Countdown To Collapse: Unleashing The Next Economic Financial Storm
Schedule
Sat Nov 30 2024 at 10:00 am to 08:00 pm
UTC+10:30Location
InterContinental Adelaide | Adelaide, SA
About this Event
Concerns about our economy plunging into the next Great Depression
are growing as we witness rising inflation, geopolitical tensions, and market volatility. Although unlike the 1930s, where today's financial landscape includes enhanced regulatory frameworks, proactive central banks, and the ability of governments to deploy swift stimulus measures, it will prove to be insufficient in preventing a full-scale economic collapse as the current downturn escalates. The combination of widespread unemployment, collapsing markets, and failing businesses looks likely to mirror the devastating impacts of the Great Depression. We are now confronted with the immortal words of JPMorgan CEO, Jamie Dimon, 'we are now heading into an economic hurricane'.
The US debt is skyrocketing,
increasing by a staggering one trillion dollars every hundred days, and is fast approaching a daunting 36 trillion dollars. This rapid acceleration in national debt continues to raise serious concerns about the country's fiscal health and sustainability. The ballooning debt will lead to higher interest rates and increased pressure on future generations to manage the financial burden. As the debt continues to climb, history suggests that this challenge will be beyond the capability of US government policy makers.
This unparallelled level of debt is now global
and is sitting at a staggering 350 trillion dollars, while global GDP at 100 trillion dollars. The world global debt-to-GDP ratio is now at 350% and the world is effectively bankrupt. Such a high ratio confirms that economies worldwide are heavily reliant on borrowing, raising serious concerns about financial stability and the ability of countries to manage and repay their debts. History tells us that we are now approaching the end game.
We need to prepare for chaos,
endless wars, bank failures, and a changing world order. The convergence of geopolitical tensions, economic instability, and shifting global power dynamics is creating an environment ripe for widespread disruption and destruction. As nations vie for dominance, conflicts will become more frequent, leading to prolonged instability. Central Banks, already strained by economic volatility and a debt level that mathematically is impossible to reduce, must come to realise that a gold standard is the only answer to the world’s dire financial position.
As Russia steps into the leadership role of BRICS
comprising Brazil, Russia, India, China, and South Africa—global investors are anticipating significant economic shifts. This transition is expected to trigger a massive surge in demand for gold and silver, viewed as safe-haven assets during times of geopolitical and economic uncertainty. Investors are keenly watching Russia's strategic manoeuvres within BRICS, anticipating potential market disruptions and enhanced economic collaboration among member nations. Consequently, a bullish trend for gold and silver is emerging, with market analysts predicting increased demand and higher prices for these precious metals as investors seek stability and security amidst a massively anticipated economic downturn.
Russia is set to become the first country
to establish a gold standard in the modern era, linking its currency directly to gold. This move marks a significant shift in global economic policies, as it aims to stabilize the Russian ruble and insulate the economy from the volatility of fiat currencies and geopolitical tensions. By pegging the ruble to gold, Russia seeks to enhance its economic sovereignty, reduce reliance on foreign currencies, and attract global investors looking for a more stable and secure asset. This bold step will inspire other nations to consider similar measures, reshaping the international financial landscape.
A return to the gold standard,
where the value of currency is directly linked to gold, would reveal an astounding gold price of USD $25,000 to $27,000 per ounce, according to Jim Rickards. This valuation reflects the immense amount of money currently in circulation compared to the available gold reserves. Such a high gold price underscores the significant devaluation of paper currencies and highlights the inflationary pressures within the global financial system. Transitioning to a gold standard would dramatically reshape economic dynamics, emphasizing the precious metal's enduring role as a stable store of value in contrast to the ongoing destruction and debasement of fiat currencies.
Now more than ever, it’s time to own gold!
Where is it happening?
InterContinental Adelaide, North Terrace, Adelaide, AustraliaEvent Location & Nearby Stays:
AUD 399.00 to AUD 499.00