Fed and Treasury are greatest threats to national security, not Al- Qaeda

Says Jim Rickards, https://moneymorning.com/jim-rickards-coming-great-depression/.

However, I don’t agree that some stupid human miscalculation with
monetary policy will result in a 25-year depression. History has shown that you can restart an economy, basically from zero, in just a few years. Witness Germany and Japan post World War II or China after the conclusion of their Cultural Revolution in 1976.

The only thing that I think could trigger

a 25-year depression would be, say, a
volcanic explosion that created a longterm weather catastrophe like the year
without a summer after Mount Tambora exploded in 1815… https://www.washingtonpost.com/blogs/capital-weather-gang/wp/2015/04/24/the-epic-volcano-eruption-that-led-to-the-year-without-a-summer/

If we had 1 of those a year for 25 years, we’d be in big trouble. 

Or if a big asteroid hit earth… that’d do it.

Some investment advisers, like Eric Sprott shown below, suggest protecting yourself by buying gold. 

I gather Jim likes gold too based on this photo.

Eric Sprott visited Carleton University at the request of the president of that university to celebrate the 10th anniversary of the naming of their business school after him. He took that opportunity to tell 370 members of his audience (including at least 300 impressionable young minds): there has never been a better time to invest in the Sprott Gold & Precious Minerals Fund. 

On the day of his speech, the price of gold was $1,709 per oz. Three years later, it was $1,232.

In case you think I’m picking too short a time period, here’s their 10-year performance:

Draw your own conclusions.

@ quantum_entity