In this compilation, economist Jim Rickards discusses his concept of the “New Great Depression,” distinguishing it from a recession by defining it as sustained below-potential economic growth. He explores the inflation-deflation debate, emphasizing declining money velocity as a deflationary force despite expanding money supply. Rickards predicts gold could reach $14,000-$15,000 per ounce if tied to a gold standard, while critiquing the Federal Reserve’s forecasting models. He advises investors to diversify across stocks, gold, real estate, cash, and Treasury notes, and references Warren Buffett’s moves into gold mining as validation of his bullish outlook on precious metals.

00:11 The New Great Depression
01:04 Defining a Depression
03:12 Inflation vs. Deflation
05:22 What is Money Velocity?
06:19 Why People Aren’t Spending
06:55 Revisiting the Definition of a Depression
09:43 The Case for a $15,000 Gold Price
10:52 History of the Fed
13:25 Financial Panics and the Gold Standard
14:28 The 1929 Stock Market Crash
17:24 The Fed’s Forecasting Models
20:11 The Problem with Elites
21:52 Investment Strategy for Deflation
23:46 Calculating the Price of Gold
25:41 What a High Gold Price Means
26:38 Why Warren Buffett Bought Barrick Gold

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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker’s personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.