The Agora Financial Cup is still in safekeeping in my house.
Its up for grabs again when I visit!
That was Jim Rickards sneaky little PS note in one of our
personal emails on Tuesday.
Jim and I had just wrapped up an hour-long Skype interview. The
interview was all business, of course
but then Jim had to remind me that he outplayed me at pool, two
This Agora Financial Cup all started over margaritas and local
Nicaraguan beers a few years ago.
We were at a conference in Rancho Santana, Nicaragua. The
business part of the day was done. The 20 or so of us who work with
Jim were keen to wind down. The pool table was free.
I relayed a story to Jim about how my old man used to hustle at
pool while at art school. I think Jim mistakenly took me to be a
pool shark. The balls were set upand somehow I won with a lucky
side pocket eight-ball shot.
At the end of that match, and gracious in defeat, Jim created
the Agora Financial Cup challenge.
So far, weve played pool on three different continents.
And every single time we have been in the same city, we make
sure we have a rematch.
People often ask me what sort of guy Jim is. My answer is always
When youre hanging out with Jim over the clacking of balls and a
whiskey of your choice, its easy to forget he is one of the most
eminent contrarian economists of our time
Forcing China to talk
As I said, the day Jim sent that email through secretly taunting
me about losing the pool game! wed just finished an hour-long Skype
On Tuesday this week, Jim and I arranged an exclusive interview
for subscribers of Strategic Intelligence Australia.
And in this interview, we left no stone unturned. We talked
trade wars, currency wars, financial warfare, secret happenings in
the gold marketand how the Reserve Bank of Australia is the
most confused central bank in the world.
One of the key topics we focused on was the Chinese trade war.
As Jim pointed out, while it will have some effect on the US, any
fallout will have a much bigger impact on Australia.
And the trade war isnt abo...