“Predicting The Downfall Of America” Terrifying Financial Crisis Ahead – Robert Kiyosaki
The U.S. economy is back in the headlines, with more economists and financial experts warning of an impending downturn at some point in the end of this year or start of next year. For nearly two years, the U.S. economy…
The U.S. economy is back in the headlines, with more economists and financial experts warning of an impending downturn at some point in the end of this year or start of next year. For nearly two years, the U.S. economy has notched blockbuster gains, with millions of new jobs and wage hikes adding to the streak of good news. Families and businesses were flush with cash, which they used to buy houses, cars, electronics and other big-ticket items. That extra spending combined with lingering supply chain shortages and delays from the pandemic helped in driving up prices and contributed to the highest inflation of 40 years. These issues are now leading to the common question among experts that whether it is the end of the American empire? Last month, the International Monetary Fund (IMF) has also cut its global growth outlook for the second time this year, citing the war in Ukraine and singling out inflation as a “clear and present danger” for many countries. On the topic Raoul Pal, the founder and CEO of Global Macro Investor and Real Vision joined the famed Rich dad Poor Dad Author Robert Kiyosaki and talked on what exactly is happening in the world’s economy, the likeness of a recession, and if there’s a depression in our future. They also discussed the possible timing of a recession, and what the Fed will have to do to keep the economy from dropping into a depression.
Raoul Pal thinks that the recession will happen at a shocking speed in a matter of months, similar to 1974.
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