JIM RICKARDS: THIS IS NOT A RECESSION. IT'S A DEPRESSION. This is why you need gold and cash.
In this video I get an update from Jim Rickards on his take of what's going on in the markets. He believes we are in a depression, not a recession. He says that we have not seen anything like this since the great depression of 1929. He talks about why gold is very important to have, and why the US dollar cannot be measured based off other currencies. You need to measure the us dollar based off gold. So we talk about that and how you can best prepare yourself for what's coming next...
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