Economist’s “News and Views” Saturday 5-4-2024
“Extreme” Times Right Now, Worse than 1970s, Dollar Collapse is Next
ITM Trading: 5-4-2024
John Rubino, former Wall Street financial analyst, author, and founder of DollarCollapse.com, sounds a stark warning: 'People who are hurt by the inevitable results of this process are the ones who trust the government.'
In his sobering analysis, he outlines a bleak future for the U.S. economy, where mounting debt and escalating interest costs cripple the government's ability to provide for its citizens.
The repercussions? A widespread suffering for those dependent on government aid.
Rubino points to Japan's struggle with a plummeting yen and soaring interest rates as a cautionary tale of the perils of unchecked debt.
In the face of such financial uncertainty, he urges individuals to safeguard their assets by investing in gold and silver.
CHAPTERS:
00:00 Dollar collapse
4:00 U.S. dollar reserve currency
6:22 Economic repercussions
9:59 Gold reserves
13:54 China gold purchase
15:44 Japan’s trouble
18:04 Consequences of trusting the government
21:31 Gold 27:18 Housing purchasing
29:09 Concluding words
Banking Crisis: Is Your Money Really Safe? What No One Tells You About U.S. Banks
Kitco News: 5-4-2024
Is your money really safe in the U.S. bank? Andrew Henderson, founder of Nomad Capitalist, tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, that U.S. banks are not in the top 10 or even the top 40 list of the world’s safest banks.
Henderson explains why and provides a list of the safest banks in the world.
He also dives into the Nomad Capitalist philosophy and the best ways to diversify with a global citizen portfolio.
The Next Great Financial Crisis Is About To BEGIN (Just Like In 2008
Lynette Zang: 5-4-2024
Here is a breakdown of the Debt bubble disaster. Is this similar to 2008? Maybe it is and maybe it's much worse....