Jason Hartman talks with Jim Richards, author of The New Great Depression. Jim shares his discoveries about the lockdown, the stock market’s influence, and asset bubbles vs. asset inflation.
Jim Rickard’s Book: The New Great Depression
[3:20] You cannot understand The New Great Depression without looking into the pandemic.
[4:00] “What I discovered was that the scientists don’t agree with each other.”
[10:25] Have the lockdowns killed more people than they have saved?
[16:00] The stock market no longer bears any relation to the real economy.
[20:00] Did the lockdown cause a pent up demand?
[24:00] Asset bubbles or asset inflation?
[25:35] What causes inflation?
[28:45] Your Keynesian multiplier works up to a debt to GDP ratio of about 90%.
[33:20] Why buy gold and silver if you’re not afraid of inflation?
[36:25] Bitcoin, will it ever have a chance of being a global currency or taking over the dollar?
[44:00] Millions of people are migrating out of major cities; where are they going?