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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!

https://www.youtube.com/watch?v=5gYv2GYhbYY

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LIVE! WE ARE IN A FULL-ON DEBT CRISIS... THE "LINE IN THE SAND" HAS ALREADY BEEN CROSSED.

Greg Mannarino:  10-29-2024

https://www.youtube.com/watch?v=m3ePgFg_a1M

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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

https://www.youtube.com/watch?v=wKSwR-R2mro

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