Jim Rickards: YOU HAVE NO IDEA - A Cruel Plan By The Government And The Fed To Trap You James G. Rickards is an American lawyer, speaker, media commentator, and author on matters of finance and precious metals. In this interview, Rickards said: "Depression is depressing growth, it doesn't mean that the economy has to decline continually. It means that the economy is growing at a depressing rate. the Treasury needs to spend money, 'cause that's how the economy grows and the Fed can monetize the debt so you spend the money you don't have, you borrowed to cover it, you issue bonds to cover the borrowing and if the market wants to buy the bonds, fine, but if not..."
00:34 - Paper money or Fiat money becoming essentially worthless
01:57 - In March we had a historic stock market crash
03:18 - It's important to distinguish between a recession and a depression
04:13 - The recessions over but the depression has just begun
05:35 - It is at least 5 trillion dollars of wealth on the table
07:09 - When the Treasury gives you the money, you take the money and you spend it
07:29 - The Treasury and the Fed are separate institutions
07:56 - The Treasury needs to spend money, 'cause that's how the economy grows
08:19 - Who cares about the debt, the GDP ratio?
09:17 - The government can borrow, the government can spend
💖 Inspired by: 💖
Jim Rickards "Why Gold Will Hit $5,000 Soon"
The Coming Financial Crisis and the Return to Gold - Robert Kiyosaki, Kim Kiyosaki, and Jim Rickards
Jim Rickards Says Brace Yourself for the New Great Depression; Strong Hands Watching Gold
Jim Rickards: economic freeze is here, get gold, silver if you can and get ready
$15,000 gold price? Jim Rickards and Peter Schiff give forecasts
Jim Rickards: His Gold Price Prediction Explained
👉Check out also:
- Jim Rickards: STOCK MARKET And GOLD Are Freeze - Entire Global Financial System Is Shut Down
- Jim Rickards: $5 TRILLION TIMES ZERO IS ZERO! - This Is A Financial Panic And Economic Crisis
- Jim Rickards: THERE ARE SO MUCH PAIN - The Economy Is In Very Bad Shape
- Jim Rogers: THIS IS NOT NORMAL! – Be Boring On The Stock Market And Avoid Stock Market Crash
- Robert Kiyosaki: “DON’T DISCLOSE IN PUBLIC!” - Economic Crisis vs. Financial Education
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*Credits*
👉Special thanks to Jim Rickards
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