**Are You Prepared for the Worst Crash in Human History?**
In recent years, we have experienced two major financial crises that nearly shut down global markets – in 1998 and 2008. These crises were a result of liquidity issues, defaults, and devaluations that spread globally, requiring massive bailouts to prevent a complete market collapse.
– The 1998 crisis began with Russia defaulting on its external debt, leading to a global liquidity crisis that almost shut down every market.
– In 2008, the collapse of Lehman Brothers and the near-failure of major financial institutions like Morgan Stanley and Goldman Sachs brought the world to the brink of another market shutdown.
– Each bailout and crisis only seems to get bigger than the last, showing that we are on a dangerous path towards a financial catastrophe bigger than the ability of central banks to contain.
**How to Protect Your Assets in Times of Crisis**
In times of global financial crisis, it is essential to have assets that are immune to market fluctuations and currency devaluations. Here are some options to consider:
– Land, real estate, gold, silver, and fine art are tangible assets that tend to retain or increase in value during market turmoil.
– Investing in stocks of companies based on natural resources, such as Exxon Mobil and Chevron, can provide stability in times of economic uncertainty.
– Avoid traditional stock portfolios, as banks and money market funds may face distress during a liquidity crisis.
**The Impact of Digital Currency**
The US dollar has been essentially a digital currency since the late 1970s, with the last paper treasury note issued in 1979. The dollar’s encryption and digital nature have implications for the global financial system, especially in times of economic sanctions and geopolitical tensions.
– Overreliance on economic sanctions can lead to the loss of trust in the dollar system, prompting countries to explore alternative payment systems and currencies.
– Recent actions, such as freezing central bank assets and kicking countries out of financial networks like SWIFT, demonstrate the power and consequences of economic warfare.
**Global Gold Reserves and Financial Strategies**
Russia and China have significantly increased their gold reserves in recent years, positioning themselves to hedge against economic uncertainties and currency devaluations. Gold remains a valuable asset in times of crisis and serves as a reliable store of value.
– Gold and silver investments have seen an uptick since March 2020, as investors seek safe-haven assets amid growing debt and instability.
– National Gold Group, America’s leading precious metals company, offers IRA fee waiver programs and expert guidance on protecting your retirement savings with gold and silver investments.
**The Future of Reserve Currencies**
While there is speculation about the Chinese yuan or Russian ruble becoming global reserve currencies, several factors, such as the absence of mature bond markets and rule of law, make this transition unlikely.
– The US dollar’s status as the world’s reserve currency is supported by its robust bond market infrastructure and legal framework, essential components for a stable global financial system.
– Creating a new currency backed by gold and supported by established financial systems could potentially challenge the dominance of the dollar as the primary reserve currency.
**Hot Take**
As global financial risks escalate and economic tensions rise, protecting your assets with tangible investments like gold and silver becomes crucial. National Gold Group offers expert guidance and IRA fee waiver programs to safeguard your retirement savings in times of uncertainty. Consider diversifying your portfolio with precious metals to weather potential crises and economic challenges effectively. **The Worst Crash in Human History Has Begun** – Jim Rickards. Buy gold and protect your savings with America’s #1 precious metals company! ➡️ or call +1-888-599-2883.
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