David Morgan - The Next Global Depression

 

What’s Coming Down is Pretty Scary | David Morgan

Liberty and Finance, Released on 11/16/20

​Renowned author and metals market & mining analyst, David Morgan, returns to Liberty and Finance / Reluctant Preppers to give us his studied perspective of the post-election plight of freedom in our country, and a seasoned look ahead to how the coming financial volatility will impact the lives of ordinary people.

Morgan answers several viewers’ questions, including strategies of making those tough life decisions surrounding strategic relocation, and holding metals vs. starting a business or buying real property during this new land rush – while it’s still available.

David Morgan is a world-renown precious metals aficionado. 

T

he world is confused and frightened. COVID-19 infections are on the rise across the U.S. and around the world, even in countries that once thought they had contained the virus. The outlook for the next year is at best uncertain; countries are rushing to produce and distribute vaccines at breakneck speeds, some opting to bypass critical phase trials. Meanwhile, unemployment numbers remain dizzyingly high, even as the U.S. stock market continues to defy gravity. We’re headed into a global depression–a period of economic misery that few living people have experienced.

We’re not talking about Hoovervilles. Today the U.S. and most of the world have a sturdy middle class. We have social safety nets that didn’t exist nine decades ago. Fortunately, that’s true even for developing countries. Most governments today accept a deep economic interdependence among nations created by decades of trade and investment globalization. But those expecting a so-called V-shaped economic recovery, a scenario in which vaccinemakers conquer COVID-19 and everybody goes straight back to work, or even a smooth and steady longer-term bounce-back like the one that followed the global financial crisis a decade ago, are going to be disappointed.