Is the U.S. Economy Headed for a New Great Depression? Jim Rickards Explains

Description

In this compilation, economist Jim Rickards discusses his concept of the "New Great Depression," distinguishing it from a recession by defining it as sustained below-potential economic growth. He explores the inflation-deflation debate, emphasizing declining money velocity as a deflationary force despite expanding money supply. Rickards predicts gold could reach $14,000-$15,000 per ounce if tied to a gold standard, while critiquing the Federal Reserve's forecasting models. He advises investors to diversify across stocks, gold, real estate, cash, and Treasury notes, and references Warren Buffett's moves into gold mining as validation of his bullish outlook on precious metals. 00:11 The New Great Depression 01:04 Defining a Depression 03:12 Inflation vs. Deflation 05:22 What is Money Velocity? 06:19 Why People Aren't Spending 06:55 Revisiting the Definition of a Depression 09:43 The Case for a $15,000 Gold Price 10:52 History of the Fed 13:25 Financial Panics and the Gold Standard 14:28 The 1929 Stock Market Crash 17:24 The Fed's Forecasting Models 20:11 The Problem with Elites 21:52 Investment Strategy for Deflation 23:46 Calculating the Price of Gold 25:41 What a High Gold Price Means 26:38 Why Warren Buffett Bought Barrick Gold ----- Get your free Rich Dad's Guide to Silver and discover one of the best ways to start investing in silver now: Visit RichDadLovesGold.com or take out your phone and text the word GUIDE to 24999. U.S. Residents Only. ----- Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity. The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.