Socio-Economics History Blog

Socio-Economics History Blog

The Gold Chronicles: Jim Rickards & Alex Stanczyk — Covid19 — Next Great Depression

by mosesman

  • Physical Gold Fund
    *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.

end