Economist’s “News and Views” Saturday 5-4-2024

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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

https://youtube.com/watch?v=xBw0H4Vmfrg%3Ffeature%3Doembed%26enablejsapi%3D1

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.

https://youtube.com/watch?v=nZAR5iQ4DBM%3Ffeature%3Doembed%26enablejsapi%3D1

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….