Dump Dollars, Buy Silver And Gold! We Destroyed The World’s Greatest Economy For No Reason
Experts have been alerting that the world’s greatest economy was destroyed for no reason. Today, we will discuss specialists’ insight about the US economic future and why market consultants are suggesting the economic collapse could have been avoided. Furthermore, we’re going to examine the prospects of a W-shaped recovery, which means another recession is in sight. And also, we are going to present economists’ advice on how you can protect your wealth from the looming dollar collapse. Stay with us, don’t forget to give this video a thumbs up, share it with friends, and subscribe to our channel to keep updated with future videos.
Notable economist and NY Times bestselling author, James Rickards, has recently published an intriguing article about the U.S. economic rock bottom, in which he skillfully evaluates that the American economy could have been saved if better money policies and political management were enacted when the crisis burst. In that sense, his argumentation shows that the whole collapse happened for no good reason.
Jim Rickards discloses that the second-quarter GDP disaster was all but unexpected. At the pace that the economy was falling, the 31.4% drop in this year’s second quarter was foreseeable. However, for the third quarter, there was some excitement surrounding a potential V-shaped recovery with a sharp bounce-back after the reopening of closed businesses, rehiring of the unemployed, and a rising stock market. Yet, the economy hasn’t been following the script envisaged for it by the politicians and experts, and even though some events have been accomplished, they aren’t as good as they sound. According to Rickards, these factors hasn’t been seen since the 1930s. “It’s worse than a technical recession, it’s a depression, and its effects will be felt for years, or even decades, to come,” he outlines.
Going forward, the economic growth is expected to be even worse than the weakest-ever growth of the 2009–2020 recovery, and projections signal that the U.S. will not regain 2019 output levels until at least 2022. The rebound subsequent to the 2009 crisis has only produced 2.2% growth, configuring an L-shaped recovery. The economic upturn was real, but, as the expert points out, the output gap between the former trend and the new trend was never closed. In other words, the American economy has suffered a loss of over $4 trillion based on the difference between the former strong trend and the new weaker trend. That lost wealth has dramatically repercussed on the economy back then. But now, evidences indicate that the outlook for restoring growth is even lower than the weak post-2009 recovery.
Moreover, the expert defends that the widespread business shutdowns to restrain the spread of the virus weren’t effective nor it was worth it to put the economic activity on hold when different measures with significantly less damaging side effects could have been taken. In his article, he reports that numerous top scientists agree that lockdowns don’t work. When it comes to the current infection’s inherent specifics, the virus would likely spread with or without a lockdown. It would have been more efficient if health security measures were issued from the beginning.
According to Jim Rickards, some procedures such as washing hands, keeping social distance, and wearing masks in crowded spaces make sense. But there isn’t any evidence that masks do any good at all when the wearer is alone, outdoors, or at a reasonable distance from others. He argues that we could have followed these basic rules and gotten 90% of the benefit of a lockdown at only 10% of the cost. Those who support lockdowns have ignored the costs of increased mental health disorders, domestic abuse, and upsurges in depression and anxiety resulted from a lack of social interaction.
If the population were provided with proper health education from the start, it would never be necessary to close every bar, restaurant, salon, boutique, and public space. That’s why he asserts that the world’s greatest economy was destroyed for no good reason.
Epic Economist website: https://www.epiceconomist.com
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Who’s ready for the stock market crashed (The Great Reset)
Lol why? That’s there plan all along. Not good for us peasants
We are in a Depression already. The Plandemic was used as a smokescreen for the the take down. EXCELLENT video’s.
Ya, people were already living pay check to pay check, hand to mouth. Now it is going to get out of control
Thank You For Sharing Your Comment!
What better way to change the global monetary system than thru crisis!
Can’t let a crisis go to waste!
That change is inevitable. When youre bankrupt you have to restructure
It’s actually the only way
Problem Reaction Solution
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The lockdowns work if you are a criminal politician or a criminal banker looking for a cheap fire sale .
‘We live in a two party elected dictatorship’………… Ralph Nader
@Taylor Maid 🙄😳
Most of these idiotic clowns need to be locked down, permanently. Off to the gulags
We’re been in a recession since 2008…..it’s called DEBT!
When I graduated from high school in 1990 minimum wage was $3.35 an hour. Federal minimum wage to day is like $7.50 hour,,, we are Mexico City, we are India, we are a banana 🍌 republic, but people will go on believing things will change…fools, sheep 🐑
The recession started in 1971 when gold and silver was taken from the currency.
It was further exasapated by the supreme Court o. k. ing the bribery of politicians.
1971 was when the printing started and interest went vertical from there.
That sums it up clarity of thought friend
The depression has nothing to do with the fake planned virus, The whole take-down was planned by the scum that runs the World the Rothschilds, the Rockefeller, and their Boss’s the Pasour’s of France!!
Go volunteer at. Hospital if it’s fake. And one were covid is rampant. And don’t wear a mask. Boom. Then you will know.
Who is presently the president??
I suggest you look up Wilber Ross.
Trumps pick for secretary of commerce, maybe it will give you a little insight who Trump actually answers too!!
@Youcanvids when someone says “Fake Pandemic” that 8s because this is a fake pandemic, the corona virus is real it’s just NOT a pandemic! The official death rate from COVID around the world is 0.05%…. Fact! Look it up, the information is always in plain sight!
Agreed. They needed to create a reason to make the public pay for their bad investments.
Covid has never been isolated.
Oh it was destroyed for a reason. It was so that the unprepared masses would be brought to their knees and submit to economic and civil enslavement.
Thank You For Your Comment!
@Epic Economist 👍
It will work!!!
@Taylor Maid no
A necessary process in our ongoing evolution
The depression was here before the fake pandemic was announced, The whole take-down of the World was planned back in 2010 under “operation lockstep” by the Rothschild and Rockefellars and their boss’s the Pasours of France!!
Who are these Pasours?
Suggest you read up and show emotional intelligence. DOn’t be herded like the others.
I believe it goes further than that. But you’re correct nonetheless.
@arnie kurtz Notice how you got ad hominem but no straight answers?
@William Wilson That is right.
Agenda 21 was the good reason
It was said they were 10 to 15 years behind on Agenda 21, they had to speed things up.
@Lanier H separation of church and state
@Dennis Reed separation of church and schools to begin with, stop the indoctrination.
@Mycologist the existence of god is a untestable supernatural proposition
Solar panels aren’t that great.
Was going to go solar but going to hold off.
I’m expecting an FU shaped recovery.
The only recovery I actually anticipated.
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too many bots in these comments threads ….. 🤢
The Banking System broke and crashed on Sept.11, 2019 when the Repo Market rates jumped 10% overnight. C/ was just used as the scapegoat so the banks werent blamed and they could be bailed out, AGAIN! They needed a State of Emergency because after 2008 they were outlawed.
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