Topics Include: *New Book under development on the Pandemic and Depression *Why Scientists without expert knowledge of the economy may not be the best source for determining economic policy *Why discernment of the various views of scientists with opposing views on how to deal with Coronavirus is important *Unemployment Claims have exceeded 38m in the US *There has never been a time when the stock market does not accurately reflect what is happening in the real economy *S&P 500 is a cap weighted index where a few major companies dominate the index. Major companies which are doing well do not reflect the stock market as a whole or the rest of the economy *Algorithms that decide the majority of trading in markets today were written before the Pandemic *Deflation, Inflation, Hyperinflation *The psychology of inflation and what leads to increase of velocity of money - quantity theory of money versus phase transitions in psychology *In a deflationary environment where the Fed has printed close to $10T but still cant get inflation leaves one tool left in the toolkit.. raising the price of gold *Raising the price of gold would require open market operations in gold - Fed printing money to buy gold or to sell gold in order to maintain a specific price range measured in USD *Raising the price of gold as a tool to get inflation in the USD during prolonged and massive deflation is not a theory, it has been used in the past *Expectations of continuing deflation in the short to mid term, but inflation must be created, the trick for the Fed is making sure it sticks the landing *Scenarios for gold price and inflation numbers if the Fed overshoots and ends up with higher inflation than it wants *Censorship and deplatforming of people from major media platforms such as YouTube and Twitter *The polarization of views of people around the world in terms of freedom vs authoritarian approaches to governance, and where it is leading *The “inner fascist” - #NeoFascistGene *Essential versus Nonessential Businesses and Occupations *United States Code: Law enforcement officers, judges, public officials violating Constitutional rights under color of law versus emergency powers granted during threats to national security *Reparations for China such as seizing/cancelling UST’s or delisting Chinese company stocks on US exchanges *Will reparations move the US and China closer to kinetic warfare

Topics Include: *Opening salvos of Global Financial Crisis II (GFCII) *The entire precious metals complex (gold and silver) has been cleaned out globally *The best time to act has past, now is the second best time to act *The global run on precious metals is probably less than 5% of the population, when the majority catches on to damage done to USD the demand could be historic *Price dis-connect between paper and physical gold price *How price discovery in the gold market is resolved *What happens when the Swiss refineries open again *The effect of key relationships with Swiss refineries on access to gold and silver *Mining output dropping due to mines getting shut down reduces available supply of gold *US Unemployment Claims hitting record levels, 3.28M claims in one week *Fed injecting capital into system trying to prevent liquidity freezes (Ice-9) *Why we are entering the next Great Depression *In comparison, during "The Great Depression" Dow Jones dropped 89% *The Great Depression played out over 3 years, we are a third of the way there in 3 weeks *Consequences of Supply Chain Shutdowns *Why the US could lose up to 50% of its economic output by the end of the downturn *The social and political consequences of QEternity *What happens when complex systems collide *Regarding mass migrations and unrest, watch South Africa and Mexico *Full Spectrum Warfare - Financial, Biological, Cyber, Social Engineering, Kinetic *What are the chances we will see kinetic warfare *Why China could be eyeballing Taiwan during the crisis *How the Covid-19 numbers out of China are questionable *CARES Bill - Whats in it *Whats happens to gold if we see massive deflation (Great Depression II) *The two ways gold is revalued in a massive deflation *It took 25 years for US markets to recover from the Great Depression *Jim: "Be wary of suckers rallies" *Practical things people can do during this crisis *Spoiler - Jim's new call on the US Presidential election and how the crisis has changed the probabilities

Topics Include: *The most important event of 2019 and how it will impact the future *Why the surge in repo rates from Q4 last year was the beginning of QE4 *Why the Fed is now backed into a corner *How Fed tools may now be less effective *Forecast of US Presidential Election for 2020 *War on Cash *Fintech/Blockchain disrupting traditional financial business models *Central Bank Digital Currencies *Facebook's upcoming payments system Libra

http://physicalgoldfund.com/Download/Audio/TGC-December-2017.mp3 The Gold Chronicles Podcast December 2017 topics: *Year in Review 2017 *Wealth Gap – Top 1/10th of 1 pct control more wealth than the bottom 90 pct *Average incomes declining over close to 40 years *Transcending partisan politics to understand how the system is inherently advantaged or disadvantaged for some and how it affects societal stability ... Read moreThe Gold Chronicles Ep:79 Jim Rickards and Alex Stanczyk

Topics Include: *Year in Review 2017 *Wealth Gap – Top 1/10th of 1 pct control more wealth than the bottom 90 pct *Average incomes declining over close to 40 years *Transcending partisan politics to understand how the system is inherently advantaged or disadvantaged for some and how it affects societal stability *How societies deal with these kind of structural imbalances *Financial system stability as a function of scale *What institutional investors focusing on liquidity as a due diligence priority may be implying about the views forming on systemic stability *Why the system still has not de-levered since the the 2008 GFC, and how risk it is even more concentrated today *Fed policy update and implications for 2018 *Why avoiding a disorderly stock market decline is now being considered in Fed policy *North Korea Update *Secret US Weapons Programs: Waverider, Nap of the earth microwave systems *Update on financial system lockdown, Ice-9, war on cash / war on gold

The Gold Chronicles Podcast November 2017 topics: *Understanding golds utility value *First Principles regarding gold *How wealth is created *Why wealth can also be viewed as energy *Defining money *How money is a form of storing energy (wealth) *How investments also store, but also leverage energy (wealth) *Basic energy inputs which create a good or service that the market will pay for can all be calculated mathematically *Gold is the only form of money or investment that is indestructible and completely immune to the forces of entropy *How confidence and agreement is a key component of money *Summary of theories of intrinsic value (total inputs), Marxist surplus labor theory, Menger's subjective value theory *Subjective value leads us back to confidence as a key component of money *Why central banks are accumulating and stockpiling gold *Greenspan on gold *How to create your own personal gold standard *Australia's institutional market warming to gold *Probability of Fed interest rate hike in December update *Power consolidation in the House of Saud

Topics Include: *Understanding golds utility value *First Principles regarding gold *How wealth is created *Why wealth can also be viewed as energy *Defining money *How money is a form of storing energy (wealth) *How investments also store, but also leverage energy (wealth) *Basic energy inputs which create a good or service that the market will pay for can all be calculated mathematically *Gold is the only form of money or investment that is indestructible and completely immune to the forces of entropy *How confidence and agreement is a key component of money *Summary of theories of intrinsic value (total inputs), Marxist surplus labor theory, Menger’s subjective value theory *Subjective value leads us back to confidence as a key component of money *Why central banks are accumulating and stockpiling gold *Greenspan on gold *How to create your own personal gold standard *Australia’s institutional market warming to gold *Probability of Fed interest rate hike in December update *Power consolidation in the House of Saud

The Gold Chronicles Podcast October 2017 topics: *Bullion Bank Scotia Mocatta *How the Chinese are assembling strategic LBMA and Gold industry focal points of control *Allianz Chief Economic Advisor Mohamed El-Erian on gold *Why Central banks cannot control market volatility forever, and gold will return as a key safe haven hedge *Currency Market Volatility *Typical institutional ... Read moreThe Gold Chronicles Ep:77 Jim Rickards and Alex Stanczyk

Topics Include: *Bullion Bank Scotia Mocatta *How the Chinese are assembling strategic LBMA and Gold industry focal points of control *Allianz Chief Economic Advisor Mohamed El-Erian on gold *Why Central banks cannot control market volatility forever, and gold will return as a key safe haven hedge *Currency Market Volatility *Typical institutional portfolio allocations in gold *Why increased weighting of institutional portfolios to gold could have an impact on USD gold price *Janet Yellen's Legacy *20pct Chance of a Fed Rate Hike in December, market is currently pricing in an 80pct chance of a rate hike *How the Fed is making decisions based on broken models *Next pick for Federal Reserve Chairman *Analysis of 6 hrs spent with HR McMaster, US National Security Advisor to the President, and Mike Pompeo, Director of the CIA on topics of US National Security *Determining probability of a kinetic war with North Korea *Key quotes "Prevent...by military means if necessary", "last chance to avoid severe consequences", "we are running out of time", "accept and deter, is unacceptable" *20pct Probability of Regime change in NK, 20pct Kim Jong-Un backs down, 60pct United States goes to war *Inside view of Trump – good or bad decision maker

The Gold Chronicles Podcast September 2017 topics: *Counter Party Risk Evaluation *Training with Navy SEAL’s *Comparing mountain climbing to a counter-party risk chain *How gold helps mitigate counter party risk *Scenarios under which paper gold may not perform as intended *North Korea Update *Analyzing likelihood of war using Bayes Theorem *Why Kim Jong-Un is pursuing ... Read moreThe Gold Chronicles Ep:76 Jim Rickards and Alex Stanczyk