4.4 • 1.9K Ratings
🗓️ 4 November 2019
⏱️ 2 minutes
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James Rickards is the American financial expert and author of the New York Times best-selling books “The Death of Money”, “Currency Wars”, and “The New Case For Gold”.
He worked on Wall Street for 35 years, and now advise Johns Hopkins University and the U.S. Department of Defense, where he served as a facilitator of the first-ever financial war games conducted by the Pentagon.
In his new book “Aftermath”, he explains how the biggest financial crisis is yet to come and reveals his seven secrets of wealth preservation in the coming chaos.
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0:00.0 | If you put your money in the bank, it's not your money anymore. It's the bank's money and they'll give it to if they feel like it. |
0:05.7 | We're in the last days of this country surviving. |
0:08.8 | We are still in the aftermath of 2008. |
0:11.0 | This could be the most serious recession in decades. There was no time to be |
0:15.6 | mad. We were looking at hours, maybe even minutes away from the sequential closure of |
0:20.6 | every stock and bond market in the world. |
0:22.8 | Nothing was solved. |
0:23.8 | All that happened was the debt was lifted from private hands to government hands. |
0:27.6 | Down by 9% the Paris market down by 9%. |
0:30.6 | If things change, they changed for the worse. In 2008, the Central Banks |
0:34.6 | bail out Wall Street. In the next crisis, who's going to bail out the Central |
0:38.1 | Banks? Our economy is the envy of the world. |
0:43.5 | Trump's odds of winning re-election |
0:45.3 | are the inverse probability of a recession |
0:47.3 | between now and the summer 2020. |
0:49.0 | There may be a collapse, and I'm forecasting that. |
0:51.4 | Something will emerge. |
0:52.6 | You could actually be one of the thought leaders. |
0:54.3 | You could be one of the people who lead the way out of the wreckage. |
0:57.8 | You can help us avoid it or help us emerge from the chaos. Oh, The I'm going to do. Oh, you're not. |
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