Economist's "News and Veiws" Wednesday 10-18-2023
Bail-Ins Will SHOCK The Public | Andy Schectman
Liberty and Finance: 10-18-2023
Bank bail-ins are on the horizon, says Andy Schectman of Miles Franklin. And the public, even investment professionals, "have no idea what's coming for them."
He expects the gold and silver markets will go crazy, since the public will rush into the only assets outside the system that have been wealth for 6,000 years.
Precious metal inventory levels will likely dry up, and premiums of physical bullion will go through the roof
.INTERVIEW TIMELINE:
0:00 Intro
2:30 New normal
9:56 Escalating conflicts
18:20 Dedollarization
24:46 Bail-ins
Peter Schiff: "A STORM Is Brewing" In The US Economy, Those Who Aren't Prepared Would Be WIPED Out
Wallstreet Research: 10-18-2023
Peter Schiff believes that we are not currently in a depression, but he warns that future economic conditions may lead to one.
He argues that depression has been temporarily averted through debt and inflation but emphasizes that these actions have sown the seeds for a future depression.
Debt and inflation have indeed been used to stimulate the economy and prevent recessions, as seen in response to the 2008 financial crisis. Continuous debt accumulation can create long-term economic imbalances and instability, potentially leading to a severe economic downturn in the future.
Schiff suggests that the government plays a significant role in determining how severe this impending depression will be.
He highlights the possibility of worsening the situation with poor monetary and fiscal policies. Government policies, such as excessive spending or failing to address structural economic problems, can exacerbate economic challenges.
History has shown that government actions during economic crises can either mitigate or worsen their severity.
ALERT! Another F@LSE FLAG EVENT HAS OCCURRED. US Manufacturing CRATERS. INFLATION SURGES.
Greg Mannarino: 10-18-2023