Is the Presidential Election About to Derail the US Economy?
PatriotR Daily News 11/6/24
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FINANCIAL 101
Gold Dominated the 2000s—But the Best Is Yet to Come!
The article argues that the U.S. economy is teetering on the edge of a severe collapse, driven by unsustainable debt levels and a reliance on money printing that erodes purchasing power. Since the dollar was removed from the gold standard in 1971, it has lost nearly all its purchasing power, while gold has soared in value, signaling the dollar's decline. This massive debt crisis is worsened by fractional reserve banking and derivatives, creating artificial wealth and a fragile financial system now burdened by quadrillions in total obligations.
Historically, no fiat currency has survived indefinitely, with past collapses (from Rome to Weimar Germany) proving that governments continuously destroy currency value to manage debt. The article warns that we may see a global financial meltdown where Western countries suffer most due to high debts, while BRICS nations with natural resources may fare better. Gold is championed as the ultimate safe asset, predicted to rise exponentially as fiat money collapses, though the real value lies in strong social ties and personal resilience. The article ultimately suggests that the U.S. faces a bleak economic future, with gold and community support as key defenses against impending turmoil.
4o Read More.
ECONOMIC NEWS
Is the Presidential Election About to Derail the US Economy?
The U.S. economy may be heading toward a storm, with the upcoming presidential election set to pose a serious threat. If Tuesday’s outcome isn’t immediately clear, the economic landscape could turn volatile. With a tight race between Vice President Kamala Harris and former President Donald Trump in critical swing states, the possibility of a prolonged or disputed election looms large. Such uncertainty could unleash waves of market turmoil, investor panic, and consumer fear.
“It could take days or even weeks to determine the winner,” warns Mark Zandi, chief economist at Moody’s Analytics. “Social unrest under such circumstances would not be surprising,” he adds, suggesting that an already fragile public mindset could break, eroding confidence across the board.
The last election in 2020 wasn’t decided until days after Election Day, and this time, the wait could be even longer, especially with Pennsylvania’s delayed mail-in ballot count. Legal battles over the results could only add to the chaos.
Despite recent economic growth, underlying issues like an unstable housing market and lingering post-pandemic inflation haunt the nation. With investors averse to the deep uncertainty hanging over the future, a contested election outcome could disrupt markets, intensify volatility, and send financial assets into a tailspin.
“It is rare for the economy to perform this well, but it won’t last without a smooth election outcome,” says Zandi. “Now may be a good time to buckle in.” Read Now.
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