Will Davos Elites Use YOUR Money To Survive The Economic Collapse?

From Peter Reagan at Birch Gold Group

Even though Biden is touting a strong U.S. economy (it isn’t), the global economy is continuing its multiyear slide.

In fact, major institutions are shedding light on years of decline, high interest rates, lagging performance, and much more.

Let’s start with the World Bank, which has issued a report on what’s happening globally:

The global economy will slow in 2024 for the third straight year and appears headed for its weakest half-decade since the early 1990s, the World Bank will say Tuesday in its latest annual forecast.

While higher interest rates appear to be bringing inflation under control without the serious financial crisis or soaring unemployment that many had feared, the global economy’s overall performance is lagging, said Indermit Gill, the bank’s top economist.

In the long run, slowing growth is a problem for advanced economies and middle-income countries alike. One reason for anemic growth in the latter is a sharp drop in investment spending, which is running at barely half the average rate seen in the past two decades.

At Davos, a major annual gathering of the wealthiest people on the planet who discuss the global situation and the future, they don’t like how things are playing out.

In fact, it appears like they are souring on the U.S. economy too:

The economists also turned more negative on the U.S.’s outlook. In the previous survey, 78% forecast moderate or higher growth this year, whereas the latest research sees that number fall to 56%.

About 87% expect recent geopolitical developments to stoke global economic volatility in the next three years, and eight out of ten expect it to heighten volatility in stock markets.

Of course, we already explained how this year has the potential to be volatile economically, but Davos attendees seem to be implying that a much longer period of turmoil is possible at the global scale.

And just like the U.S., deficits and debt at the global scale appear like they are getting out of control, according to this Bloomberg article:

Public debt across advanced economies has soared to more than 112% of GDP from about 75% two decades ago, data from the International Monetary Fund show, as governments ramped up borrowing to finance pandemic stimulus programs, health care and pensions for aging populations.

Remember two important things:

  • “governments ramped up borrowing” leads to currency devaluation
  • “aging populations” means fewer productive workers supporting a growing number of retirees

So where does that global outlook leave your retirement savings? The answer doesn’t inspire much confidence in our leaders.

Economic instability, government debt crush U.S. dollar’s purchasing power

Like we’ve mentioned before:

A strong currency can buy more goods and services than other currencies. But that’s not the case with the U.S. dollar.

In fact, the U.S. dollar is only “strong” in comparison to other currencies like the yen, euro, and pound. (The corporate media’s favorite comparison.)

But here’s the actual buying power of the U.S. dollar over time, your buying power, and unfortunately it isn’t pretty:

 

Now, it might be reasonable to think: “That decrease in dollar purchasing power happened over decades!”

But the truth is your dollar’s purchasing power has dropped much faster than you think!

A staggering 24% over the last 10 years alone, for example.

Can you imagine what you could have bought today if your dollar could buy 4 times more than it does? (Like it did back in 1930?)

Unfortunately, it doesn’t buy anything close to what it used to.

Whether a recession develops globally or inside the U.S., another bout of historic inflation would be possible.

So it’s best to heed today’s warning while you still can…

Your savings, and your retirement, are on the line

When a recession strikes, that generally crushes the value of any economically sensitive assets you might have in your portfolio.

That’s the first complication. Here’s the second:

  • Central banks have exactly one response to economic crisis: Quantitative easing (also known as “money printing.”)
  • Governments have a variety of responses to economic crisis, but all of them boil down to one thing: Massive spending.

The obvious results of following this playbook yet again? As we’ve seen! First, inflation – then, currency devaluation. Currency devaluation is a finite resource – the value of a single dollar can’t go below zero. Look at that chart above one more time. Consider how close it already is to zero…

The good news is, you still have an option that could help to keep your retirement safe through proper diversification. That option includes choosing to acquire some physical precious metals.

Metals like gold and silver have historically served as safe-haven stores of value, preserving wealth during troubling economic times. In fact, the price of physical gold in 2023 grew almost 13% overall (beating inflation).

As the world moves away from dollars and toward Central Bank Digital Currencies (CBDCs), is your 401(k) or IRA really safe? A smart and conservative move is to diversify into a physical gold IRA. That way your savings will be in something solid and enduring. Get your FREE info kit on Gold IRAs from Birch Gold Group. No strings attached, just peace of mind. Click here to secure your future today.

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11 Comments
Anonymous
Anonymous
January 20, 2024 6:51 pm

Nah, they’ll use our perennial loyalty and devotion as their faithful servants, as ever.

BL
BL
January 20, 2024 7:03 pm

Depends if you speak of Fed toilet paper currency or REAL money which is gold and silver. If you refer to the later , the answer is no. It’s not too late to get your assets into real money.

YourAverageJoe
YourAverageJoe
January 20, 2024 7:35 pm

I’d be ok with it after I laced it with radioisotopes.

The "davos elite'?🤣
The "davos elite'?🤣
January 20, 2024 9:12 pm

The names have changed MANY times, since…

In this country, seems like the wholesale swindle really got wings with the income tax. Split ‘X’ amount of ways.

Biggest counterfeiter EVER? GUARANTEED to be Uncle Sam Aunt Samantha.

Simplicus Carpenteria
Simplicus Carpenteria
  The "davos elite'?🤣
January 20, 2024 11:25 pm

Yeah well “she “became a runaway train after Nixon closed the gold window/ completely unpegged the currency from anything real for good in 71. It just took a while for her to build up speed . Now shes “hell bent for lection” and cant be stopped , its too late . Brace for impact .

Runaway Train? Well Documented...
Runaway Train? Well Documented...
  Simplicus Carpenteria
January 21, 2024 9:08 am

MORE $100 in ‘circulation’ than $1 bills.

Guaranteed ? Straight off the press to ‘Foreign Entanglements’ since the advent of paper money.

The Great American Experiment” ???

🤣🤣🤣

Encouraging Us to ‘BELIEVE’ one thing while the REALITY was much different. Since the beginning of this ‘Country’.

KaD
KaD
January 20, 2024 11:17 pm
The Central Scrutinizer
The Central Scrutinizer
January 21, 2024 11:35 am

They’ve been using it this long with no push back. Why would they stop now?

Anonymous
Anonymous
January 21, 2024 11:54 am

Did anyone tell the elites that hiding all their grift in fiat in overseas accounts won’t mean anything when the world economy tanks…the failure of capitalism sees them sitting on a mountain of money while the sun sets in the West.

pyrrhus
pyrrhus
January 21, 2024 7:12 pm

Sick, crippled, or dead workers lead to a smaller workforce…

Anonymous
Anonymous
January 22, 2024 5:56 pm

I’m sure they’ll steal my currency…but they won’t get my money.