Jim Rickards – What is Coming is Worse than a Recession

The recession was predicted in 2023 and the numbers didn’t confirm this, but Jim says it’s still coming, it’s just taking longer to get here.

World Trade is DECREASING and this ONLY happens in a Recession or worse.

The Gov is putting out numbers that don’t make much sense and doing things that don’t make sense.

Hourly wages going up but fewer hours are being given.

Jobs are increasing but they are part time jobs.

So we are being told a great story but that story has a lot of lipstick on it.

They have given downward revision to the prior months 11 out of 12 months? This is not an accident. This is called manipulation.

Germany and Japan are in the a recession right now. The UK is on the edge. China is on their way to a recession.

Something that just seldom happens is that BOTH the Exports & Imports shrink at the same time. That is the indicator that something bad is on the horizon.

What doesn’t make sense is that for the average everyday person, the prices are still going up and the Fed is saying it has stabilized.

Well, I just saw a post on FB about a guy who ordered the same things from Walmart in 2024 vs 2022 and it was almost 4 TIMES higher in 2024.

How much did they give people on Social Security for inflation? Less that 10%.

So it is always the elderly, disabled and middle class that get screwed. This class will never win with the ones in power.

If people are having to spend almost 4 times more for groceries, that is 4 times less than they would spend elsewhere, so this is alone is a horrible variant to any recession model.

The Federal Reserve are intentional idiots – this was planned decades ago to do this and they act just as all the 3 letter agencies like they are working for the people.

Jim Rickards doesn’t say it, but I will. This is a PLAN. He knows it, he wants to keep his platform. I don’t give a sh*t. People deserve the whole truth.

The Federal Reserve bases everything off what’s called the Phillips Curve which looks at Unemployment and Inflation – the inverse relationship – meaning if unemployment is low, inflation increases and if unemployment increases then inflation decreases.

That model is not accurate. It never has been and they obviously know it.

The plan is to crash everything at once – usually you will have these inverse relations, like stocks go up, bonds go down, stocks crash – commodities like silver and gold go up – they want to crash the prices of everything at once, which has never occurred before. They want their new financial system to be accepted by no choice.

BRICS is not a political union, it is an Economic Union. The idea is to get as many members as possible and to have ONE Tradable Currency so all the countries that are members can trade with each other with the same currency.

What made the US Currency King?

You could spend it ANYWHERE in the world.

So what really is going on?

They are dethroning the King.

The BRICS Nations will be the King as their currency will be traded everywhere.

They have copied the Bretton Woods blueprint.

They have their own IMF and World Bank set up.

They have the National Development Bank of Shanghai.

Jim Rickards says that they don’t want to destroy the US Dollar, they want it around to do their Dirty Work.

What they want is to Free Ride on the US Dollar.

Whatever they choose to call the BRIC Currency, I have heard the Yuan, but they could call it anything they want – 1 BRIC will be equal to a certain amount of Gold – that has not been released yet as to what it will be, an ounce or a gram or whatever.

The Weight of Gold will have Dollar Value base on the dollar gold market value, so BRICS will have a Dollar Value, it just won’t be linked to the dollar, it will be linked to Gold.

If a currency is linked to Gold, what do they want the price of Gold to do?

They want to INCREASE – to go Up.

Bitcoin are like chips in a casino. You can have possession of the chips outside of the casino but you can’t buy anything from them. They have to be converted into US Dollars in the casino. Bitcoin has no use except for gambling Jim says.

He says to buy Gold because he actually sees Deflation coming.

We shall see.

Source: Freenvesting -- https://www.youtube.com/watch?v=1rv8gKaCLZo

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