Jim Rickards: THE DOLLAR HAS ALREADY COLLAPSED - Gold Is The Only Independent Currency

Jim Rickards: THE DOLLAR HAS ALREADY COLLAPSED - Gold Is The Only Independent Currency

James G. Rickards is an American lawyer, speaker, media commentator, and author on matters of finance and precious metals. In this interview, Rickards said: "The caseload and the fatalities are the same, which means that lockdowns don't work. You can try them, you can do it, you can destroy your economy, but you're not going to change. The virus doesn't care about your politics, a virus doesn't care about your economics but they do destroy economies I don't think there's any debate about that. The lockdowns cause recessions. The only way to break deflation and get inflation is to increase the dollar price of gold."

01:29 - Lockdowns destroy the economy for no gain

02:11 - Because of the new lockdown, the United States will go into recession

02:49 - We have disinflation now we're going into deflation, deflation is the problem

03:36 - "Jim, you've been predicting for years is dollars going to collapse"

04:01 - The price of gold doubles the value of the dollar is cut in half

04:29 - Only one form of money which is independent of central bank policy is gold

05:13 - We had a boom in the middle of the Great Depression

06:19 - Jim Rickards: "I'm a big fan of real, real numbers, but debt is a nominal thing"

07:32 - If you want to control the price of gold buy and sell gold

07:52 - You can print money and buy that gold all-day