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Title: Jim Rickards: Brace for a Great Escape from the Dollar and a Flood of Money into Gold and Bitcoin
Source: [None]
URL Source: https://www.youtube.com/watch?v=QrFEVjZ0m0U&feature=emb_rel_end
Published: Dec 21, 2020
Author: Stansberry Research
Post Date: 2020-12-29 17:43:08 by BTP Holdings
Keywords: None
Views: 145
Comments: 11

Best-selling author Jim Rickards talks about a great escape from the U.S. dollar in 2021 and a massive influx of money that will flow into gold and bitcoin. "People are getting in gold and bitcoin because they want to get out of the dollar," the Currency Wars author tells our Daniela Cambone as part of the Outlook series. Rickards also talks his new book, The Great New Depression, and how the first quarter of 2021 will be marked with a recession.

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#1. To: BTP Holdings (#0)

Horseshit

Cynicom  posted on  2020-12-29   17:56:52 ET  Reply   Untrace   Trace   Private Reply  


#2. To: Cynicom (#1)

I concur.

Esso  posted on  2020-12-29   18:29:16 ET  Reply   Untrace   Trace   Private Reply  


#3. To: Esso, Cynicom (#2)

I concur.

Seemed on-point to me. Once this covid thing finally ends and monetary velocity picks up, that's when I expect we will see inflation start to kick in. Not before.

Some 40% of all US dollar M1 money supply in existence was created THIS year alone. There has to be a reckoning. If it doesn't happen in 2021, it would only be because the lockdown and shipwrecked continues through 2021.

I don't know if I heard this theory from Rickards before, but it's a view I share, at least. The dollar is in trouble.

Pinguinite  posted on  2020-12-29   23:46:02 ET  Reply   Untrace   Trace   Private Reply  


#6. To: Pinguinite, Esso (#3)

it's a view I share, at least. The dollar is in trouble.

The DOLLAR is a dead man walking.

Erase the debt, the dollar is KING.

Gold? Gold is sold for the worthless, soon dead paper money named above.

Gold, silver and the paper money that buys it, are all a giant Ponzi scheme.

On that final day of reckoning, the farmer with a bag of potatoes FOR BARTER is king.

Cynicom  posted on  2020-12-30   1:22:28 ET  Reply   Untrace   Trace   Private Reply  


#11. To: Cynicom (#6)

Gold? Gold is sold for the worthless, soon dead paper money named above.

Gold is sold for other things. It could be paper money if someone needs paper money to immediately exchange for, say, a sack of potatoes.

For the last 5000 years, gold and silver has worked as a store of wealth.

Gold, silver and the paper money that buys it, are all a giant Ponzi scheme.

You can put gold and silver away and use it at any time in the future. Do that with a sack of potatoes and it'll rot.

But you know all that. Maybe you're just not happy in this holiday break for whatever reason. That's okay.

Pinguinite  posted on  2020-12-30   10:42:05 ET  Reply   Untrace   Trace   Private Reply  


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