James Rickards on our economy

[Gary K]

James Rickards is a lawyer, an economist, and an investment banker who has authored books on multiple subjects. Here is what he says on the state of our economy.

Five-time, best-selling financial author James G. Rickards says, “We could be in a recession right now,” but the title of his most recent book “The New Great Depression” says where we are definitely going soon. Rickards says, “The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos.”

He says the above in the following interview.

World Moving to Gold – James G. Rickards | Greg Hunter’s USAWatchdog

By Greg Hunter’s USAWatchdog.com (Saturday Night Post) Five-time, best-selling financial author James G. Rickards says, “We could be in a recession right now,” but the title of his most recent book “The New Great Depression” says where we are definitely going soon. Rickards says, “The current...

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