Jim Rickards: What's Coming Is Bigger Than A Recession...
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- Опубліковано 13 тра 2024
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Chapters:
00:00 - Global Long-Term Recession Warning
06:00 - Weaponizing The Dollar & Implications
08:45 - U.S. Decline, The New Currency, BRICS
12:15 - Banking Crisis 2024
14:18 - Bitcoin Predictions
16:02 - Central Banks Buying Gold | The Downturn
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► Special thanks to:
Jim Rickards
/ @jamesrickardsproject
ITM TRADING, INC.
/ @itmtrading
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Baby boomers are retiring or on the verge to, so how do we deal with such recession-influenced market conditions? Typically my $250k worth of holdings go up 8% then lose 20% right after and the cycle continues, I’m confused and truly sick of the system
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions
It's true that many people underestimate the importance of advisers until their own feelings burn them out. A few summers ago, following an ongoing divorce, I needed a significant push to keep my company afloat. I looked for licensed advisors and found someone with outstanding qualifications. She has contributed to my reserve increasing from $275k to $850k regardless of inflation.
@@RobertDennison411 How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
@@_LauraRowley Rebecca Charlotte Craig is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@@_LauraRowley
Rebecca Charlotte Craig is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.
I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with COLLEEN ROSE MCCAFFERY’’ for the last five years or so, and her returns have been pretty much amazing.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
The background music is almost psychotic!!! and not really all that background. PLEASE, stop the torture.
I'm gone in a rabit hole
Stop with the music...please!!¡
Please 😢😢
Play the Unsolved Mysteries theme instead lol
I wish I had wrote that.
Get over it, move on please. Whiner.
I AGREE!!!😢
You can’t watch this - the repetitive music is mind dumping
I was just going to say that i had to stop watching
😢why play this repetitive sound? Impossible to pay attention
he might have thought this would hypnotize us into getting those "7 free stocks on Moomoo" (in the description under his video) 🤣🤣🤑
And get rid of the irritating, loud, invasive noise. All it does is wreck your speech. Any of your subscribers would be very angry with whoever is responsible for the added noise.
Can't watch it because of the loud noise in the background.
Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Indeed, the majority of investors focus more on the financial aspect and ignore the market's ups and downs. It takes a lot of patience and market knowledge to secure your financial situation because you need to know which profitable stocks to buy and invest in. I profited more than $260,000 in just the fourth quarter of 2021. Gaining an understanding of how the stock market functions is essential for profitable stock market investing.
@@greekbarrios I really acknowledge your comment, i have been trading stocks for a while now but i have not been able to make much. how do you achieve this feat?
She goes by ‘Jill Marie Carroll’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Would be much more worthwhile watching without the annoying background noise. I guess some might call it "music".
Jimmy likes it. It's on the same level as his logic.
I was just getting ready to comment the same thing.
Who's idea was that?
I like it…
Awful annoying noise
Yes stop the background
music. Very irritating
Too loud, and distracting
Go away.
You could say what you want Easter on you the truth no matter what the sound behind him
Agreed. Remove the background music, please and thank you!!
Odd that this has been suggested to this creator repeatedly to no avail. Loves the sound of his own voice and cares nothing about viewers.😮
The Great Depression didn't happen overnight, it was a gradual event.
exactomondo👍
If you believe unemployment is low, then I have some swampland in Florida I want to sell you!
Can you say number manipulation?
No music please!
Stop with the demented Halloween music already!
Yeah
🎃
This seems like the worst period.
Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!..
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to harriet alice
I agree just reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading
Please educate me, i'm willing to make consultations to improve my situation,
She's recognized as 'Mrs alice harriet. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Please how do I find this financial counselor?
My three favorite channels: FREENVESTING, Stock Brotha, & How Money Works. Make my week complete. 🔥 🔥 🔥
I feel sorry for you
I believe recession is being avoided on paper through all of this dangerous government borrowing raising GDP
It's kind of crazy to think about how a government who prints its own money is in debt
They are not the masters of their destiny. The Fed is a private corporation.
you don't understand ....the more of a thing the less valuable it is , the more money you print the less valuable it is on the exchange , if there where trillions of tons of gold the value of gold would drop drastically and if you increase the amount the value drops to nothing ...the same thing goes on with money along with everything else worldwide , america is 32+trillion in debt ....so now if america printed 32 trillion then that would be next to worthless in the world at large and they wouldn't be able to make any money at all and that debt outside of america would still exist
Printing money is debt. It lowers the value through inflation and leverages the gdp as collateral....
Smoke and mirrors
They will never go to a gold back system in the world 🌎 it's a moral system and they cannot do that
President Trump said he will do it when he is elected...with Gold at $20,000 per Oz.
this
It's too slow and bulky...I agree..will be crypto...fast....internet..
Whats coming? Mans heart will fail them. Glad im prepared.
So what do say to people who think we've been in recession for over a year?
When I hear music like that overlaying a talk.. I immediately skip the video..
Jim Rickards is the man! 👍👍👍
Yeah, you need to lower that background music, very annoying. I have to strain to hear what your saying.
Agree, music destroys the whole program
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal broker and also a personal broker in many families in United States, she's a licensed broker and a FINRA AGENT in United states
You trade with Michelle Stewart too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
Thank you Jim for your clear cut analysis of the market ! South Africa has been going through a collapse - high prices - no electricity and many towns water systems collapsing . What’s coming to the first world is scary. We are already there looking forward to the Bricks upturn!
Such interesting information
Great info and I've been listening to Jim a lot. Only disagree with his example on Bitcoin because Blackrock, Vanguard, Fidelity and others have entered into the crypto craze. Can they be wrong? Billions of dollars wrong?
Blackrock Vanguard Fidelity are now the casino owners:) Billions of Dollars come from the stupid gamers. The Others are just making money from them.
Thank God I’m validated.
your take on btc is genius
Jim, I signed up for your program yesterday for the $49 and I have not received anything that you promised you were going to send. Please let me know when I can expect it.
Lol you got played
You can expect it when I get a hair cut.
The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@noah-greeneI've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
*Gertrude Margaret Quinto* maintains an online presence. Just make a simple search for her name online.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
Continue with the background music everyone in the comments loves it!! Cant wait for uour next video
Can't hear the music.. turn it up.
😂😂😂
Good one!!!🤣🤣🤣
Instead of trying to predict and prognosticate whether or not we’re going into a recession, a better strategy is simply having a portfolio that’s well prepared for any eventuality, that’s how some folks' been averaging 15% every 7week according to Bloomberg
Predicting short-term market movements is extremely difficult in reality. It requires the investor to be right twice: Essentially why individuals engage service of experts who provide proper strategies to navigate the markets
The best course of action is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
indeed many good reasons to be pessimistic, unless the fall of the Iranian regime and the lifting of the sanctions that would immediately bring the price of oil below the level sustainable for Putin, that can happen in just one day
The noise (music?) in the background turned me off CANNOT UNDERSTAND YOU WITH THAT DISTRACTION.
Thank you or stating there is not use case for Bitcoin.
Remember folks there's no recession. It's all in your mind!😅 Cost of everything is going up and we're getting less. I remember when a 12 0z coke was 50 cents! Now close to 3.00!!!
I remember when it was a quarter
Man...this guy never gives up!
That's the best example I've heard to explain Bitcoin they are like a casino chips. The bitcoin itself has no value they're just like casino chips.
You can say the same of gold. You can't go out and buy coffee or clothes with gold. People buy gold in the "gold casino" hoping the price goes up, then they have to sell their "gold casino chips" for dollars to pay bills and buy coffee. Bitcoin is a much better version of gold. Gold with instant settlement, worldwide transfer, and accountability built in.
I think it might be better stated that gold has more liquidity in the local context and bitcoin on a more distributed/ global basis. In many rural areas gold and silver are readily exchanged quietly for goods and services…
Jimmie Rodgers explains it all very clearly and simply years ago Asia is the place that are going
$TPET 🚀 to $1.50-2 OIL
$HYMC $5-7 GOLD/SILVER MINING
$ISPC 50-75 cent
$ENVS 50cent to$1 OIL
$TPST 9.50/10.50 it's Cheap at present as last PR HIT $9.47
what about a bridge currency that accept any currency and transform it into another, maybe XRP second for a fraction of a cent
What's the best approach to get started? and how long do I wait before the lnvēstment can y!eld profits?
It doesn't matter how long you wait, for this markêt? Opportunities must come. Invest for the long haul. Don't get too greedy and don't get too scared.
It's important to make informed choices rather than relying on luck or impulse. it's best to partnēr with an advisor.
I personally make a steady income of 25-60k through hardcore ln√esting and save 20-30%, and guess what? I'm already partnered with one
I get it! I know the amazing perks of having a pro by your side, but I haven't found one for myself yet either.
I actually discovêred *Olivia Charlotte Oswald* on a CNBC interview, checked her out, and we started our partnership. You should definitely look her up, she could be a great partnêr for you too.
Thank you for offering your advice. Definitely grabbing this opportunity. Just found the webpage
I'm happy to come across these recommendations. I work with her and I am impressed with the thoroughness and professionalism of the investment diligence packages she provides.
That's a bit of an eye-opener...
You are 100% right on with Bitcoin, a big ponzi scheme
chips used for gambling best descriptions ive heard hope your prepared lol😬
LoL, as if the fiat isn't. Pull the finger out, mate.
The music is too loud!!!!
They are starting to take bitcoin as a form of payment for rent mortgage etc.
Silver can be usable by the average people like it was until 1964.
better stack up like no tomorra😋
@@dusmangi silver and gold can't hurt to have for you or future generations.
@@johnbethea4505 100% hope your getting yours
@@dusmangi I was born in 1946, so I had many years to use real silver money before the government stole it. I could buy a lot of stuff for a dollar.
gold isn't easily spendable either or silver for that matter. That may change but at this moment go see if you can buy a coffee with a silver coin for spot price even. Let me know how it goes.
At least come up with a backtrack that doesn’t repeat like dripping water. Dumb
All billionaires that say crypto is going to 0 have something in common IFKYK
I like the music tbh
DEPRESSION 😱. We are doomed🤬
Recession suddenly happening tomorrow is about as likely as any other day of the last 50 years.
I want to listen but the music is overwhelming 😫
What frequency. . .
Background music is very irritating
Including you!! you has made it for your checkmate🤣👌
The people in charge have to tell you exactly what they're doing and they do it and the people are clueless
I predict the hike before they cut you see if you go by the record beginning of the year was supposed to be 6 rated guns for 1/3 of the way through the year and we've had no cuts so if we continue on this path and you do the math and actually says we're getting six hikes this year that is just the factual math that's not my opinion
very bullish for commodities
Jimmy says: "There's so many things happening now!" Yea, the Easter Bunny, 1,876,999,000,654
jobs lost last week, Joe Biden slept the whole weekend, Peter Schiff says, buy cryptos,
Mario Manecco bought a new dog, Donald Trump is being sued..............
Schiff doesn't say buy crypto, never has..
The background music is completely destracting.
Music horror had to turn off
Geez I like the music
Dude be consistent. You said Gov is reporting bad numbers with employment rates and then base part of your theory on the Govs inflation rate of 3%. It's way worse than 3%.
The theory is based on the Fed acting on their reported rate of 3%. It is decoupled from reality. Further confirming the Fed will get this wrong.
Bitcoin's use case is the Dollar without a FED printing more.
Hi
Bitcoin has monetary value as does gold.
Gold’s advantage is that it’s physicality. An ounce of gold is not dependent on an electric network.
Gold’s disadvantage is that it’s physicality. It can be taken or stolen by someone.
I'm self employed and this economy is worse than 2008
Don't hold your breath 😂
dont blink 😋
Bigger than a recession. Probably time to go all in.
Yah. Right. Anything you say.
You have a quiet, soft voice. Your words trip over each other. Slow your speech a little, pleeease!
Very interesting (although, some of it over my head🥴). But… the soundtrack behind is awful!! Absolutely awful!
I’m sure I heard a celery stick get snapped 😆🤣
The use case of any digital currency, including Bitcoin, is to support trade external to government (or any other) control. The purpose of digital currency, the standard by which it ultimately is judged as successful or not, is how well it supports trade in an anarchic society. I bought a book about digital currency back in the mid '90s, which explained and illustrated the use case. The point of digital currency is supporting trade for anarchists. Digital currency is intended for lawless--if not dishonest--people.
Bitcoin turns out to be a poor form of currency, as it requires too much settlement time and fees for trades, even with Lightning transactions. Of course, it also requires a network connection at some point, which isn't always available everywhere, and has its own security risks. By the time that people realized that Bitcoin can't do its primary job as a currency of exchange, enough people had dumped enough money into it that it began a side hustle of playing a lottery chip. Most people buy Bitcoin in hopes of getting other people's money, rather than intending to trade it for goods and services.
Happy Earth Day. Dont worry.
Keep praying for conversion.
Cryptocurrencies are currencies and yes you can use them to buy things and you can you’re going to be able to use them to buy things more and more and more…. Other than that, I agree with most of what this gentleman had to say
It's not unemployment, it's wages and underemployment. The government, and the media stay quiet about.
Belgium looks very much like Amsterdam🤔
If you if you're smart you know the whole story from long-term Capital Management on forward most people are stupid are refusing information
Love the music 😂😂😂
Stop music
Didn't Jim say this last month? or are YOU misrepresenting him ??
That's the nice think about gold you have to steal it in person and then everyone knows who the damn thieves are.
Something that can be inflated away is not sound money.
I’m a silver and gold guy, but you need to talk to saylor, or do more research in Bitcoin, it has plenty use cases. As well as deflationary, unlike gold and silver.
so......what happened to the Volcker mistake? Jimmy, you were very certain there would be 1 to 2 .25 rate increases in much of your earlier commentary😳
So, I know understand that Bitcoin and Gold are just poker chips from the cassino. Luckily, it's easier to convert Bitcoin to government currency.
he did not same gold he said bitcoin is the chips used onthe internet to gambke lol
Btc gonna have more value than gold watch out.Btc number one.
It's hard enough to digest all this info.....add distracting music ....imposible!!!
Poor Jim doesn't know enough about BTC. Appreciate all his other insight though.
he knows its a chip used to gamble on the internet thats a fact make your money fast and get out before grid goes down just like in south africa and else where even oz been playing up alittle
Poor everyone buying gold instead of bitcoin.
@@Guy-kg4rz golds still cheap it will out last any electronic cyber money lol
I heard this bad news all the time. So stop, please
I am 100% with him on BTC, but is he saying that the dollar is the BTC equivalent to gold 🤔
Isn't it funny how all the people making life miserable are saying life is going to get more miserable? What happens if people actually wake up and stop listening to them, and stop paying them to make their lives miserable?????????????????????????/
World trade could also be shrinking due to war. In fact, it most certainly has.
Fortunately I can mentally tune the background music out. For those who can not, I understand.
We’ve been in a Recession since potato 🥔 came into office . Really you rich ppl don’t get it .