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. https://inflationprotection.org/the-recession-brace-yourself-its-expected-to-be-far-more-severe-robert-kientz/?feed_id=132875&_unique_id=64f611f4e6b18 #Inflation #Retirement #GoldIRA #Wealth #Investing #goldcommentary #Goldnews #silvercommentary #silvernews #RecessionNews #goldcommentary #Goldnews #silvercommentary #silvernews
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. https://inflationprotection.org/the-recession-brace-yourself-its-expected-to-be-far-more-severe-robert-kientz/?feed_id=132875&_unique_id=64f611f4e6b18 #Inflation #Retirement #GoldIRA #Wealth #Investing #goldcommentary #Goldnews #silvercommentary #silvernews #RecessionNews #goldcommentary #Goldnews #silvercommentary #silvernews
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