James Rickards: The New Great Depression & Its Impact on the Economy

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In this enlightening 2021 interview, James Rickards, author of 'The New Great Depression,' discusses the distinctions between recessions and depressions, and explains why the current economic environment resembles a prolonged depression rather than a simple recession. He delves into the causes of depressed growth, the role of demographics, declining labor force participation, and the misleading narratives about inflation and money printing. Rickards also highlights the structural changes in the economy, particularly in commercial real estate and immigration patterns, and offers insights into policy responses and strategies for personal financial security amid economic uncertainty.

00:00 Introduction to Inflation and Money Printing
00:16 Understanding the New Great Depression
01:24 Recession vs. Depression: Key Differences
02:41 Historical Context and Current Economic Trends
11:17 Labor Force Participation and Economic Health
17:23 Migration and Real Estate Trends
20:38 Work from Home and Commercial Real Estate
23:18 Inflation vs. Deflation: The Real Threat
28:43 Investment Strategies in Uncertain Times
29:29 Conclusion and Book Promotion

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Lane Kawaoka is a developer and multi-family syndicator who owns 10,000+ rental units and is the leader of “Hui Deal Pipeline Club” which has acquired over $2.1 Billion AUM of real estate by syndicating over $200 Million Dollars of private equity and most importantly distributed more than $45M back to our investors since 2016.

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