EP. 92 The Gold Chronicles: March 2020 podcast with Jim Rickards and Alex Stanczyk

Jim Rickards and Alex Stanczyk, The Gold Chronicles March 2020

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Topics Include:

*Opening salvos of Global Financial Crisis II (GFCII)

*The entire precious metals complex (gold and silver) has been cleaned out globally

*The best time to act has past, now is the second best time to act

*The global run on precious metals is probably less than 5% of the population, when the majority catches on to damage done to USD the demand could be historic

*Price dis-connect between paper and physical gold price

*How price discovery in the gold market is resolved *What happens when the Swiss refineries open again

*The effect of key relationships with Swiss refineries on access to gold and silver

*Mining output dropping due to mines getting shut down reduces available supply of gold

*US Unemployment Claims hitting record levels, 3.28M claims in one week

*Fed injecting capital into system trying to prevent liquidity freezes (Ice-9)

*Why we are entering the next Great Depression

*In comparison, during “The Great Depression” Dow Jones dropped 89%

*The Great Depression played out over 3 years, we are a third of the way there in 3 weeks

*Consequences of Supply Chain Shutdowns

*Why the US could lose up to 50% of its economic output by the end of the downturn

*The social and political consequences of QEternity *What happens when complex systems collide

*Regarding mass migrations and unrest, watch South Africa and Mexico

*Full Spectrum Warfare – Financial, Biological, Cyber, Social Engineering, Kinetic

*What are the chances we will see kinetic warfare

*Why China could be eyeballing Taiwan during the crisis

*How the Covid-19 numbers out of China are questionable

*CARES Bill – Whats in it

*Whats happens to gold if we see massive deflation (Great Depression II)

*The two ways gold is revalued in a massive deflation

*It took 25 years for US markets to recover from the Great Depression

*Jim: “Be wary of suckers rallies”

*Practical things people can do during this crisis

*Spoiler – Jim’s new call on the US Presidential election and how the crisis has changed the probabilities

 

 

Books by Jim Rickards:

Currency Wars

The Death of Money

Road to Ruin

The New Case For Gold

Aftermath

 

You can follow Alex Stanczyk on Twitter @alexstanczyk

You can follow Jim Rickards on Twitter @JamesGRickards

You can listen to the Gold Chronicles on iTunes at:
https://itunes.apple.com/us/podcast/the-gold-chronicles/id980027782?mt=2

You can Listen to the Global Perspectives on iTunes at:
https://itunes.apple.com/ca/podcast/physical-gold-fund-podcasts/id1056831476?mt=2

You can access transcripts of our interviews at:
https://www.physicalgoldfund.com/category/transcripts/

You can subscribe to our Youtube channel to access these interviews and more at:
https://www.youtube.com/channel/UCXRWzw0vaNgCwo7nTMEAwkA

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