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The Next Black Swan? Expert Warns of an Economic Crisis that Could Strike Without Warning
“I think we are at peak dollar... But it’s not something that’s going to happen overnight; it will take decades to unfold,” says Clive Thompson, retired managing director of Union Bancaire Privée in Switzerland. In an interview with Daniela Cambone, Thompson delves into the dangers of the insurmountable debt burden facing the U.S. economy. “The real debt will be more than double what it is today. And the interest being paid on that debt is probably going to be four or five times what it is today,” he warns, painting a sobering picture of the future. Thompson also sheds light on the growing crises in Europe, highlighting the fragile state of the eurozone. “If the euro collapses, every country will start pulling in its own direction. It will be chaos.” Watch the interview now to gain insights into Clive Thompson's perspective and learn how to navigate these turbulent times.
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📞 ACT NOW, BEFORE IT'S TOO LATE: Jim Rickards stresses that the economic system is on shaky ground, and gold is your best defense. As the global debt bubble looms, protect your future by investing in physical gold and silver. Learn how today: https://calendly.com/itmtrading/500?utm_content=DC12062024 or call 866-706-9061
"ITM did a great job of educating me on the history of the dollar, the financial markets, the banks, gold, and the laws so that I had a better understanding of things." - Kristen W.
📖 CHAPTERS:
00:00 Insurmountable U.S. debt
12:33 Stock market crashes in history
14:30 U.S. dollar
16:40 European policial chaos
20:39 Gold
26:26 Bitcoin
28:10 Gold performance
29:15 Banking system
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For more than 28 years, Phoenix-based ITM Trading has been a nationally recognized organization for trusted, data-backed research and investor education in the precious metals industry. They strategically assist clients nationwide, specializing in the different functions that physical gold and silver products provide in a diverse portfolio. ITM Trading’s mission is to give investors the knowledge, analysis, and lifetime strategies they require to confidently navigate the intricate monetary policies that restrict economic freedoms. They help build each client a custom portfolio designed to protect and grow their wealth and assets during economic downturns, hyperinflation, and currency resets.
Disclaimer: The information provided in this video is for educational purposes only and should not be construed as financial advice. Gold and silver prices are influenced by many factors and may fluctuate. All assets carry some risk and past performance does not guarantee future results. The views expressed by our hosts or guests do not always reflect the views of ITM Trading nor guarantee a specific outcome. Always conduct your own research and consult a financial advisor before making any investment decisions.
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#economy #brics #dollar #gold
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