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Jim Rickards: Welcome to the New Depression

Thursday, December 11, 2014 15:57
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(Before It's News)

TND Article Spotlight:  Jim Richards for the Daily Reckonging | Jim-Rickards-China-300x170

The United States is living through a new depression that began in 2007. It’s part of a larger global depression, the first since the 1930s. This New Depression will continue indefinitely unless policy changes are made in the years ahead.

The present path and future course of this depression have profound implications for you as an investor. If you don’t grasp this once-in-a-lifetime dynamic you are at risk of seeing all of your wealth wiped out.

Calling the current economic malaise a depression comes as surprise to most investors I speak to. They have been told that the economy is in a recovery that started 2009.

Mainstream economists and TV talking heads never refer to a depression.



Source: http://thenewsdoctors.com/jim-rickards-welcome-to-the-new-depression/

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