Goko Group, Released on 5/31/21
Listen to Jim Rickard’s predictions about the economy and markets plus the biggest economic disruptor in over 70 years that will make central banks a laughing stock – and how to capitalize on this unique window of opportunity.
In this recording, James Rickards had to address the elephant in the room: “Where is the stock market crash you predicted?”
His answer will shock you.
Plus, you’ll discover what he had to say about Cryptocurrencies… his comments will have you shaking in your boots…
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
Jim Rickards – The shocking truth about the future of the economy added by Herman James on
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Jim Richards mistakenly says that their is no inflation. He assessment is erroneous. He ignores the hyper inflated values of Stocks, Real Estate and Bonds. He also mistakenly reports that the savings rate increased and fails to identify the percentage of the population that has savings. For example, it has been reported that 10% of the American population owns 90% of the Stock Market. The Consumer Price Index has been manipulated based on how it was calculated in 1980. Food, Energy, Health Care Education, Housing is not reported in arriving at the CPI. The US government did that to reduce the Social Security benefits that are required to be adjusted for inflation.
Google my name WILLIAM V MARINO CPA SEC and read the email I sent to the SEC in August 1998. I won a lawsuit against Merrill Lynch in 1988 and uncover a major crime that was covered up by the SEC in their effort to protect public confidence in the Marketplace. The Stock Market is Rigged and in my August 1998 letter to Chairman Levitt of the SEC I warned that the Stock Market would soon crash. I warned in 2007 that the Stock Market would crash again and this time it will be world wide and result in a world wide depression that will last for many years.
William, Great calls in 1998 and 2007. But when will the world wide crash and depression happen?
It is impossible to forecast the date of a world wide market crash since the world’s central banks have delayed the inevitable with quantitative easing / money printing. Inflation rate is significantly higher than what is reported and which has resulted in unsustainable National,Corporate and Personal debt levels. Many corporations would have declared bankruptcy if the Federal Reserve didn’t purchase Corporate Debt. The US is not a free market capitalistic economy with the US dollar as the world’s reserve currency that has resulted in the purchase of foreign goods and the decline in domestic manufacturing. What we are witnessing in the rise and fall of the US as has happened to other countries in the past.
The US has gone the way of the Romans.