Many analysts are expecting a recession soon, but Robert Kientz says what’s coming is not ordinary recession. Instead, he sees that the U.S. dollar-based system is coming to an end. Dedollarization is accelerating, and the East is setting up new payment systems. Amid these changes globally, there is a growing move into gold, even by the next generation is jumping in.
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
No, It’s Going To Be Much Worse
By Robert Kientz
The global economy is on the brink of a recession. The signs are undeniable, and experts are warning that what lies ahead may be much worse than what we witnessed during the 2008 financial crisis. As the world grapples with the ongoing COVID-19 pandemic, the stage is set for economic turmoil of epic proportions.
The pandemic has brought economic activity to a grinding halt in many countries, with businesses shutting down, millions of jobs lost, and consumer confidence plummeting. Governments worldwide have been forced to implement strict lockdown measures to contain the spread of the virus, resulting in a sharp decline in economic output. This unprecedented situation, coupled with the fear and uncertainty surrounding the virus, has created the perfect storm for a severe recession.
One of the major factors contributing to the severity of this impending recession is the interconnectedness of the global economy. Unlike previous recessions, where certain regions or industries were affected more severely, this time the entire world is feeling the impact simultaneously. Global supply chains have been disrupted, causing shortages of essential goods and stifling manufacturing. Travel and tourism, one of the biggest contributors to many economies, have come to a standstill. In addition, the crisis has resulted in a sharp drop in oil prices, further destabilizing economies heavily dependent on the energy sector.
Furthermore, governments have been forced to implement massive stimulus packages in an attempt to shore up their economies and prevent a complete collapse. While these measures may provide temporary relief, they come at a high cost. Countries are racking up trillions of dollars in debt, which will have long-term consequences. The burden of this debt will be passed on to future generations, hindering economic growth and stability.
The social impact of this recession is also significant. As businesses continue to close and unemployment rates skyrocket, millions of people will face dire financial circumstances. The most vulnerable in society will be hit the hardest, widening the wealth gap and exacerbating social inequality. This will inevitably strain social safety nets, increase crime rates, and lead to political instability.
It is crucial for governments, policymakers, and businesses to take proactive measures to mitigate the effects of this impending recession. They must focus on preserving jobs, extending financial assistance to struggling businesses, and investing in infrastructure projects that can boost economic activity. Transparent communication, sound fiscal policies, and international cooperation will be crucial in navigating this challenging period.
The road to recovery will be long and arduous, but it is essential to learn from the mistakes of the past and embrace innovative solutions. Governments and businesses must be prepared to adapt to the changing economic landscape and invest in industries that will drive future growth, such as renewable energy, technology, and healthcare.
While the situation looks grim, it is not entirely hopeless. The world has shown resilience in the face of economic adversity before, and with concerted efforts and a collective determination, we can weather this storm. However, it is imperative that we acknowledge the severity of the situation and take immediate action to mitigate the potentially devastating consequences of this looming recession.
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'They' KNOW the dollar will not survive.
'They' INTEND for BRICS-brokerage to be the replacement, via IMF or world bank.
I'm sure a few of the younger generation will see the value of precious metals investing as there's always an exception to the rule. Though many are rather turning to cryptos from my own experience. Heck I barely caught on into my 30's after watching my father collect & stack. They've made it so much more appealing with so many art bars and coins now to draw them in.
Hi, this is just alg food I keep telling my friends about precious metals like the girl Darla in the movie finding Nemo shaking the bag with Nemo and asking him. Why is he sleeping?
This guy has been wrong for as long as I can remember.
If I recall correctly there are more than 50 million Americans receiving SNAP assistance. Imagine these people were standing in “bread lines” to receive food from the government. Would that look like a depression? Government has gotten wise to conceal economic reality. Thus doesn’t even include the other various government assistance being received by 10s of millions of citizens. My guess is that it’s worse than the Great Depression in many ways but it’s concealed by covert benefits and credit cards. The wall is coming into view.
You don't have this many stores closed, this many getting unemployment, this high level of credit card debt, and get to call it just another recession.
This should not be a surprise to anyone, as empires throughout history rise and fall.
stunning video and thank you for breaking it down!! Saving your money and Investing it into the stock market or something profitable, will be the wisest thing to do, to ensure success..
Waiting on the American people? That’s hilarious! Don’t hold your breath, they won’t wake up until they’re starving, by then it’s too late!
Will the news channels follow this BRICS meeting in August. It is staggering to consider the economic impact of the BRICS countries. More staggering should this new currency be backed with gold. The US government is crashing its own US Dollar currency with sanctions.
If I'm not mistaken australia has a lot of rare earth metals too…..China does not control everything . They steal most things….
Paranoia is great for the gold and silver sales business.
There is no free market so fundamentals don't matter. Only the fed providing liquidity matters.
If digital currency catches on the same way social justice did, we’re fucked!
GREAT JOB MEN THANKS
REMEMBER WHEN GEORGE H.W. BUSH SAID"IF THE AMERICAN PEOPLE KNEW WHAT WEVE DONE THERE WOULD BE A REVOLUTION TOMORROW"? WTF DO YOU THINK HE WAS TALKING ABOUT? WERE HERE BECAUSE OF THE ELITES" TREASONOUS ACTIVITIES……..THEY WILL PAY IN THIS LIFE OR THE NEXT….BASTARDS
People on here keep crying about a depression. Never going to happen.
If you want to know what the fed is going to do just think of the worst thing they can do to the economy and that is what they will do destruction by design
I can't wait to see what the brics nations meeting unveils to crush the US dollar. It's weird how I'd be hoping for a real gold backed currency from our enemies????
Stack Au Ag Cu/Zn Pb and $$
Well… when we did nothing as a collective, letting this hostile takeover of our freedom and rights, we have allowed and accepted our destiny. So brace for impact. Laziness is good but it has a price. Soft people create hard times.
This is by far the best explanation I have heard as to what is happening. Brilliant.
We are now in Fascism in the west…. Nothing but a manipulated bunch of criminals in control since we have invited private central banking into the west.
Best Economic Video on YouTube.
LOL we have never recovered since the Plandemic… This is designed for the great reset…
All a movie, it’s China’s turn to be the world reserve currency…digital yuan backed by the digital sdr.
If you deprive a military of resources they will attack. US deprived Japan of oil – that is why Japan attacked Pearl Harbor. China is in a pickle, if they cut off the US they starve themselves, also. The only reason China controls rare earths is because the US does not allow anyone to mine anything in the US – that will change when the fascists realize they must have the resources or bow to China.
Just because politicians are installed in office by election fraud doesn't mean they are smart.
The Fed is doing its best to time the interest rate cuts, so that they occur next year, when the Presidential election campaign is in full swing.
Like Jim Rickards has said, the dollar won't disappear, but it will be vastly reduced to the importance of, say, the Mexican Peso. Ouch.
yes. i think that. the ordinary people are innocent. same in my country [UK].
I work for a military contractor. And Robert hits the nail on the head about China owning rare earth minerals. They are in a lot of US Military components.
Excellent description of the situation we're facing. The inter-twining of the Keynesian economic debacle and new socialist American government has been suicidal. As Robert said, this approach has "always" failed miserably. Turning away from God and his authority over our personal lives came first. All the evil that's followed was inevitable. Restoring that relationship is the only answer.
Ha! The American people will never go to there government and tell them they have had enough. Come on man!
Inflation: certain foods I've been buying are literally double what they were eight or nine years ago. Once inflation happens, it's never coming back down. … foods that should be at standard sizes, pints & pounds are now on odd ounce sizes. 52 oz "half gallons. 8.5 oz boxes of crackers. 10.8 pounds of coffee. All a distraction in a world of ever worsening math skills. Shrinkflation.
We were 48 hours and 200 miles from removing an “R” from this BRICS acronym…
The system is never coming down – it is too held up behind the scenes – This religion had no god.
End times folks. Read your holy books. Any of them. The New Earth is imminent