Summary of James Rickards's The New Great Depression

Get the summary of James Rickards' The New Great Depression.

Sample key takeaways:

1. SARS-CoV-2 is a deadly virus more commonly known as coronavirus. The resulting disease from the virus is called COVID-19. Some infections produce no symptoms at all, while others cause lung inflammation, which leads to difficulty breathing and a myriad of other potential symptoms and complications.

2. The pandemic began in Wuhan, China. Like all pandemics, the number of infections began slowly but grew exponentially. By May 2020, the American Enterprise Institute estimated the number of COVID-19 cases in China was 2.9 million. The official figures reported by China are drastically lower but almost certainly undercounted.

3. The virus was spread to Italy by Chinese citizens arriving in Milan for Fashion Week. Italy’s older population and strained medical facilities exacerbated the spread of COVID-19, but unlike China, numbers were recorded accurately, serving as a demonstration of the effects of the virus for the entire world.