Economist’s “News and Views” 10-29-2024
BIS Threatens To Shut Down BRICS Project mBridge
Arcadia Economics: 10-29-2024
Just days after the BRICS Summit was completed, Bloomberg now reports that the BIS is threatening to shut down the mBridge cross-border payment platform.
Or at least attempt to.
Vince Lanci explains why they're doing that now, and whether they'll be able to succeed. As well as the implications for what the move implies.
To find out more, click to watch the video now!
LIVE! WE ARE IN A FULL-ON DEBT CRISIS... THE "LINE IN THE SAND" HAS ALREADY BEEN CROSSED.
Greg Mannarino: 10-29-2024
Jim Rogers: We’re Staring at History’s Greatest Recession; Numbers Are Staggering
Daniela Carbone: 10-29-2024
“America has gone the longest in our history without a recession. History would say we're getting closer to a problem,” warns legendary investor Jim Rogers, chairman of Beeland Interests and co-founder of the Quantum Fund and Soros Fund Management.
Speaking with Daniela Cambone, Rogers highlights the mounting U.S. debt as a path to financial danger, predicting that “the next bear market has to be very serious… and printing money is not going to solve the problem.”
He warns that persistent banking sector issues could trigger a domino effect across currency, investment, bond, and stock markets, calling it potentially “the worst in my lifetime because the debt is so much higher compared to 2008.”
CHAPTERS:
00:00 US economy overview
2:57 Fed
5:30 Stock market
6:31 Trump’s income tax rhetoric
8:06 US debt
10:09 US default on its debt
10:53 BRICS
13:16 BRICS currency
14:21 US banking sector
16:01 Gold and silver
17:40 North American investors’ appetite for gold
19:05 Bitcoin
19:55 How should investors prepare
21:58 US dollar
23:09 Gold confiscation
24:10 Jim’s advice