In this podcast, Jim explains why:
* Inflation is ramping up worldwide, though many governments are trying to downplay the risk. In fact, the Fed is 'throwing gasoline on the fire' with its prodigious money printing. * Higher interest rates are inevitable, which will lead to a lower standard of living for everyone - except those who have recognized the risks and invested accordingly. * Dangerous supply drawdowns are occurring across the commodity landscape (including oil). This will increase the upward pressure on prices. * Given a future of higher rates, as well as massive debt issuance, Jim thinks it's now time to short U.S. Treasuries * The world economy is more interconnected than ever. All the players need each other, raising the systemic risk posed if countries start defaulting (which Jim notes is a more common occurance than most people realize).