Jim Rickards and Peter Schiff Sunday 9-25-2022
"The Worst Crash in Human History Has Begun" - Jim Rickards
Grow Dollars: 9-25-2022
Jim Rickards shares his thoughts about what's going on in the world. Supply chains, China, war in Ukraine, and Biden.
Rickards thinks the biggest tragedy at the moment is the Russia-Ukraine war. Jim talks about inflation and that most people understand inflation within their own economy. We are currently in a recession that is supported by economic data and Jim Rickards believes that the stock market is still overpriced and we have not yet seen the big stock market collapse that he expects.
He mentions Charlie Munger, Jeremy Grantham and Michael Burry are also seeing that the stock market bubble will pop. Jim Rickards shares some history of inflation in the 1970s and 1980s.
He questions if the current inflation situation is just the beginning and if we will get even worse inflation in the coming years.
Fed’s Inflation Resolve Lifts Dollar and Sinks Stocks - Ep 843
Peter Schiff: 9-25-2022
· Huge job losses will lead to imploding earnings and exploding debt service costs.
· Gold proving to be an excellent store of value in many currencies.
· Fed will pivot to postpone financial crisis