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:1700 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.
The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell
Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner. Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner. My Man Godfrey (1936)
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.
The more money you print, the less value it has. Our dollar is one percent or less of its original value going back to 1913. Now your dollars are basically Monopoly money and if you have been paying attention to crypto, I can tell you when the stock market crashes, so will Crypto as the two are inherently linked. I promise you when the next collapse happens, those 2000 dollar stimulus checks will be about what it takes to buy a loaf of bread
"Call Me Ishmael" -Ishmael, A character from the book "Moby Dick" 1851. "Call Me Fishmeal" -Osama Bin Laden, A character created by the CIA, and the world's Hide And Seek Champion 2001-2011. -Tommythemadartist
Stansberry is always pimping something or other that they make money selling.
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
When I worked for Illinois State Highways, in winter on snow and ice, they called me in 3 hours early for 18 hour shift. I had to stop to nap a couple of times toward the end of that one.
You just swing your legs across with the plow controls between your legs and nod off. We had hard hat with thermal liner. You know you been asleep when you wake up and the windshield is covered with snow. ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke