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Jim Rickards warns of the vulnerability of mid-sized banks to rapid, digitally-driven bank runs, emphasizing the risks posed by high levels of uninsured deposits. He argues that the U.S. economy has been in a depression since 2007, with government debt and monetary policies weakening the dollar's true value. Rickards advocates for gold as a superior form of money and wealth protection, predicting its price will rise significantly as more people recognize its importance in an unstable financial landscape. ----- James G. Rickards is an American lawyer, investment banker, media commentator, and author on matters of finance and precious metals. He is the author of Currency Wars: The Making of the Next Global Crisis and six other books. ----- We own commercial licenses for all the content used in this video except parts about the topic that have been used under fair use and it was fully edited by us. Anything displayed on this channel should not be seen as financial advice. Each person has a unique
