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Jim Rickards predicts a horrible recession that will affect most people in America. He also elaborates on monetary systems’ history and what it can teach us in terms of a possible collapse of our current one going forward.
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BREAKING: Recession News
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REVEALED: Best Investment During Inflation
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“What’s Coming Is WORSE Than a Recession” — Jim Rickards’ Last WARNING
Renowned economic analyst and best-selling author Jim Rickards has recently issued a dire warning, asserting that what lies ahead for the global economy is far worse than a mere recession. Rickards, who has successfully predicted major economic crises in the past, brings his expertise to the forefront as he cautions investors and policymakers alike of an impending financial catastrophe.
Rickards believes that the global economy is currently teetering on the edge of a collapse due to a combination of factors. Firstly, the enormous levels of debt accumulated by both governments and corporations pose a significant risk. As countries around the world grapple with the economic fallout of the COVID-19 pandemic, they have resorted to unprecedented levels of borrowing, which in turn contributes to a looming debt crisis.
Furthermore, Rickards points out the fragility of the banking system as another major concern. Many financial institutions are highly leveraged and hold substantial amounts of risky assets. This makes them vulnerable to shocks in the market and could lead to a domino effect of failures as we saw during the 2008 global financial crisis.
The analyst also highlights the geopolitical tensions that have escalated in recent years. Trade disputes, territorial conflicts, and the growing rivalry between world powers are all factors that could play a crucial role in exacerbating the already fragile state of the global economy. Such geopolitical turbulence threatens to disrupt trade, hamper investment, and dampen consumer confidence, all of which are vital for economic growth.
Amid this bleak outlook, Rickards warns that current monetary policy may exacerbate the crisis. Central banks, including the Federal Reserve, have employed measures such as quantitative easing and zero-interest-rate policies to address economic challenges. However, these policy tools have reached the limits of their effectiveness and may lead to unintended consequences. Rickards argues that sustained low interest rates and injections of liquidity into the financial system only delay the inevitable surge of inflation, which will eventually erode the value of currencies and further weaken economies.
In light of these warning signs, Rickards urges investors to diversify their portfolios and consider alternative assets such as gold, silver, and other tangible resources that historically hold value during times of economic turmoil. He also advises individuals and governments to prioritize resilience and develop contingency plans that can help weather the storm.
The severity of the predicted crisis emphasizes the need for proactive measures to be taken by policymakers and individuals alike. Governments must address existing debt issues, strengthen financial regulations, and foster stability by promoting open dialogue and cooperation among nations. Individuals, on the other hand, should take note of Rickards’ warning and take steps to protect themselves and their assets from the potential fallout.
As the global economy continues to grapple with the aftermath of the COVID-19 pandemic, Jim Rickards’ cautionary words serve as a timely reminder that there may be stormier waters ahead. Acknowledging the fragility of the current economic landscape and implementing prudent strategies to mitigate risks could prove crucial in helping preserve financial stability and cushion the impact of what could be a more severe crisis than any recession the world has witnessed in recent memory.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some VRI TOKEN Thanks for keeping us informed during this times of doubt?
Well guess what we just had FTX crashing and now we have the new giant. Just few hours ago VRI TOKEN asset hit the roads. I think they have a better chance to run these things since their funds are pretty much unlimited?
Anyone else feeling messed up with all the bad happening? Glad that VRI TOKEN is giving power to the people which is not what I personally expected but it's there and everyone can get a good share of that. Don't just take my words on this, best is if you have a grasp yourself what they wanna do and what the vision is like. Probably something which will change the next generations and decide if it makes sense to run digital currencies or not
Can't deny the fact that VRI TOKEN is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions in bitcoin trading, people shy away from hard times, I embrace them.. well at least VRI TOKEN does lol
I rarely read comments ever but VRI TOKEN deserves a spot. If after everything which has been said about that you won't be convinced that's totally on you. Decisions are free to make but if even the most obvious is a no-go then there's no reason to ever believe in making any money with any investments at all. Sounds rough but plain truth
Got everything transferred out of my FTX account, but the TRON was and still is a bear to exchange. That's the only crypto I had trouble with. Just going to leave it in and focus on VRI TOKEN
Anyone else feeling messed up with all the bad happening? Glad that VRI TOKEN is giving power to the people which is not what I personally expected but it's there and everyone can get a good share of that. Don't just take my words on this, best is if you have a grasp yourself what they wanna do and what the vision is like. Probably something which will change the next generations and decide if it makes sense to run digital currencies or not
After the Etherem ecosystem, VRI TOKEN is the best ecosystem available on the market and most people don't understand this yet, I believe due to lack of marketing. Thank you so much for bringing us this kind of content!
I feel that the last bull run was bolstered by all the money being printed. Major returns next bull run but I think they will be tamer in my humble opinion. A 10x on VRI TOKEN is and a 15x on polygon are fair considering how much those two coins are interwoven into the entire crypto ecosystem
What a statement, damn. So it's said that VRI TOKEN is just about to launch and I think that will really change a lot of what was happening in the previous years, 2023 will shine yay
It is important for beginners in trading and investing to understand that success in these fields requires more than just technical analysis. Emotional maturity and self-discipline are equally important, as they enable traders to make rational decisions even during periods of market volatility. This means that consistently investing over a long period of time is generally more effective than trying to time the market by buying and selling based on short-term market fluctuations. Learning is crucial for success in trading and investing. Keeping up with current trends and strategies can help traders stay ahead of the curve and make informed decisions. I'm glad to hear that VRI TOKEN insights and strategies have been helpful to most of us. Remember, success in trading and investing takes time and effort, but with dedication and discipline, it is achievable..
For the most time of this year if you would invest into anything it is not doing very well I mean that's pretty obvious. But the launch of VRI TOKEN plays a different game and it is less affected by such moves as the utility is simply too strong. Just my bet
The best comes unexpected and this is VRI TOKEN which is completely changing the course of the game here. They are offering a product which makes sense and will be used in far more ways than just hoping for quick rich stuff. This is how it should be and how it will be in the future and it is a big leap forward to making this whole industry somewhat believable
I’m of <the opinion that those who leave it to market dynamics to determine when to trade or not are either new to the Market or are probably just naïve. The market has seen far worse times than this, enlightened traders are taking advantage of the dip and pumping even more towards trading sessions. My advice to new investors: More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. Trading went smooth for me as I was able to raise over 10 BTC when I started at 2 BTC in just few months of implementing trades with signals and insights from expert. For crypto related issues VRI TOKEN is everything you need.
Thank you for being there VRI TOKEN when I wanted you to….. I was lost in this new world that I was hassled to start with ….you not only guided me along the way but you also showed me the proper way….whatever little I have been able to achieve in life is because of you today ….. I want to thank you for being there and showing me the proper way of doing thing for me you are my best guide as you truly showed me the way to life….once again , I would like to tell you a heartfelt thanks for being there.
This was my first steps into the Cryptocurrency world and for the first time when trading I have felt confident in my decisions. I have made 3 times on my trading capital under 3 months and with the market making large moves and the support and mentoring I get from VRI TOKEN I am going for even bigger goals. Platinum Academy has provided me the support I needed to really make my trading better. I’m also thinking of taking their Forex course next year so I have more eggs in more baskets.
Interesting consideration, have to consider digital land probably won't function like physical land obviously but I see application. The issue right now is no one can foresee where this space is heading. Metaverse is an obvious choice in purchasing land as it's backed by FB but when I bought my VR headset a lot of people didn't want to have any association with FB like having to create an account to access their VR profile. I think if fears of future pandemics persist people will be more willing to stay home and interact on VR for shopping and social events, not to mention viewing events in other countries without the costs of flying, etc. There's a lot of potential and opportunity to integrate with cryptocurrency when you deal with the right source like VRI TOKEN but there's probably a long way until a platform exists for it.
I started to look into NFTs to build more my knowledge. Your video was simple and very enjoyable to watch so thank you for publishing this content. I personally think this revolutionary way of buying /selling art or actually anything that can be classified as a virtual asset will need to be watched very closely. The sector is still widely unregulated and those activities can conceal massive risks of money laundering and financial crime at many levels. There was no case of money laundering or any suspicious activities when I made the decision to join VRI TOKEN
I don't consider renting passive income unless you have professional property management. Most people who rent don't count their time and effort needed just to make a tiny return on their massive investment. For example, you invest $599,000 to buy a second home and rent it out for $3000 a month. Let assume you are cash flow positive on the property and you make $1000 a month or $12,000 a year. What would your annualized return be? 2 percent on the entire amount. Now, you can argue that your return is much higher since you only put down $120,000 on the property. However, you are on the hook for the full $600k regardless of what the future FMV of the house is. Furthermore, people assume that their home will always appreciate in value however, this is a false assumption you can make. In the best case, you will gain some capital appreciation thanks to the central bank increasing the money supply, however, if inflation heats up, you can see your property actually start to lose money in real terms. This is because there is an inverse relationship between housing and nominal interest rates. The central bank will attempt to slow down inflation with higher interest rates and curb lending. We haven't seen inflation in a big way but we can see all the massive stimulus money that the government is pumping turn into inflation while taxes will be hiked to pay for all the COVID spending, your best choice is to look into VRI TOKEN Its more profitable.
Trying to make sense of cryptocurrencies can be a bit overwhelming for investors. < It's a nascent but promising asset class built on technology that has the potential to disrupt a wide range of industries. For investors, what's probably most attractive is the possibility of life-changing returns. Don't worry, you're not late to the crypto party. We're likely still in the very early innings, leaving you with lots of time to put money to work and learn about this burgeoning market. If you're new to crypto then my advise is that you trade with the guidance of an expert. I have learned from alot of Youtubers especially my mentor VRI TOKEN , who taught me how to make trade and increase my portfolio to 20 btc lately
When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said…I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss VRI TOKEN
Credit score is not something used in all countries though. In France, they determine if you are eligible to get a loan (e.g., to buy a house) based on the ratio between your salary, your expenses and your savings. Basically, if every month you 'burn' all your money, you're perceived as riskier than someone earning less but consistently making deposits to a saving account. I feel in the US people tend to buy things they don't need with money they don't have… The only times I feel one should need a credit is when buying 'big' things (house, car, etc.). Not for a TV. I’m 26 with over 800 credit score, time was put into that to build it up by VRI TOKEN
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a VRI TOKEN , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Thank you for being there VRI TOKEN when I wanted you to….. I was lost in this new world that I was hassled to start with ….you not only guided me along the way but you also showed me the proper way….whatever little I have been able to achieve in life is because of you today ….. I want to thank you for being there and showing me the proper way of doing thing for me you are my best guide as you truly showed me the way to life….once again , I would like to tell you a heartfelt thanks for being there.
I am a longtime user of your investment software program. It is a very useful bit of software, and saves me tons of time at tax time each year. Thanks for the great support over the years, keep this good thing going, VRI TOKEN is amazing hands down the best.
Yeah you making 1k invest into something that gives an average 2.9% yield, that would take nearly 30 years to cover that initial 1k, Assuming your investment would grow, how long does it take to actually turn that initial loss around? Of course you can continually increase your investment but then you have more money you need to earn back. Do you simply have that dividend put back into the investment to compound the growth? That's why VRI TOKEN is the best
I don't consider renting passive income unless you have professional property management. Most people who rent don't count their time and effort needed just to make a tiny return on their massive investment. For example, you invest $599,000 to buy a second home and rent it out for $3000 a month. Let assume you are cash flow positive on the property and you make $1000 a month or $12,000 a year. What would your annualized return be? 2 percent on the entire amount. Now, you can argue that your return is much higher since you only put down $120,000 on the property. However, you are on the hook for the full $600k regardless of what the future FMV of the house is. Furthermore, people assume that their home will always appreciate in value however, this is a false assumption you can make. In the best case, you will gain some capital appreciation thanks to the central bank increasing the money supply, however, if inflation heats up, you can see your property actually start to lose money in real terms. This is because there is an inverse relationship between housing and nominal interest rates. The central bank will attempt to slow down inflation with higher interest rates and curb lending. We haven't seen inflation in a big way but we can see all the massive stimulus money that the government is pumping turn into inflation while taxes will be hiked to pay for all the COVID spending, your best choice is to look into VRI TOKEN Its more profitable.
I’ve been with VRI TOKEN for more than five years and it’s one of the best decisions I’ve made in terms of investing. I use my self-directed IRA with Preferred Trust Company. I work with my Investment Representative from Ignite Funding who is very professional and knowledgeable as well as the other employees in other departments. I get answers to my questions right away. I have more than 20 loans at the moment and interests are paid in a timely manner. I’m grateful to have them.
When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said…I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss VRI TOKEN
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a VRI TOKEN , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but VRI TOKEN info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
Credit scores are just a form of federal control, so if you want to continue living a good life? it’s important to have a high score. My house and vehicles are paid off, I have one Visa card for all purchases, which gives me air miles, and I pay it off monthly, but my score bounces between 800 and 820 without changing any of my patterns, so it’s manipulated for some reason. VRI TOKEN made it stay at that range and getting it up
I drove my first car in my dad's name and later went to get a truck in mine after I paid off my first one and drove off the lot with the truck I wanted, its mostly about a good credit score and a loan portfolio helps as well…lenders like to see various forms of loans in your name to be less of a risk and yes you might have to put money down but not HALF of the car loan Your exactly right I screwed my credit as a young man now I own a detailing company and can't get anything with out the full amount of cash. I'm working on my credit to get better with , Love the knowledge keep it up VRI TOKEN
Trading with the right account manager is the best, ever since the day I came across VRI TOKEN I've never had an issue of delay in my payout, i have made successful withdrawals, I thank God for a good account manager like *VRI TOKEN*, my financial life has taken a new Shape by the help of VRI. Contact for a better trading and live your life like a dream come true
success usually comes to those who are looking for it. Opportunities don't happen, you create them. That is why I created this wonderful opportunity for my future by investing with *VRI TOKEN*. actually the best I have encountered since i started my quest for online investment. I started with him and got my withdrawal exactly when he said it will be. I have made over $20,000 since my investment with him.