelligence at Omnis, Inc., a technical, professional and scientific consulting firm located in McLean, VA. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of Currency Wars: The Making of the Next Global Crisis
and The Death of Money- Source, Gold Silver
