World Economy In Crisis: Hold On To Your Cash
Veteran investor Jim Rogers is warning that the next market sell-off will be the worst in his lifetime due to excessive global debt, advising investors to hold cash and consider buying silver. Rogers’ concerns are echoed by Warren Buffett’s Berkshire Hathaway, which has increased its cash holdings to nearly $277 billion by selling about half of its stake in Apple.
Recessionary fears in the U.S. following disappointing job data and the unwinding of carry trades have jolted global markets into a cautious mode. [Read The Global Domino Effect: How a U.S. Recession Could Topple Economies Worldwide].
Editor’s Note: Can you imagine what might happen if governments implement Central Bank Digital Currencies (CBDCs) during an economic downturn?
While CBDCs are touted as a means to modernize financial systems and enhance transaction efficiency, they could also exacerbate existing economic vulnerabilities, particularly in an environment already fraught with recessionary fears. Introducing CBDCs may lead to increased government control over personal finances, potentially stifling individual economic freedom and innovation at a time when resilience is crucial. [Read The Dangers of CBDCs, CBDC DIGITAL PRISON SLATED FOR IMPLEMENTATION IN 2024, WEF, CBDC, and Digital ID: The Path Towards Digital Slavery].
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Conversion of bulk cash to gold and purchase of agricultural land is a better way to protect your wealth and survive the financial crisis. And lastly, possessing firearms while living with sharing neighbors (globalists hate these). Really sounds like “Tribulation” to me. Forget city life where you so can be controlled easily by government. Learn to adopt a rural life with “no money”.
This! Pretty soon even cash won’t amount to much.