What Are The Rich Doing With Their Money?
John feels the global economy is slowing down dramatically.
The rich see this and fully expect sovereign nations to attempt to "print their way out" by debasement and policies of Financial Repression.
As a consequence the "Rich" are taking knowing actions to protect their wealth.
"The rich have way more money than they know what to do with even in a deflationary world and are buying shiny baubles at any price just to get out of their financial assets."
They are getting out of paper and moving to hard assets that have an intrinsic store of wealth.
A world with both inflation and deflation at the same time, seems to violate most economic theories and probably can't be sustained.
How does it resolve?
Join John and Gord in this 30 minute discussion on what this means going forward.
Video: What Are The Rich Doing With Their Money w/John Rubino