As is often the case, Jim Rickards has been one step ahead of mainstream analysts through the entire COVID-19 crisis.
He predicted it would be global catastrophe in early February, well before markets caught the fever. So what does Jim see happening next?
The answer is unsettling: A complete monetary system shutdown. Starting in the US. Then spreading outwards. At the end of such a scenario, the entire global financial system shuts down, and any Federal Reserve intervention may no longer be effective.
It’s worth pointing out that this is a scenario Jim has highlighted for several years as the bookend of this historic bull market.
The difference now is, it appears to be in motion. So what, if anything, can you do to shelter your wealth?
- Source, The Daily Reckoning Australia
