Jim Rickards Warns: The New Great Depression is Coming (What He Recommends You Do)

Jim Rickards explains his prediction that another great depression is coming soon to the United States and what he recommends today to prepare.
0:00 Introducing Jim Rickards
2:43 The pandemic and The New Great Depression
3:42 Scientists don’t agree with each other
9:52 Lockdowns have mental health consequences
16:35 The stock market no longer bears any relation to the real economy.
20:22 There will not be pent up demand
24:34 Asset bubbles or asset inflation?
26:14 Money printing doesn't cause inflation
29:35 Keynesian multiplier works up to a debt to GDP ratio of about 90%.
30:34 The liquidity trap from people saving the stimulus
34:00 Why Jim is bullish on gold and silver
37:37 Why Jim is not interested in Bitcoin
45:56 Millions of people are migrating out of major cities
47:21 Jim Rickards' website: http://www.jamesrickardsproject.com/

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