The Start of the Greater Depression

Stansberry Investor Hour

Stansberry Research

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4.4 • 677 Ratings

🗓️ 19 March 2020

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week Extreme Value Editor Dan Ferris discusses why the "Coronavirus is the biggest thing to happen on planet Earth since World War II." He shares why he's not back in on stocks yet.Our guest, Doug Casey doesn't mince words with the current situation around the pandemic, and explains why "This is the start of the Greater Depression," and what individual investors should do with their money right now.

Transcript

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0:00.0	Broadcasting from Baltimore, Maryland, and all around the world, you're listening to the
0:06.1	Stansberry Investor Hour.
0:11.5	Tune in each Thursday on iTunes for the latest episodes of the Stansberry Investor Hour.
0:16.6	Sign up for the free show archive at Investor Hour.com.
0:20.2	Here is your host, Dan Ferris.
0:22.8	Hello and welcome to the Stansberry Investor Hour podcast.
0:26.3	I'm your host, Dan Ferris.
0:28.2	I'm also the editor of Extreme Value published by Stansberry Research.
0:33.8	Where do I begin?
0:35.8	How about here?
0:41.1	Coronavirus is the biggest thing to happen on planet Earth since World War II. How about that? That's not a bad starting point. I can't imagine anyone
0:48.4	thinking I'm guilty of hyperbole at this point. I was born in 1961, tail end of the baby boomers. And the truth is, my generation
0:58.0	has got away with a pretty easy time of it until now. My parents were born in the mid-1920s.
1:05.2	They grew up in the Great Depression. My father went to Okinawa at age 17 to fight in World War II
1:10.3	and various other things.
1:12.8	They had six of their seven kids to take care of in the 1970s inflation. Remember that period
1:18.3	well. And they, you know, it was just a different, they grew up in a different world and they
1:26.4	handled a lot of really difficult
1:30.4	crises for my parents early in their lives and they're still alive to talk about it.
1:36.3	But you know, for me, I'm feeling pretty soft, you know.
1:40.3	I never went to war.
1:42.3	A few, folks a few years older than me were in Vietnam and a few years older than them
	...

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