The New Great Depression with Jim Rickards - The Economic Consequences of the Pandemic
Jim Rickards speaks to chief editor of The Daily Reckoning Australia, Shae Russell about his new best selling book - The New Great Depression. He provides an overview of what the book is about and goes on to discuss the extensive research behind the book. Jim also talks about the specific points he covers within his new book. Such as the origins of the virus, the policies taken by governments to tackle the pandemic such as lockdowns and the intergenerational impact these measures will have on the Global Economy. In this video, Jim also talks about the current growth in the S&P 500 and what he calls 'Bubble Dynamics' that exist within markets, the current COVID caseload in the US and the signs which indicate we have entered a new great depression.
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