Rich Dad Radio Show: In-your-face Advice On Investing, Personal Finance, & Starting A Business

In this compilation, economist Jim Rickards discusses his concept of the "New Great Depression," distinguishing it from a recession by defining it as sustained below-potential economic growth. He explores the inflation-deflation debate, emphasizing declining money velocity as a deflationary force despite expanding money supply. Rickards predicts gold could reach $14,000-$15,000 per ounce if tied to a gold standard, while critiquing the Federal Reserve's forecasting models. He advises investors to diversify across stocks, gold, real estate, cash, and Treasury notes, and references Warren Buffett's moves into gold mining as validation of his bullish outlook on precious metals. 00:11 The New Great Depression 01:04 Defining a Depression 03:12 Inflation vs. Deflation 05:22 What is Money Velocity? 06:19 Why People Aren't Spending 06:55 Revisiting the Definition of a Depression 09:43 The Case for a $15,000 Gold Price 10:52 History of the Fed 13:25 Financial Panics and the Gold Standard 14:28 The 1929 Stock Market