The Gold Chronicles

The Gold Chronicles


EP. 92 The Gold Chronicles: March 2020 podcast with Jim Rickards and Alex Stanczyk

March 27, 2020

Topics Include:
*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