Economist Jim Rickards: The Global Clearance and Settlement System Might Collapse After Seizure of Russian Assets

Economist Jim Rickards: The Global Clearance and Settlement System Might Collapse After Seizure of Russian Assets

Jim Rickards, an economist and author of the best-selling book ‘Currency Wars,’ has issued an alert about the possible collapse of the global clearance system. In a recent interview, Rickards noted that Euroclear, a settlement service, holds $200 billion in Russian assets. He further explained that Euroclear could face lawsuits if Western countries seize these […]