According to Gregory Mannarino, the global economy is experiencing a rapid collapse, while society is undergoing a process of deconstruction.
Sean Foo discusses the challenges facing the US economy, with the Federal Reserve acknowledging the potential risks to the stability of the dollar. The unsustainable economic trajectory of America is attributed to unbridled deficit spending and the imposition of sanctions. The trend of countries divesting from US debt is highlighted as a concerning indicator of a bleak future ahead.
According to Jim Richards, a renowned author, Russia has the potential to retaliate against Western countries by freezing the Western clearance system. In an interview with Daniela Cambone on ITM Trading, Richards highlights that if Western nations seize Russian assets, Russia could take legal action against Euroclear, the prominent organization responsible for clearing, settling, and safeguarding assets in Europe, to seek compensation for damages incurred. Richards further emphasizes that disrupting Euroclear, which is considered one of the leading entities in settlement and clearance, could significantly disrupt the global clearance and settlement system. Additionally, Richards suggests that restoring confidence in the U.S. dollar might require a return to the gold standard, with a suggested price of $27,000 to prevent substantial deflation.
The Atlantis Report provides updates on the current economic situation in the United States. As the year progresses, the economic forecast for the typical American appears bleak. Factors such as inflation on the rise, mounting debt, stagnant wages, soaring living expenses, and other challenges present a substantial risk to the financial security and prosperity of many individuals. This concerning state of affairs has put economists and financial analysts on high alert. Here are fifteen explanations for the economic difficulties we are facing this year.
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Gregory Mannarino
May 30, 2024
The WORLD ECONOMY IS COLLAPSING FASTER… AND SOCIETY IS BEING “DECONSTRUCTED.”
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Sean Foo
May 30, 2024
The US economy is in trouble and the Fed has admitted even the dollar is facing danger as well. Because of uncontrolled deficit spending and sanctions, America’s economic path is unsustainable. Here’s why countries are exiting US debt and why the ending looks bad.
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ITM TRADING, INC.
May 30, 2024
Russia could retaliate by freezing the entire Western clearance system, warns Jim Richards, New York Times bestselling author. In an exclusive interview with Daniela Cambone, Richards explains that if Western countries seize Russian assets, Russia could sue Euroclear, the largest clearing, settlement, and custody organization in Europe, to recover damages. “You could throw a monkey wrench into the entire global clearance and settlement system by disrupting Euroclear, which is probably second only to DTCC in terms of settlement and clearance.” Additionally, Richards states that we may need to return to the gold standard to restore confidence in the U.S. dollar. “But if you have to go back to a gold standard, $27,000 would have to be the price in order to avoid massive deflation.”
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The Atlantis Report
May 30, 2024
As the year matures, the economic outlook for the average American is far from optimistic. Rising inflation, increasing debt, stagnant wages, high living costs, and other factors pose a significant threat to the financial stability and well-being of millions. This alarming scenario has economists and financial experts on the edge. Here are fifteen reasons why our economy is in trouble this year.
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