{"id":17611,"date":"2023-09-09T21:53:57","date_gmt":"2023-09-09T21:53:57","guid":{"rendered":"https:\/\/sasquatchnewsonline.com\/?p=17611"},"modified":"2023-09-09T21:53:57","modified_gmt":"2023-09-09T21:53:57","slug":"renowned-economist-expects-a-recession-in-2024-says-the-weaponization-of-the-dollar-has-opened-the-window-a-little-bit-for-gold-video","status":"publish","type":"post","link":"https:\/\/sasquatchnewsonline.com\/?p=17611","title":{"rendered":"Renowned Economist Expects a Recession In 2024, Says \u201cThe Weaponization Of The Dollar Has Opened The Window A Little Bit For Gold\u201d (VIDEO)"},"content":{"rendered":"

\u00a0<\/p>\n\n

Professor Steve Hanke is a renowned economist who served on President Reagan\u2019s Council of Economic Advisors.<\/h3>\n

In a recent interview on CNBC, Hanke predicted a recession is coming in 2024 due to changes in the money supply not seen since the 1930\u2019s.<\/strong><\/h3>\n

Right now the U.S. economy is experiencing the calm before the storm, he said.<\/h3>\n

Watch:<\/h3>\n\n

From the video (emphasis added):<\/h3>\n

\u201cThe contraction of the money supply will continue on pace and will be in the thick of it in 2024.<\/strong> And I think basically what\u2019s happening: this is kind of the calm before the storm. The soft landing folks think everything looks great \u2013 we\u2019re going to have a soft landing. My interpretation is no, they\u2019re not looking at the money supply. And if they were, they\u2019d realize that this is a calm before the storm.<\/strong>\u201c<\/em><\/h3>\n

In a separate interview<\/a>, Professor Hanke was asked about the role of gold in today\u2019s economic system.<\/h3>\n

He said,<\/h3>\n
\n

\u201cAs Nobel Laureate, my good friend, the late Robert Mandell said, \u2018Gold will always have a role in the international monetary system.\u2019<\/em><\/h3>\n

And it does. Now, your question is: Is the role going to get bigger or smaller? I think it\u2019s probably going to get bigger, and in a way that\u2019s because of this reaction to the sanctions, financial sanctions that have been associated with the United States and the European Union, by the way.<\/em><\/h3>\n

But this weaponization of the dollar has opened the window a little bit for gold\u2026\u201d<\/em><\/h3>\n

The growing BRICS alliance (Brazil, Russia, India, China, South Africa, Iran, Saudi Arabia, Egypt, UAE, Ethiopia, Argentina) has been quietly stockpiling gold \u2013 and have accelerated purchases in the last year.<\/h3>\n

Here is a chart of their gold reserves \u2013 note the steep rise in the last year:<\/strong><\/h3>\n\n

It isn\u2019t just foreign countries who are moving to hold more gold \u2014 many Americans with retirement accounts are doing the same thing. <\/strong><\/h3>\n

Genesis Gold Group<\/a> a faith-driven precious metals company, has been able to keep up with demand because their executives anticipated the surge and have leveraged their relationships to seamlessly keep the flow of wealth going into their customers\u2019 depositories (plus, working with them through this link and the links below benefits Gateway Pundit).<\/h3>\n

By rolling over any of the various types of retirement accounts their customers currently have, Genesis Gold Group<\/a>\u00a0has simplified the process of securing the life\u2019s savings of countless Americans.<\/h3>\n

This isn\u2019t \u201cpaper\u201d or \u201cvirtual\u201d gold or silver;\u00a0Genesis Gold Group<\/a>\u00a0customers can physically see their precious metals at their convenience.<\/strong> And when it comes time to take a disbursement, they can convert to cash or have their precious metals shipped directly to their homes.<\/h3>\n

Click here to reach out today through goldbygenesis.com.<\/a><\/strong><\/h3>\n

Genesis Gold Group<\/a> was given 5 stars by reviewers on the Better Business Bureau website. Here is what some of them say:<\/h3>\n

\u201cWith the downward turn in the market, I have been wanting to transfer my IRA to gold\/precious metals. I am so happy that I came across Genesis Gold Group. They made the process seamless<\/strong> . . . They have knowledge, care, and patience with newbies, like me. They kept me informed along the way and reached out several times to see if I had any questions or concerns. I highly recommend them to anyone interested in investing in precious metals.\u201d<\/em><\/h3>\n

\u201cThey made it so easy to transfer part of the funds out of my company 401K to set up a precious metals IRA. Everyone I\u2019ve dealt with there is friendly and knowledgeable<\/strong>.\u201d<\/h3>\n

\u201cThe people at Genesis Gold Group have been very helpful to get my 401k from stocks and bonds to silver coins on deposit. They are patient and explained each step and answered my numerous questions along the way.\u201d<\/strong><\/em><\/h3>\n

If you have wealth or retirement that you want to protect with physical precious metals backing a self-directed IRA:<\/h3>\n

Visit goldbygenesis.com today.<\/a><\/strong><\/h3>\n

Note: The information provided by Gateway Pundit or any related communications is for informational purposes only and should not be considered as financial advice. Gateway Pundit does not provide personalized investment, financial, or legal advice.<\/em><\/p>\n<\/div>\n

The post Renowned Economist Expects a Recession In 2024, Says \u201cThe Weaponization Of The Dollar Has Opened The Window A Little Bit For Gold\u201d (VIDEO)<\/a> appeared first on The Gateway Pundit<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

\u00a0 Professor Steve Hanke is a renowned economist who served on President Reagan\u2019s Council of Economic Advisors. 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