Daily Reckoning Australia, Released on 8/27/20
In this edition of the Insider, group publisher James Woodburn talks to financial expert and economist Jim Rickards about his thoughts on COVID-19 and the long-term impact on the global economy. They go into the details of how COVID-19 spread, the government response of lockdown as well as what the central bank monetary policy and growing money supply means for the future of the global economy. Jim also provides his thoughts on US-China relations and what’s in store. In his words “The Recession May Be Over, But the Depression has Years to Run…”
Jim Rickards is a lawyer, investment banker and economist with over thirty years’ experience in capital markets. He is currently Chief Global Strategist at Meraglim. 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 The New York Times bestselling novels Currency Wars: The Making of the Next Global Crisis and The Death of Money. His latest book is The New Great Depression: Winners and Losers in a Post-Pandemic World.