PODCAST: Are We Heading for Another Great Depression?

As the global economy grinds to a near halt amid the coronavirus pandemic, is an economic depression now inevitable? Economist Jerry Robinson examines the evidence and weighs in.

• In the Great Depression, the highest unemployment was around 25%
• The economic and health impact of the coming global tsunami
• The corporate media’s handling of the coronavirus pandemic has been as bad as the Federal government’s response
• Our polarizing “democracy”
• Let’s teach our children about the basics
• We tipped off our members about the recent crash (how to become a part of our community)
• Exposing the fake capitalism vs socialism debate in America

In this segment, Jerry is joined by returning guest and popular financial author John Rubino for a discussion of our unprecedented times.

• Are we really living in “the greatest economy ever”?
• The economy will shrink dramatically and it will take awhile to come back
• Two Titanic forces: A natural disaster + unlimited currency printing presses
• The amplitude of the booms and busts is getting bigger
• A monetary reset may be good for the economy
• The downside of globalization – where do we go to hide?
• Perhap it’s time to reinstate the gold standard
• The crucial importance of diversification in a currency crisis

Jerry closes out today’s show with a thought-provoking question, especially for the world’s perceived “rich” Americans.