Join economist and author James Rickards, alongside Dr. Pippa Malmgren, a former presidential advisor and tech entrepreneur, as they dive into the potential of facing a great depression. They dissect the current economic landscape, contrasting recession and depression, while critiquing the Federal Reserve’s policies. Topics include the lasting scars of the 2008 crisis, the economic impact of COVID-19, and the shifting paradigms of globalization. Their insights unfold the fragility of national assets and the necessity of adaptability in these turbulent times.
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insights INSIGHT
Depression Since 2007
The US economy has been in a depression since 2007, marked by sustained below-trend growth.
Current economic declines are unprecedented and require looking back to 1929 for comparison.
insights INSIGHT
Unprepared for Crisis
The 2008 financial crash had a lasting impact, with the US economy never fully recovering.
The Federal Reserve's attempts to normalize the balance sheet and interest rates ultimately failed.
question_answer ANECDOTE
Economic Autoimmune Response
Pippa Malmgren compares the economic crisis to COVID-19, where the body's immune response can be self-destructive.
Businesses shut down preemptively due to cash flow concerns, leading to mass unemployment.
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Featuring Dr Pippa Malmgren (former US presidential advisor and tech entrepreneur) and Jim Rickards (renowned lawyer, economist and author of Currency Wars: The Making of the Next Global Crisis)
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