Widgetized Section

Go to Admin » Appearance » Widgets » and move Gabfire Widget: Social into that MastheadOverlay zone

Jim Rickards – Next Great Depression

Physical Gold Fund, Released on 3/27/20

*Opening salvos of Global Financial Crisis II (GFCII)
*The entire precious metals complex (gold and silver) has been cleaned out globally
*The best time to act has past, now is the second best time to act
*The global run on precious metals is probably less than 5% of the population, when the majority catches on to damage done to USD the demand could be historic
*Price dis-connect between paper and physical gold price
*How price discovery in the gold market is resolved
*What happens when the Swiss refineries open again
*The effect of key relationships with Swiss refineries on access to gold and silver
*Mining output dropping due to mines getting shut down reduces available supply of gold
*US Unemployment Claims hitting record levels, 3.28M claims in one week
*Fed injecting capital into system trying to prevent liquidity freezes (Ice-9)
*Why we are entering the next Great Depression
*In comparison, during “The Great Depression” Dow Jones dropped 89%
*The Great Depression played out over 3 years, we are a third of the way there in 3 weeks
*Consequences of Supply Chain Shutdowns
*Why the US could lose up to 50% of its economic output by the end of the downturn
*The social and political consequences of QEternity
*What happens when complex systems collide
*Regarding mass migrations and unrest, watch South Africa and Mexico
*Full Spectrum Warfare – Financial, Biological, Cyber, Social Engineering, Kinetic
*What are the chances we will see kinetic warfare
*Why China could be eyeballing Taiwan during the crisis
*How the Covid-19 numbers out of China are questionable
*CARES Bill – Whats in it
*Whats happens to gold if we see massive deflation (Great Depression II)
*The two ways gold is revalued in a massive deflation
*It took 25 years for US markets to recover from the Great Depression
*Jim: “Be wary of suckers rallies”
*Practical things people can do during this crisis
*Spoiler – Jim’s new call on the US Presidential election and how the crisis has changed the probabilities

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, as well as Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.