Our nation is facing an unprecedented challenge this year…
That’s why for the first time ever, two of the smartest financial minds in the world will share the airwaves to discuss what happens next.
For several years, they’ve been publicly warning everyday Americans about the instability of our financial system…
And how the next crisis would be worse than anything we’ve ever seen in America.
And now these two men who predicted the great recession in 2008 are issuing a new urgent prediction…
According to them, what’s happening in 2020 will change America forever…
And millions of unprepared citizens will be financially wiped out.
It’s what they call “The Great American Reset of 2020”…
After serving several years in the United States Marine Corps, our first guest quickly rose to prominence when he wrote the #1 personal finance book of all time - Rich Dad Poor Dad.
Robert Kiyosaki’s ideas have been called “revolutionary” on Forbes because they changed how millions of Americans think about money…
Our second guest is best-selling author Jim Rickards, a man who’s advised the CIA and the Pentagon in matters of national security.
He’s given advice to members of President Trump’s cabinet…
He’s been inside the West Wing of the White House, the U.S. Treasury and the boardroom at the Federal Reserve.
He even helped the Federal Reserve save America from a $1.3 trillion economic crisis in the late 1990s.
For the first time ever, they’re both issuing a warning to everyday Americans to help them prepare for this great American reset…
Because as Billionaire Mark Cuban said, “the economy will never be the same.”
Albert Edwards, a strategist at the bank Societe Generale, called this reset “a seismic transformation…”
The World Bank has already warned that “millions will be left in poverty.”
You don’t have to be one of them.
So, stay tuned because they’re about to reveal the exact 5 steps you should take right now to protect your wealth and your family.
Welcome… to the “The Great American Reset of 2020.”
PETE: Hello everybody. I’m Pete Coyne, and I’ll be your host for today’s event…
Joining me today are two of the most well-respected financial minds in the world.
Millions of people follow their work because they have a history of making shockingly accurate predictions.
And today for the first time ever they’re both issuing an urgent warning about what’s about to happen in America…
2020 will go down as a crucial year in our nation’s history…
We already had the pandemic… the unprecedented economic shutdown… a stock market crash…
The price of oil collapsed to its lowest price in recent history!
According to the Daily Wire:
Our economy is absolutely in free fall…
Manufacturing activity has dropped to its lowest level ever…
Same thing with retails sales…
It’s way worse than what we saw in 2008…
No wonder many experts are already predicting a wave of bankruptcies like we’ve never seen before…
Things just keep getting crazy…
But as bad as things already are…
According to Jim Rickards and Robert Kiyosaki, this is just the beginning of something much bigger…
Something that according to them will reset America.
Millions will be left behind.
And they’re not alone in predicting America will never be the same.
Famous Hedge Fund Manager Bill Ackman said…
“America will end as we know it.”
Albert Edwards, a strategist at French bank Societe Generale, called this reset “a seismic transformation…” and said, and I quote:
“There will be no turning back.”
And Atif Mian, an economics professor at Princeton University, said:
“We should be very worried… We are definitely at a tipping point.”
That’s why we’re hosting this urgent event…
To help you prepare.
So, if you’ve been wondering…
Where should I invest now?
How fast could the economy recover?
How long will this shutdown last?
We’re about to get answers…
Because these men do not work for Wall Street or any media… so they’re 100% independent.
That means they aren’t taking any money to fulfill a particular agenda.
And because of that, they aren’t beholden to anyone.
The only agenda here today is for these two men to share their unbiased ideas with you and help you prepare for this “Great American Reset.”
There’s no time to waste… so let’s get started.
Jim, thanks for being here… I want to start with you…
Because back in January, way before the markets started to panic…
You sent this note called “Contagion” to a small group of readers warning them this pandemic could get much worse.
You said that this crisis that started in China could cause a global financial crisis and eventually put a lockdown on the banking system.
Fast forward several months later and our whole country has been on a lockdown that has changed America as we know it…
Shopping malls look like ghost towns…
Factory closings are at an all-time high since World War 2 …
And across the country, many shops, gyms, bars, colleges, schools, and restaurants have all been affected and no one knows what to expect when things will go back to normal
Jim, do you think that kind of v-shaped economic recovery is possible?
Will people just come out of hiding and go back to normal… packing bars, airplanes, shopping malls, elevators, offices, etc. like we used to do?
JIM: Yeah, I don’t think that’s going to happen, Peter.
Maybe for viewers, we should explain what a V-shape recovery is. It goes down very sharply, but then it comes back very quickly.
So if you look at a graph of output or employment or any other metric, it looks like it goes down and comes back.
Well, we went down, now we know that for sure a lot of the data is… A lot more’s coming, by the way.
We just got the first-quarter GDP and it was bad. But the second quarter will be worse.
Now the issue is just because it went down fast does not mean it comes back fast.
There’s a lot of happy talk coming out of the White House. Larry Kudlow was a big cheerleader, by the way. Nice guy. But one of the worst forecasting records of anyone I can identify.
You hear about what’s called pent up demand.
The ideas, well, I didn’t spend this money in April or maybe in May, but I will spend it in June.
So it’s just a timing difference. That’s nonsense there.
There is no pent up demand, maybe a little bit, but when people don’t go out to dinner because they’re worried about the virus and then restaurants re-open and they go out to dinner, they don’t order two dinners, they don’t order five dinners, they order one dinner.
So all the dinners, they did not get in February, March, and April. That’s permanently lost. That does not bounce back.
Beyond that say, okay, the gym and the dry cleaner and the pizza parlor and the restaurant and the bars reopen.
Well, some of them will reopen, some of them won’t. Some of them have closed their doors permanently.
They don’t have the working capital to get through something like this.
So we’re not going to have a V-shaped recovery.
We’re going to have what’s called an L where it goes down and then chugs along at the bottom.
PETE: I saw a Gallup survey that showed 71% of people said that they would wait and see what happens after the spread of the virus is declared flattened.
That the curve flattened or whatever the language is.
So 71% of people will wait and see what happens after they get the all clear to go out.
So it sounds like nothing will be the same afterwards.
JIM: That’s right. I mean, just because the restaurant reopens, which is a good thing, it doesn’t mean that the customer is all flock in.
They might still be concerned and maybe the restaurant has half as many tables because they’ve got to maintain social distancing.
So people really need to think through what it means.
Things will re-open, but it won’t be the same.
PETE: Jim, you recently went on record saying that we’re about to see a series of dominoes falling…
First, massive unemployment… followed by a wave of bankruptcies… then the crisis will spread to other important areas of the economy, like the real estate market…
Then banks and financial institutions will get in trouble because people won’t be able to pay loans…
And finally, you said the last domino to fall will be a complete collapse of our society and rule of law… With massive social unrest in some parts of the country.
You also said this shutdown could last 18 months, if not longer…
And looks like Neel Kashkari, the head of the Federal Reserve Bank of Minneapolis, agrees with you. He recently said, and I quote:
This is really scary stuff.
So Robert, do you agree with Jim that we’re facing a depression?
ROBERT: I agree with Jim on almost everything.
I started following Jim with this book, Currency Wars, which I understand.
And then New Case for Gold and then The Road to Ruin just verified.
The thing that said as if they had read Jim’s books, maybe fewer people would be in the toilet right now.
So that’s why I agree with him.
One more thing is that a lot of people think that depression was like three years in 1929.
But it actually didn’t recover for 25 years.
Stock market crashed in 1929 and I think it was 1954 it finally hit 381 again.
So that was a long timed down.
I know people are hopefully thinking that all this was just bounce back and happy days will be here again and we’ll be drinking and yucking it up.
But I think things have changed I think permanently and that’s why it’s going to take awhile I think for people to adjust.
PETE: So, let’s talk about unemployment because Americans are losing their jobs right and left.
According to Moody’s Analytics, nearly 80 million jobs in the US economy are at risk.
That’s more than half of the 153 million jobs in the United States today.
Even Fed member James Bullard is predicting a possible 30% unemployment rate.
To give you an example of just how unprecedented this is…
U.S. unemployment peaked at 24.9% during the Great Depression.
But some experts think that everyone who’s getting fired right now will just be rehired immediately.
Robert, you’re an entrepreneur… you run your own company… so what do you think is going to happen once the economy reopens…
Do you think these people who got laid off will just get re-hired?
ROBERT: I think that’s the exact word that wishful thinkers and that’s why all of Jim’s book and my book on Prophecy.
I wrote a book this year, Who Stole My Pension.
If it’s a social contract of people that’s been broken.
Like you said, you went to college, you worked hard, you got a good education, you’re raising your kids, you have your money in a 401k or you have a state pension plan, your firefighter, a school teacher.
All of that might be coming to an end.
But if you look at how pervasive this whole house of cards or a castle on sand here.
It’s going to get worse.
So to sit there and hope that it’s going to get better, I think as a little pollyanna, or what would you call that?
I’d rather be preparing for it because I’m like, "Thank God we did well.
We’re going to do even better. Even in real estate, we’re going to do better.
But we planned for it.
PETE: There’s also another interesting point to consider…
Public health officials and experts believe that rushing our economy back to normal would risk a severe second wave of coronavirus cases.
The head of the US Centers for Disease Control and Prevention warned recently that a second wave could be deadlier than the current pandemic.
So, a second wave could delay our economy going back to normal even more.
Because of this huge crisis…
The government has taken unprecedented measures to stimulate the economy…
I want to ask you both about that in just a moment…
Because I know you believe this will actually trigger a reset in America that will financially wipe out millions of citizens.
And I want to hear all the 5 steps you’re recommending people take right now to protect themselves.
Jim, I know you have invested millions of your own money in some of those solutions…
And Robert, you’ve invested a large amount of your wealth in some as well.
But before we get to that, I want to say something important to you watching at home…
I know all this might sound crazy… and you may think that things won’t get that bad.
But I want to remind you that both Robert Kiyosaki and Jim Rickards predicted the 2008 crash… And those who ignored them paid a hefty price.
So Robert, we actually have a clip of you predicting on live television that Lehman Brothers would go bankrupt.
Let’s play that right now…
It’s funny how you shocked the reporters.
But now we all know you were dead on…
Just a few months after that, Lehman went belly up, markets fell into panic, accounts were wiped out.
But Robert, nobody believed you at that time, right?
ROBERT: I was about eight months ahead of schedule.
That was the hard part because it was still looking pretty good and I just say this again, I said in 1996 your house is not an asset.
I was trolled. That’s what happens. You get attacked. I got attacked by so many people.
I remember I went to a restaurant in Phoenix and I went on here and I said, your house is not an asset.
Man I walked out that restaurant and I got attacked. You don’t know what you’re talking about and all this.
And then 2008, 4.5 million Americans lost their homes. They haven’t gotten them back.
Just like when I was calling Lehman Brother, I remember that it was going to go down, was calling it to January, 2008 I think it went down September, 2008.
But people had a chance to get out, but they didn’t because they sit like little Covey of quail as the big bad Wolf was coming around them.
I think really that’s my purpose for being on this call with Jim is that we were warning people for all these years.
PETE: Jim, something similar happened to you, right?
Let me put this letter on the screen… because in the summer of 2008 you wrote this letter to top advisors in the presidential campaign.
Then just three weeks later, all hell broke loose… Lehman Brothers went bankrupt…and Markets crashed across the world, ruining the retirement of millions…
An estimated $2.4 trillion disappeared almost overnight from Americans’ 401(k)s and IRAs when the market crashed in 2008.
Once Congress realized you were right, they invited you to testify in the Senate about the state of the economy.
Most people who ignored both of your warnings are still dealing with the consequences to this date.…
Check out this headline…
Or this one…
And this one from 2018…
So here we are today…
And you’re both issuing another warning to America…
And this time you’re saying it could be worse than 2008.
So Robert, let me get your reaction to this chart…
Take a look at this…it’s the chart of the stock market, and you can clearly see the crashes in 2000 and 2008…
But looks like we have a lot more downside now if there’s another big crash. You wrote about this in your book, Prophecy…
You predicted, and I quote, “the biggest crash in history”…
And you also said that millions of retirees would be left helpless and broke in their old age when this crash happens.
So Robert, is 2020 the year of this big crash you predicted?
I’m just thinking… if this is the big one, lots of people will be wiped out.
ROBERT: I started in 1999 writing that book and published in 2002 and I said the biggest stock market crash in history would come in 2016 and that was when China, the WT and all this stuff was happening.
But I never foresaw quantitative easing and ZIRP.
So that’s why the crash didn’t come until March, 2020. Where it dropped three consecutive times.
We entered a bear market in less than three weeks, which is very fast.
To me this is more than a crash or depression.
PETE: OK, but I want to play devil’s advocate here…
How about all the stimulus from the government?
Congress approved a $2.3 economic stimulus package in April… it’s the largest emergency aid package in US history.
It even included sending money directly to people.
They’re talking about doing it again now…
Jim, do you think this kind of stimulus from the government can help boost the economy?
JIM: Well, the first problem in the analysis, Peter, is there is no stimulus.
And when I say there’s no stimulus, people go, wait a second, I’ve been reading about this $2.2 trillion program by the way, which is now up to $3.2 trillion on its way to $4.5 trillion.
But that’s a separate issue. But it’s going on, but there’s no stimulus.
There is money printing and there is spending for sure, deficits are ballooning.
The Fed balance sheet is ballooning, but none of it is stimulus. And let me explain why.
So over at the federal reserve, in the past 10 years, as Robert mentioned, I’ve written a series of books.
And one of the points I made was that in 1998 Wall Street bailed out a hedge fund, longterm capital management.
I actually negotiated that bailout, but Wall Street bailed out a hedge fund to save the world from collapsing.
In 2008 the central banks bailed out Wall Street, to save the world from collapsing.
Well here we are in 2020, and the question I had raised for a long time was, who’s going to bail out the federal reserve?
Each bailout got bigger than the one before.
Went up a level from the one before, where we’re now at the top level.
When you had to ask yourself, who’s going to bail out the federal reserve?
Well, we actually have a partial answer.
The $2.2 Trillion rescue package that the Congress voted on about a month ago at this stage, inside was $425 billion, that was given to the federal reserve.
There was some accounting gimmickry.
They put it in a special purpose vehicle, but that money was given to the federal reserve.
Now here’s the point. It’s already higher than it was in the response to the 2008 crisis.
But on top of that, we’re now going to stick another $4.25 trillion, make it 5 trillion for a round number.
So the Feds have taken their balance sheet to $10 trillion, bearing in mind that in the last crisis, it never got over 4.5 Trillion.
Now we’re talking about 10 trillion of money printing.
And what’s the Fed doing with the money?
They’re buying corporate debt, they’re buying municipal bonds, they’re buying commercial paper, they’re propping up the primary dealers, propping up the banks, propping up mortgages, propping up everything in sight.
So is this stimulus? Well it is money printing.
I just described that $5 trillion of new money printing or more, and they are keeping the lights on.
But where’s the stimulus? That’s not a stimulus. That’s just giving people their money back.
To decide that there’s going to be stimulus, you have to ask yourself, well, what are people doing with their money?
And this was where you get the concept of velocity.
It sounds a little technical, but velocity is just the turnover of money.
So I go out to dinner and I tip the waiter, and the waiter takes the tip and takes a taxi home.
And the taxi driver takes the taxi fare and puts gas in his taxi cab.
Let’s say your neighbor got laid off is unemployed.
Well you may still have your job, that’s good, but you’re thinking, well maybe I’m next.
My neighbor got fired, the neighbor next door had his hours reduced by 50%, somebody else got furloughed. I might be next, so I’m not going to spend the money, I’m going to put it in the bank and save it just in case.
So here’s the point, the Fed can print $5 trillion and they are, and the Congress can run a 6 or $7 trillion deficit and they are, but all of that money, upwards of 10, $11 trillion getting pumped into the economy is not stimulative.
Because it’s going to the wrong places, People are not spending it because they’re afraid.
So is there money printing? Yes.
Is there deficit spending? Yes.
But is there stimulus? No, because none of these programs I just described are having that stimulative effect.
PETE: How about our central bank, the Federal reserve?
They already cut rates to zero… and they’ve promised to do whatever it takes… even print unlimited money.
Right now, the Fed is printing $41 billion per day.
Morgan Stanley analysts estimate that the Federal Reserve, European Central Bank, Bank of Japan, and Bank of England will print $6.8 trillion when all is said and done.
Robert, you’ve been a critic of the Fed… and in your book FAKE you talk about how all this money printing will end in disaster.
What do you think will be the consequences of all this money printing?
ROBERT: I see the total bill beyond 10 trillion.
We have retirements coming up, are we going to bail them out too?
And then what about student loan debt, which is 1.6 Trillion?
And what about social security, and what about Medicare?
And I know the treasury and the Fed can keep printing money, but as Jim always says, there comes a time when the people will wise up.
And I think really that’s kind of a question, because everybody is right now happy to take that check.
If you don’t have a job, you’re happy to take the check.
But I think eventually they’ll wake up and they go, well how much more of these checks can our government keep putting out? And I think that’s my message.
And the beauty of having Jim here is he came from the other side to see the workings of what I call the wizard.
It was the Federal Reserve Bank, I see as the wizard.
You have Alice, what was it? Dorothy and the Tin Man and the Lion and the Straw Man, they go to see the wizard.
Well, the wizard turns out to be this little guy behind the scenes, pulling the strings.
It used to Bernacki, now it’s Powell. They’re pulling the strings, but it’s this huge illusion.
And everybody’s waiting for the Fed to save them, or the Treasury to has save them, and exactly as Jim says, who bails out the Fed and the treasury doesn’t?
If that doesn’t make your spine tingle, you’re not alive yet. You don’t know what’s going on.
PETE: Jim that leads me to my next question.
How about all the debt in the financial system?
You’ve been warning about the instability of our system for years now in all your best-selling books.
And now the former chief economist of the IMF Kenneth Rogoff believes the system is on the verge of a collapse. He said:
“We’re looking at a collapse in global trade unlike anything we’ve seen since the 1930s. An avalanche of government - debt crises is sure to follow. The system just can’t handle this many defaults and restructurings - at the same time.”
Atif Mian economics professor at Princeton University also expressed his concerns about our national debt. He said:
“We are talking about a level of debt that would certainly be unprecedented in modern history or in history, period. We are definitely at a tipping point.”
And according to Kitco, the countdown for a full financial reset has already begun.
You predicted this financial reset in your book The Death of Money. You wrote, and I quote:
“The collapse of the dollar has begun… The Fed’s insolvency is looming. As the dollar’s 9/11 moment approaches, the system is blinking red.”
And looks like you were right…
Recently, CNBC reported that “global central banks are partnering up to explore digital currencies to replace the dollar.”
Even Ray Dalio, who’s the founder of hedge fund giant Bridgewater Associates, now agrees with you Jim.
He’s also predicting the beginning of the end of the dollar as the world’s reserve currency and, with it, of the United States’ economic dominance. He said:
“I believe that we are now seeing the archetypical big shift in relative wealth and power and… a profound shift in the world order that will affect all countries.”
So Jim, do you think this Fed’s mass money printing will be the tipping point for a monetary reset?
JIM: Well, we are heading for a monetary reset, Peter, and the Fed’s money printing.
Again, as I mentioned, we’re not talking about a trillion dollars, we’re talking about $5 trillion, which, on top of 5 trillion, so going up to 10 trillion, yeah, it is heading in that direction.
But I think it’s important to think about, well, what does the reset actually look like and what do we mean by that.
A lot of people think, “Well, the dollar will be diminished as a global reserve currency, and we’re all going to go to euros.”
Or, “The dollar will decline as an attractive asset, and we’re all going to go to Chinese yuan.”
That’s not going to happen.
In other words, the dollar has lots of problems.
I’ve spoken about them and you just pointed them out, but all of the currencies are in the same boat.
It’s as if the Titanic sank and some people made it to a lifeboat, and they’re in the lifeboat, and they have no food and no water, and it’s freezing all around them, and it’s the middle of the night.
Now, you can go around the boat and say, "Well, this one person’s taller or this person’s a little smarter, this person’s a little more warmly dressed, but they’re all in the same boat, they’re all in this together.
They’re either going to be rescued together or they’re all going to die together.
And that’s the way to think about currencies. They’re all in the same lifeboat.
I don’t care if it’s Japanese yen, Swiss francs, euros, pounds sterling, Chinese yuan, or U.S. dollars.
They’re all in the same boat together. So we’re seeing the collapse.
The collapse is right there in front of our eyes; the reset is right there in front of our eyes.
PETE: Ok, so let’s talk about solutions…
Let’s look at the 5 steps you guys have put together for everyday Americans to prepare for this “Great American Reset.”
I have them right here with me so let me put the first one on the screen…
The first step is to buy the world’s safest asset, gold.
But not just any type of gold.
We’re going to get into details now…
But first, I can’t say I’m surprised you guys recommend gold…
Just look what happened in 2008, when the Fed started printing money to boost the economy…
The yellow metal exploded in the coming months and years.
Of course, past performance is not indicative of future results. We won’t know how gold is going to shake out in the years to come.
Regardless, some of the richest investors in the world are buying gold right now.
Billionaire and Hedge fund manager, Paul Tudor Jones says,
“Gold will be the antidote for people with equity portfolios.”
Real estate titan and billionaire, Sam Zell said that he bought gold for the first time in his life as a “good hedge.”
And Egyptian billionaire Naguib Sawiris put HALF of his net worth in gold in mid-2018 to protect himself from a potential stock market crash.
“People tend to go to gold during crises and we are full of crises right now.”
But, it’s not just the billionaires loading up on this precious yellow metal…
According to the World Gold Council, central banks bought a historic amount of gold in the last year.
It’s really a gold rush right now…
Everyone is getting in.
Jim, check out this headline…
How high do you think gold could go? And any specific type of gold you recommend?
JIM: Yeah, I do have a $10,000 per ounce intermediate price target for gold, and I’ll explain the math.
People think I pull big numbers out of the air just to get attention.
I don’t need the attention, and that’s not how I operate.
I do have disciplined models, and $10,000 an ounce was the output of one of the models.
The $10,000 an ounce price is, that’s what gold would have to be if you wanted to go back to a gold standard and not cause massive deflation.
And how do I arrive at that?
Well, the global M1 money supply, when I say global, U.S., Europe, U.K., Japan, China.
They’re the big economies, a few others. They have about $24 trillion in M1.
How much gold do you need to back up that money? Well, it’s debatable.
Historically, 20% has worked fine. The Austrians would say 100%. Just take 40%. 40% is enough to inspire confidence.
Probably more than you need, but let’s be conservative and say 40%. So 40% of $24 trillion money supply is $9.6 trillion of gold.
How much official gold is there in the world? It’s about 33,000 tons.
I’m not talking about private gold. That’s a bigger number.
But official gold owned by governments, treasuries, finance ministries, central banks, and sovereign wealth funds is about 33,000 tons.
So this is like sixth grade math.
You take the $9.6 trillion target and divide it by 33,000 tons, and it comes out to about $10,000 an ounce.
PETE: Ok, we know this is a long term prediction – $10,000 an ounce by 2026. But there’s no time to waste to get in now… gold is already on the move… as you can see in this chart…
While stocks have crashed…
Over the last year gold is up almost 40%.
Unfortunately, most people don’t know what’s the right way to invest in gold.
That’s why we’d like to send you Jim’s book to help you prepare…
Inside, you’ll discover…
Here’s what reviewers on Amazon.com are saying about The New Case for Gold:
★★★★★ Awesome book that is a must read! Worth more than its weight in gold.
Format: Hardcover | Verified Purchase
★★★★★ Thank you, Mr. Rickards for your financial life jacket.
Format: Kindle Edition | Verified Purchase
★★★★★ The one book on gold you'll ever need, for now
Format: Hardcover | Verified Purchase
The New Case for Gold lists for around $16 on Amazon.com, but I do NOT want you to buy on Amazon.
I want to be the one who sends this book to you, and I’ll explain how in just a moment…
First, I want to move on to the next steps…
But before we do so, I have a question for Robert…
Robert, gold is expensive to some people. In those cases, you recommend them buy silver, right?
ROBERT: I say silver’s a good place to start.
It weans you away from paper money.
And so, I’ve been doing silver since 1964 when the dimes and quarters and whatever, the half dollars, were pure silver.
And that’s when Gresham’s law kicked him. And the Romans did the same thing.
So they would get silver coins and they’d either clip them or they mix a base metal in like nickel or something.
So when I was a kid, 17 years old, I’m looking at my quarter and it had this gold tinge around, copper tinge around.
So that’s actually when I started in silver because I smelled a rat. I said, why would they be doing… I was a high school kid. I didn’t understand it. So that’s how I got into it.
And like I said in my book, Fake, that’s when I was flying in Vietnam and Nixon took the dollar off the gold standard.
And again, I smelled a rat.
Threw at me and I said, what are they doing?
And today if you look at what’s going on, the rat’s very big.
He’s a stinkier rat.
I mean, they’re printing trillions. I think Jim probably knows what is the whole liability of the fed and the treasury?
Are they going to I bail out pensions? Are they going to bail out social security? Medicare?
Are they going to bail out everything? And this has happened throughout history.
That’s why I smelled a rat.
And I love silver. It’s a good place to start. That’s my only thing. 20 bucks, you’re in the game.
We already showed folks how gold exploded after the Fed started printing money in 2008.
But silver went even higher. Take a look…
Again, past performance is not indicative of future silver movement, but a similar situation could be shaping out, this may be your best shot if you missed it in 2008.
So, we know both of you recommend physical gold and silver…
But if those metals rise, you could make even more money investing in the right mining companies.
So, before we move on to the second step you should take…
I want to tell you about Jim’s #1 silver stock to buy now.
You see, his team just uncovered what might be the last pure silver mine in the world…
A mine so rich that if you walk on the surface you might trip on pure silver.
It is literally coming out of the ground.
Better yet, it’s owned by a tiny company trading for just around $4…
I have to admit that this is the most exciting story I’ve heard in the silver industry in several years.
Because you could 5x your money by 2023 if it plays out like Jim’s research shows it could
Of course, some mining companies can be volatile, especially the smaller ones… So you should never bet the house on one single investment.
But according to our research, this silver stock could easily explode 460% in under four year’s time…
Just think about it…
With this stock trading below $4, it just needs to go up another $4 for you to double your money…
Already, news of this world-class deposit is rocking the mining industry.
Andres Moreno, a well-respected mining lawyer in La Paz had this to say about the finding:
“The potential is among the best in the region. Everything you could imagine and more.”
World-renowned mining analyst, Joe Reagor admitted that this discovery is “too unique” to ignore.
That’s why we put all the details in a special investment research report called:
I’ll tell you how to claim this report and Jim’s book The New Case for Gold in just a moment…
First, let’s move on to the second step…
Robert, the USA Today recently published this letter from a retiree…
Let me read it for you…
“I had planned on retiring from my job this October after 42 years in the workforce. But with all this stock market crash and recession stuff, I’m not sure I can or should. I live alone, currently bring home $4,100 a month, and I have $452,000 in my 401(k) (even after the crash). I haven’t filed for social security yet, but I’ll receive about $2,500 a month. I’ll be 67 when I file. I don’t have too many bills, and we only spend about $3,000 a month. I think I can make it work, but I’m just nervous about leaving the workforce with all the unknowns.”
The advice he got from the financial planner in that article was to continue to buy and hold in a diversified portfolio in his 401k.
What do you think of that advice?
ROBERT: When I look into the future, as I said, 2008 is not 2020.
So in 2020 I’m doing things different that I was in 2008.
What I’m looking for is the next evolution to prosper rather than get wiped out.
But most people would rather just turn their money over to somebody else.
You’ve seen me go off the wire at some yo-yo asked me, “I got $10,000. What should I do with it?”
And I said, “The first thing I would do is shut your mouth. You don’t want to tell the world I got $10,000 I don’t know what to do with my money.”
Because if you don’t know what to do with your money, they have plans for your money and Joe has put it in their pocket.
So what Jim and I stand for is personal responsibility and education and making your own decisions.
But I don’t trust the stock market. I wouldn’t bet my future on it.
And simply because I don’t think the crash really hit yet, the 2020 crash.
I don’t know what’s coming, but I think the crash is much bigger than the great depression.
PETE: Jim, you wrote about this recently…about portfolio insurance. Here’s what you wrote…
“You wouldn’t be able to sleep at night without homeowners, auto, or health insurance.
But nobody ever talks about how to protect your investments.
But there’s an investment strategy that can act as insurance for your portfolio”
You call this investment “crash contracts, and it’s playing a certain kind of options.
As Investopedia explains…
“The best way to hedge against potential market losses is to buy [crash contracts].”
That’s why Optimize Advisors President Michael K. recommends using options to protect your portfolio against further market mayhem.
Of course, you don’t need me to tell you that every investment strategy has some risk. For options, you can lose the entire principle invested, and sometimes more, when they go wrong. But the great thing about these “crash contracts” is that they are designed to reduce your risk if done properly.
I They’re just a great way to protect your hard-earned money.
Which is why we want to show you exactly how you can use them.
Jim has put all the details in another special report called:
In this special report, we’re going to show you step-by-step how to use the best strategy to insure your portfolio for the upcoming crisis.
We’ll tell you how to claim it in just a moment…
But first, let’s talk about 3rd step everyone should take today…
Jim, you’ve gone on record predicting a wave of bankruptcies, right?
JIM: That’s right.
And this goes back to the point I said earlier, Peter, about first of all, this crisis is not over and it can take a year or sometimes longer to play out.
We know we're in a bad place right now.
We have enough information on that. But you can't just say, okay, this is the bottom, it all gets better from here.
It can get a lot worse. And that's why it takes a while for these things to play out.
So for example, if an individual loses his job or her job and he or she files her bankruptcy, okay, what does that mean?
Well, it means they don't pay the rent on their apartment and they break the lease.
Well, what does that mean? Well, it means the landlord can't pay his mortgage.
Well, what does that mean? That means the bank has a bad debt.
In other words, there are ripple effects. They don't happen overnight. It could take 60, 90 days for one bankruptcy to emerge and then another 90 days for another bankruptcy to emerge.
But you play it out over a year.
When a restaurant closes it's not just the restaurant.
They have suppliers, seafood markets, farmers, butchers, employees, delivery people, the utilities, the electric company, etc.
So a restaurant going out of business isn't just 20 waiters and waitresses.
It's all the supply chain where it ripples back.
And by the way, if you're providing fish and one restaurant goes bankrupt, you might have 20 customers and half of them go bankruptcy, your business is down by half, and then you end up in bankruptcy.
The point is it doesn't happen overnight. It can take months or a year or longer to play out.
There are ripple effects, very bad ripple effects because one person's financial distress ends up being someone else's financial distress because they were dependent on the first person.
So on down the channel, it all ends up in the bank. So yes, we are confronting a wave of bankruptcy.
PETE: For you watching a home…
Remember, back in 2008 nobody thought that shares of popular companies like Lehman Brothers, Chrysler, or Washington Mutual could go to zero.
And now analysts are starting to warn it could happen this time.
I just read this headline from Yahoo Finance that says:
So according to Jim…
Companies that don’t have a ton of cash and are deeply in debt and exposed to this crisis could go belly up.
That’s why Jim has asked his team to find the most popular market sectors out there that could go to zero…
These are ticking bombs that are probably sitting inside millions of 401k and IRAs accounts…
Maybe even in yours.
We call this report Ticking Time Bombs: Stocks to Avoid During A Market Crash.
If you have any one of those market sectors in your portfolio, I beg you to get rid of them before it’s too late.
I’ll show you how to claim this report in just a moment, but first let’s move on to step #4…
Robert and Jim, sometimes you guys are misunderstood… and people think you are all doom and gloom…
But that’s not true right?
Robert, I know you’re always looking for opportunities… and you actually make more money during market crisis. Can you talk about that?
ROBERT: Well, I really think it’s what Buffet says the best.
He says, “When the tide goes out you find out who’s swimming naked.”
And right now you're looking for naked scars. There was a lot of them and there's more opportunity.
But you have to develop and train yourself to see the opportunity right inside your face and in front of you.
My best investment, actually my wife's best investment, is right across the street from our house.
And it's going very well because it's real estate, but it's assisted living, high end, assisted living.
The financing, the people are lining to give us some money for that project where people can't even get a loan in the same economy.
PETE: Ok, so this stock market crash could definitely create some opportunities…
That’s why step #4 is…
Jim and Robert are not predicting the world will end.
We’ll survive this just like we survived the Great Depression of 1929.
And that means if you know which stocks to buy at the bottom, you could make an absolute fortune on the rebound.
For example, did you know there's actually a group of stocks that tend to go up during a recession?
Companies like Chocolate maker Hersheys, which climbed as much as 545% since the 2009 recession…
Or toy maker Hasbro. Had you bought shares in the midst of the last recession, you could have made up to 638% gains…
Or auto parts retailer Autozone… which in the midst of the last recession started a 1,061% run…
What do these companies have in common?
They all had high returns on invested capital. And for that reason, they not only survived the great recession but thrived.
Well, Jim’s team has just found the top 5 stocks with high return on invested capital.
These are solid companies that should thrive in this difficult environment.
I’m sure you know, all investing carries risk and it’s impossible to win 100% of the time.
Jim’s closed 2020 track record champions a -5.67% average gain with an average hold time of 530 days.
But fortunately, with Jim’s 45 years in finance – and all his experience advising the US intelligence community…
He and his team went ahead and took the highest precautions for you.
I put all the details inside a new report called Five Recession-Proof Stocks to Buy Right Now.
I’ll show you how to claim this report in just a minute, but first we still have one more step to cover…
And this might the most important of them all.
Jim, I know you currently own a small lot of property in the mountains of New England…
Where you have dug three wells, planted abundant gardens, and built a significant greenhouse.
You have also installed the largest non-commercial solar power system in New England.
Sufficient to say… you will not be dependent on anyone to take care of you or your family…
How important do you think that is? I mean… most folks just think the government can take care of them…
JIM: Yeah. Ultimately, it’s your responsibility to take care of yourself and your family.
And of course your family can help take care of you.
So the idea of the family pulling together, even a small community pulling together and people helping each other out, is key.
But as far as relying on the government is concerned, we talked earlier about the first $2.2 trillion bailout program and maybe another two or $3 trillion along the way.
Honestly, that covers about two and a half months.
That payroll protection plan, I actually examined it.
It was two a half months of payroll.
That’s how much of a loan you were entitled to if you even got that much, if they didn’t run out of money before they gave it to you.
So everything we’re seeing, yes, it’s in the multiple trillions of dollars, but the US economy is $20 trillion, at least it was before this all started, it’s running into more of a $16 trillion right now down 20%, but it’ll start to grow slowly from there, but not fast enough to save everyone.
So no, you should not depend on the government.
And maybe not everyone can have a farm or a solar powered system, but you can certainly think about do I want to live in crowded cities where contagion spreads like wildfire?
I think you just needed to use a little bit of common sense and not be in denial about natural disasters, pandemics, and other catastrophes that can happen and don’t be in denial about how much the government can help you, because when the problem gets big enough the government can’t help.
PETE: Look, for you watching at home…
There is no way anyone can tell you how bad things will get as everything unfolds.
It’s a very real possibility that riots and mayhem will take over the streets like we’ve never seen before.
If you think it can’t happen here, let me remind you that just in the last decade we’ve seen riots in Virginia, California, Chicago, Missouri, Nevada, among many others.
I live in Baltimore, so the images of large crowds rioting and looting are still fresh in my mind.
So, Robert let me ask you this…
The United Nations just warned everyone that this coronavirus could easily threaten global food supplies.
And I’m thinking… if we get some kind of food shortage… combined with massive unemployment…
That sounds like a recipe for massive social unrest, right?
ROBERT: Well, again, you can look at the numbers, the debt to GDP ratios.
But what I’m focusing on right now is the human factor. If we have 30% unemployed, what’s the pain there?
The other thing that Jim was saying about being responsible, when I talked to most of my friends who are well off, they have family members who are not. Do you know what I mean?
They have friends and family who have lost…
Not that they’ve lost it, they have nothing.
So they’re going to depend upon social security and almost nothing else.
And they have highly educated relatives. They have nothing. And so that’s like I said, I started writing Rich Dad Poor Dad because what the school teaches about money.
And so now we’re going to see this price not only in social unrest, but families.
Do you know what I mean? My sister’s a nun. I mean, I don’t expect you to have anything, but this thing’s going to a hospital’s expense and she doesn’t have a house take a vow of poverty.
Well that means I got to take care of her.
And how many people listening to this right now have those people around you that are looking to you for salvation?
So that’s really the social unrest is called love of family and friends and you want take care of them.
PETE: That’s why we’ve prepared a special report that will help you prepare for the worst.
Whether you’re concerned about a criminal break-in or a mob of angry protestors, you deserve to feel safe in your home.
So, we reached out to my friend and ex-CIA operative Jason Hanson…
And asked him for cutting-edge strategies that are designed to keep your family safe no matter the circumstance.
This is a man who served nearly a decade in the CIA and he even won the CIA’s Exceptional Performance Award, not once but twice.
And now he runs a 329-acre facility where he teaches evasive driving, pistol and rifle shooting, intelligence operations, and so much more…
So, needless to say, he’s the real deal.
And he helped us put together a special report called How To Make Your Home Your Personal Fortress.
In this report you’ll discover:
This is just a fraction of the many potentially life-saving tips you’ll find in How to Make Your Home Your Personal Fortress.
You’ll want to share this information with your loved ones and refer to the report on a regular basis during the crisis to ensure your family remains safe.
You see, this situation is developing really fast…
And it’s really not enough to give you all the information and wish you good luck.
What if you had two of the brightest financial minds on your side?
Robert and Jim could be your guide during these difficult times.
That’s why I’m inviting you to take a risk-free trial subscription to Jim Rickards’ monthly newsletter called Strategic Intelligence.
When you do, I’ll send you everything I’ve mentioned so far… for FREE.
Jim’s mission in this monthly research is simple…
To help everyday folks profit from “unthinkable” events and financial crisis.
Every month you’ll get a new issue packed with ideas and strategies that will help you protect and grow your wealth.
Jim will keep you up to date and make sure you know exactly what’s going on during this economic crisis.
Before Jim launched this service, he had only provided this kind of service to his high-net-worth clients and members of the US intelligence community.
But with Rickards’ Strategic Intelligence, you too will have the opportunity to hear his best ideas on an ongoing basis.
We’ve received countless notes from everyday folks just like you telling us how Jim has helped them protect and grow their finances.
Geoffrey C. wrote recently to say:
“Thank you so much for all of the investment analysis you have provided in Strategic Intelligence. I have found that your analysis of the economy and your investment advice stand head and shoulders above the rest.”
Patrick N. also contacted to say:
“I can sleep better at night knowing when the s*** hits the fan, I will be making money and not one of the people scrambling to make it day to day.”
We got a note recently from a reader named Ken F, he writes:
“There are only a couple of analysts I follow who really understand what’s happening and Jim Rickards is at the top of that list. He’s the most intelligent and connected person I have access to. I look forward to each [issue] and find myself in awe of almost every word.”
Then there was the nice note from Bill P. He said:
“I have recommended Strategic Intelligence to my friends and family because it’s information everyone should know about. It’s worth its weight in gold.”
And here’s the best part…
You can take a look at Jim’s research and receive everything I’ve mentioned so far, at no risk to yourself.
Simply take a risk-free trial subscription to Strategic Intelligence, and aside from your 12 monthly issues, I will immediately send you:
That’s a total value of $261. But you can claim all that FREE when you take a risk-free trial.
So, what does it take to get started right now?
Subscription to Jim’s newsletter normally has a published price of $99 for 12 months…
But because of the unprecedented situation we have today with this crisis…
I don’t want price to be an issue.
So today you can take a risk-free trial for half of the normal rate.
In other words, only $49 for the entire year.
And we really don’t want your money if you’re not 100% happy.
When you take a 100% risk-free trial of Rickards’ Strategic Intelligence, we’ll give you six months to test out the service - at no obligation to you.
And if during that trial period you find that you’re not getting life-changing information…
Or for any reason at all…
You can simply call or email our customer service team and cancel your subscription.
We’ll give you a full refund, no questions asked.
And we’ll let you keep everything you received as a subscriber - at no charge.
You can keep all the issues…
You can keep Jim’s book and all the dossiers.
You can keep everything.
This means that there’s no risk to you at all.
You can literally check everything out, cancel the next day, get all your money back and keep everything.
It’s our way of saying thank you for giving Rickards’ Strategic Intelligence a try.
And just to make this a no-brainer for you…
When you take this risk-free trial…
We’ll also include a one-year subscription to Robert’s monthly newsletter, Rich Dad Poor Dad Letter… for FREE.
Over the years, Robert has taken what he’s learned from his Rich Dad…
And built an amazing network of millionaires and billionaires including Donald Trump.
He’s talked about business strategies with successful entrepreneurs and investors like Shark Tank hosts Kevin O’Leary (Mr. Wonderful) and Daymond John.
The Rich Dad Poor Dad Letter is a culmination of everything that he has learned.
And it’s the only place Robert shares his secrets of the rich on a monthly basis.
Robert’s work has helped millions of people on their way to build their nest egg.
Just listen to what some of them are saying about the Rich Dad Poor Dad Letter…
“All my gains have been reinvested to help get to my goals. But now I feel like they are obtainable. I liked the letter so much that I bought several of his books and have now signed up for some if his educational training.”
“An excellent newsletter which has renewed my faith in the possibilities of financial freedom.”
“On all fronts, Robert is a badass! Keep going Robert and team! The world better wake up!”
Normally, folks have to pay id $99 to get access to Robert’s secrets…
But since we want you to be extra prepared for this “Great American Reset…”
We’re going to give you a full one-year subscription to Rich Dad Poor Dad Letter…
Absolutely FREE when you take us up on everything we’ve offer today.
So, you’ll have two of the smartest minds in finance in your corner… guiding you throughout this crisis.
To get started, simply click on the button below.NEXT STEP »
It will take you to another page, where you can review all the details of this offer.
I want to end with the story of James Stockdale, a man who survived 7 torturous years as a Prisoner of War in North Vietnam.
When asked, “Who didn’t make it out of the POW camp?” Stockdale replied, and I quote:
“Oh that’s easy. The optimists. They were the ones who said, ‘we’re going to be out by Christmas.’ And then Christmas would come, and Christmas would go…
And then they’d say, ‘We’re going to be out by Easter.’ And then Easter would come, and Easter would go. And then Thanksgiving. And then it would be Christmas again.
And they died of a broken heart.
“This is a very important lesson…” he continued. “You must never confuse faith that you will prevail in the end with the discipline to confront the most brutal facts of your current reality, whatever they might be.”
We gave you the facts today…
Now it’s up to you to confront those facts.
I’m sure you’ll make the right decision for you and your family.
Click the button below to take the next step.
Jim and Robert, thank you so much for doing this…
I think we all learned a lot about what’s truly happening right now.
Jim Rickards & Robert Kiyosaki