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This compilation of financial-related insights includes videos from Heresy Financial, Stansberry Research, Lena Petrova, and Steven Van Metre.
Heresy Financial explains how things look right before a depression starts. Dan and Corey are joined by renowned economist Jim Rickards on Stansberry Research to discuss why the expansion of BRICS won’t be the end of the Dollar. Lena Petrova reports on the banking crisis with hundreds of banks facing massive deposit outflows. Steven Van Metre talks about the economic nightmare starting to hit small businesses.
Heresy Financial
Oct 2, 2023
This is What it Looks Like Right Before a Depression Starts
Stansberry Research
Oct 2, 2023
On this week’s Stansberry Investor Hour, Dan and Corey are joined by renowned economist Jim Rickards, who details his illustrious career, the development of the BRICS currency, and its potential ramifications for the global monetary system. But first, Dan and Corey kick off the podcast by discussing store closures, Amazon’s monopoly allegations, and commercial real estate’s decline. (00:41)
Next, Jim joins the conversation to share some of what he has learned during his storied career, specifically from being the general counsel on a hedge fund’s $3.6 billion rescue deal. He also explains why he grew dissatisfied with risk management and how he became one of the first in finance to use “complexity theory.” (20:06)
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Dan then steers the conversation to the BRICS initiative – i.e., the five countries’ goal to create an alternative currency that will challenge the dominance of the U.S. dollar. Jim explains the origins of BRICS, highlighting how they have created financial institutions similar to the World Bank and the International Monetary Fund. (33:31)
Jim stresses the significance of the BRICS currency, as it would facilitate trade among member nations without the need to rely on the U.S. dollar. However, Jim emphasizes that a BRICS currency should not be interpreted as the end of the U.S. dollar’s reign. Rather, it would be a formidable competitor in the global currency arena. (41:41)
Lena Petrova, CPA – Finance, Economics & Tax
Oct 2, 2023
THE BANKING CRISIS IS BEGINNING: Hundreds of Banks Face MASSIVE Deposit Outflows, BILLIONS In Losses
Steven Van Metre
Oct 2, 2023
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Economic Nightmare Hits Small Businesses (And Why Few Will Survive It)
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