Podcast Interview with Eric King of King World News and Dr. Stephen Leeb, Ph.D.
On the heels of the Dow tumbling more than 900 points to close out the week, Dr. Stephen Leeb just warned investors to get ready because massive amounts of helicopter money are about to be dropped and it will impact every market, including gold.
Helicopter Money Drop
March 21 (King World News) – Dr. Stephen Leeb:
“This is not a lion charging toward us but we are reacting as if it is. We are putting more stimulus into the system right now than we did, by far, in 2008-2009. And incidentally, in 2009, that was when we were coming out of the Great Recession, and there was a pandemic then that killed a lot of people. It didn’t stop us from getting out of the recession, even though we had other problems. We had problems with our banks. So far, our banks seem fairly solid.
Now the message here is that when the economy starts to recover because of the massive amounts of (helicopter) money being handed out, $1,200 to every adult — that’s just one of the things we are doing — we are going to spend trillions trying to solve a problem that never should have been a problem in the first place…there’s too much of a chance that gold will go through $1,900, and who knows where the next stop will be? It could be $3,000, $4000, $5000…To continue listening to Dr. Stephen Leeb discuss the Coronavirus panic in global markets, helicopter money about to be dropped, why gold is headed way beyond the 2011 all-time high and much more.
AUTHOR…INVESTMENT ADVISER…MONEY MANAGER
Stephen Leeb is a prolific author, investment adviser, and money manager who has been analyzing financial markets for more than 40 years. He is known for his prescience in connecting the dots among hidden or overlooked trends – macroeconomic, scientific, and geopolitical – and accurately describing the investment implications, often going against the conventional wisdom. He is the author of nine books on investing and geopolitical trends including his most recent book, China’s Rise and the New Age of Gold: How Investors Can Profit from a Changing World (2020, McGraw-Hill Education). He is founder and editor of the award-winning investment letter The Complete Investor, published by Capitol Information Group, a Washington, D.C.-based financial publisher. Stephen is chief investment officer of his own wealth management firm based in New York City.