The US is Starting to Act like a Banana Republic | The Gold Standard 2325

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This episode of The Gold Standard delves into the erosion of the United States and how the country’s corrosion will impact retirement and your wealth. Hostess Jennifer Horn and her guest Ken Russo, Vice President of the Midas Gold Group, discuss the US increasingly resembling a banana republic. Ken Russo kicks things off by quoting from a recent essay by the Chief Market Strategist for Phoenix Capital Research, Grahm Summers, titled The US Is Now An Emerging Market.

“Historically, the US was held up as the eminent developed nation with strong and stable institutions, the Rule of Law, and a dynamic economy. No longer. It is now clear that many of our most significant institutions in the US are corrupt. I’m talking about 3rd world, banana republic levels of corruption.”

Once hailed for its robust institutions, adherence to the rule of law, and vibrant economy, the United States is now plagued by deep-rooted corruption that rivals third-world nations. From election interference to censorship of free speech, our most critical institutions are mired in malfeasance and double standards. With a once-booming economy, the nation has plummeted into a state of decline, with manufacturing and industry hollowed out, leaving us dependent on foreign regimes, many of whom are hostile towards us. We’ve seen the crippling of labor markets by individuals paid not to work while those who do work lack dedication and pride in their efforts.

As if these issues weren’t alarming enough, the US now finds itself burdened by an astronomical debt-to-GDP ratio and a record-breaking peacetime deficit. The government shows no signs of reining spending, leaving essential infrastructure in disrepair. In light of these developments, it is no wonder that the US dollar behaves like an emerging market currency, raising concerns about its weakening purchasing power and viability as a store of value.

The BRIC nations—Brazil, Russia, India, and China—are emerging economies with significant growth potential and influence on the global stage. This group of nations will work together to sever, in many ways, any reliance on the US. The unification of BRIC nations has implications for your savings and investments. As their currencies gain prominence, it could adversely impact the US dollar as the world’s reserve currency.

Gold is one of those tangible assets known to hold its value. Diversifying investments and savings with tangible assets like precious metals is crucial for several reasons:
1. Precious metals, such as gold and silver, have historically maintained their intrinsic value and acted as a hedge against inflation and economic uncertainties.
2. They offer a tangible form of wealth independent of traditional financial markets.
3. Precious metals provide portfolio diversification, reducing overall risk and potential losses during market downturns.

By including precious metals as a tangible investment, you enhance stability, preserve purchasing power, maintain privacy, and safeguard against the volatility of other asset classes.

During the presentation, Ken shares two bullion products worth knowing about. The Valcambi 50-gram Gold Bar is a premium investment-grade gold bullion produced by Valcambi Suisse, one of the world’s leading and highly respected precious metals refineries. Each bar represents the precision and attention to detail that has earned Valcambi the reputation of producing world-class bullion products.

The bar comprises 50 grams of pure 99.99% fine gold, making it a highly desirable asset for investors and collectors. Its compact size and weight make it an accessible option for those seeking to diversify their investment portfolio with tangible assets. Each Valcambi 50-gram Gold Bar features a distinctive design and a unique serial number, which ensures its authenticity and provides added security. The front side of the bar typically showcases the Valcambi logo, along with essential information such as the weight, purity, and the refinery’s name.

The Valcambi Gold 50 Gram CombiBar is an excellent and highly sought-after investment product offered by Valcambi Suisse. The unique Valcambi CombiBar has fifty individual 1-gram gold squares. Anyone wishing to conduct trade can easily snap off as many sections as they need.

The CombiBar holds significant significance for those looking to hold gold and envisioning its potential future use as money. Its divisible nature allows holders to exchange smaller increments of gold when needed, making it a practical option for potential transactions in a gold-backed economy.
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