The Gold Chronicles Final Episode - Jim Rickards & Alex Stanczyk
Topics Discussed Include:
*The one thing that makes Jim Rickards nervous regarding systemic financial stability*What happened with Archegos*Virus, Lockdowns, Economic Impacts*The New Great Depression - How to measure it*The Spanish Flu was the worst pandemic in history*What happens when you have both a pandemic and depression at the same time*Why depressions over time cause a massive loss of wealth*US Debt to GDP has hit 130%*What is required to get inflation*76% of stimulus checks are either being saved or used to reduce debt*We now have $10T of Government spending in an economy that produces $23T of GDP*What happens if Government spending exceeds the productive capacity of the United States*Who actually benefits from Government spending*Shortages, Gun Control, Ammunition*The True Purpose of the Second Amendment
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