Our Gold Guy
No Result
View All Result
Wednesday, February 8, 2023
  • Home
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us
Our Gold Guy
  • Home
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us
No Result
View All Result
Our Gold Guy
No Result
View All Result
Home Economy

Are We Headed for a Decade-Long Global Depression?

by Hanne Nabintu Herland
December 31, 2022
in Economy
Recession (1)

The world has entered a geopolitical depression, writes Dr. Nouriel Roubini, pointing at severe megathreats that spell dark days ahead. This new era will resemble the tumultuous decades between 1914 and 1945, as the U.S. economic, financial and security unipolar world is challenged by four powers – China, Russia, Iran and North Korea.

“There is a sharply rising risk not only of war among great powers but of a nuclear conflict,” the professor of economics at Stern School of Business states in a recent article at Project Syndicate: “Geopolitical conflicts and national-security concerns are fueling trade-, financial-, and technology wars, and accelerating the deglobalization process. The return of protectionism and the Sino-American decoupling will leave the global economy, supply chains, and markets more balkanized and fragmented. The buzzwords ‘friend-shoring’ and ‘secure and fair trade’ have replaced ‘offshoring’ and ‘free trade.’” In addition, Roubini notes, “energy security” has quickly replaced non-financial factors such as “net-zero” and ESG “greenwishing.”

Dr. Roubini, the man who foresaw the 2007 housing market crisis long before others, has warned of stagflation for almost two years due to the current mix of loose monetary, credit and fiscal policies. Dr. Roubini’s new book, “Megathreats,” predicts a decade of world depression in which the regular workers will suffer the most and inequality will rise globally. We are up for the worst debt crisis the world has ever seen and a possible hard-landing scenario.

High inflation primarily driven by extreme energy cost and steep recession now threaten macroeconomics. The shock of the COVID-19 lockdowns and economic shutdowns have spectacularly halted economic growth, plunged governments into serious debt, crippled the supply of goods through the bottlenecks in global supply chains – and everything made much worse by the China’s zero- COVID policy. Meanwhile, the globalist billionaire class’ fortunes have – predictably enough – skyrocketed.

IRA BERSHATSKY LOVES AMERICA – Most precious metals companies are run by wokesters. Ira’s is not. He is unabashedly AMERICA FIRST and can help you move wealth or retirement to physical precious metals with a gold or silver IRA, or just get metals discreetly shipped to your door. Contact him now.

When facing Russia’s invasion of Ukraine, European leaders have been incomprehensibly shortsighted and forthright suicidal in pushing to implement sanctions against the very source of energy upon which they depend. Europe has chosen to cripple itself. These leaders needed not even one day to reflect upon how sanctions would affect Europe. As quickly as the day after the Russian invasion of Ukraine, they rushed to implement them.

It is not given who the weaponization of the U.S. dollar – using the American reserve currency status to punish Russia through sanctions – will hurt the most. It certainly has accelerated the speed in which non-Western nations are resorting to local currencies, turning away from politically weaponized Western institutions. The trust in Western banks where one’s money was considered safe, the SWIFT system and other before deemed reliable sources for economic stability, is plunging. The world protest against the American hegemony is painstakingly illustrated by the 85% of the global population refusing to sanction Russia. Russia, on the other hand, is swimming in money from the skyrocketing energy prices, its 2022 energy export revenues predicted to be 337.5 billion USD, around 40% more than 2021. In short, Europe is financing Russia’s Ukraine war.

The Ukraine operation has brutally demonstrated that Europe’s bureaucratic leaders are weaker than ever, serving American interests even if it plunges Europe into oblivion. America’s neoconservative mission in the post-Cold War era has been to ensure that no rival superpower is allowed to emerge in Western Europe, Asia or in the former Soviet Union. This according to the Pentagon’s plan: “Prevent the Re-Emergence of a New Rival.” One may certainly say that the strategy has succeeded.

Germany and Europe are now being forced into a depression and a de-industrialization as a result of the sanctions the Americans have told them to impose on Russia, writes Dr. Michael Hudson, president of The Institute for the Study of Long-Term Economic Trends (ISLET).

Germany suffers the most. It has been Europe’s most advanced industrial economy, its steel, chemicals and car industry depending on import of Russian commodities, oil and gas, Dr. Hudson points out.

The Nord Stream pipelines were built in order to provide cheap energy to its vast industries. Yet, Germany has been told by the Americans to cut itself off from Russian natural resources, de-industrialize and pay three times as much for American LNG. This means the end of Germany’s economic preeminence. This happens while the United States is freely importing oil from Russia via Italy, as it is exempt from the very same sanctions imposed on Russian oil and natural resources in Europe, Hudson adds.

Soon defaulted mortgages and excess debt will produce a landslide in private property ownership loss. This is truly going to be a horrible scenario – causing soaring profits and buying opportunities for the billionaire class – again.

Content created by the WND News Center is available for re-publication without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].

Our Gold Guy America First

The Biden Regime and Globalists Don’t Want You Owning Precious Metals

Look around. Things aren’t the way they should be. Between Pandemic Panic Theater, Ukraine, food shortages, and a push for Central Bank Digital Currencies, everything you’ve spent your life building and protecting is in jeopardy.

Precious metals are historically the most reliable and safest hedge against economic turmoil. With the Biden regime and globalists enhancing the chaos, it’s important for patriotic Americans to take control of their financial future.

Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.

Fill out the form here and we will schedule a precious metals consultation with Our Gold Guy, Ira.

Schedule a Precious Metals Consultation Today:

Tags: EconomyFinanceLedeRecessionTop StoryWND News Center


Learn more about RevenueStripe...

Bypass Big Tech Censors



Our Gold Guy



MyPatriotSupply


House Financial Services Committee to Hold Hearing on Chinese Regime’s Economic and Geopolitical Threat

House Financial Services Committee to Hold Hearing on Chinese Regime’s Economic and Geopolitical Threat

February 8, 2023
NYC Giving Illegal Immigrants Taxpayer-Funded Bus Tickets To Canada

NYC Giving Illegal Immigrants Taxpayer-Funded Bus Tickets to Canada

February 8, 2023
A Record Number of Americans Say They Are Worse Off Financially Since Joe Biden Took Office

A Record Number of Americans Say They Are Worse off Financially Since Joe Biden Took Office

February 6, 2023

Recent News

House Financial Services Committee to Hold Hearing on Chinese Regime’s Economic and Geopolitical Threat

House Financial Services Committee to Hold Hearing on Chinese Regime’s Economic and Geopolitical Threat

February 8, 2023

Search

No Result
View All Result

Site Navigation

  • Home
  • Contact Us
  • Finance
  • Business
  • Economy
  • Politics

About Our Gold Guy

This site is dedicated to helping Americans learn more about the economy, business, and politics. Our nation is in turmoil on all three fronts. We want to make a difference.

© 2021 NOQ Report

No Result
View All Result
  • Contact Us
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us

© 2021 NOQ Report

Session expired

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.

>