Best-selling author Jim Rickards talks about a great escape from the U.S. dollar in 2021 and a massive influx of money that will flow into gold and bitcoin.
"People are getting in gold and bitcoin because they want to get out of the dollar," the Currency Wars author tells our Daniela Cambone as part of the Outlook series.
Rickards also talks his new book, The Great New Depression, and how the first quarter of 2021 will be marked with a recession.
Jim Rickards, investment banker and economist with over thirty years' experience in capital markets, speaks of the coming new great depression, explaining why it's different from a recession and any other crisis we've experienced in our lifetimes.
Jim Rickards speaking at the Virtual Gold Conference in November 2020 shares what happened in the last great depression and how even in the darkest of times money can still be made.
In his new book The New Great Depression, James pulls back the curtain to reveal the true risks to our financial system and what savvy investors can do to survive or even prosper during a time of unrivalled turbulence.
Drawing on historical case studies, monetary theory, and behind-the-scenes access to the halls of power, Rickards shines a clarifying light on the events taking place, so investors understand what's really happening and what they can do about it.
In this interviews Jim discusses what is the difference between a recession and a depression.
The recession is over but the depression has only just begun.
There is growth but it is below trend and the debt is growing exponentially what does that mean and what comes next?
