The global financial market has been in a state of uncertainty for the past several years due to a host of emerging economic issues like the debt crisis. One economist, Keith Weiner of the Gold Standard Institute USA, has warned that there are huge forces currently in motion that could exacerbate the debt crisis. He believes that individuals and governments should carefully watch these forces to protect themselves from potential economic collapse.
Weiner believes that some of the developing issues in our economy may eventually culminate in a devastating debt crisis. He highlights the increasing debt to GDP ratios and the decaying labor force participation rate in the US as two of the biggest issues causing the present instability. In addition, he believes that the governments of the world are relying far too heavily on money printing to provide relief to their economies, which will eventually lead to hyperinflation and financial crisis.
One of the main forces Weiner identifies as increasing the risk of a debt crisis is the increasing national debt. In the US, the national debt is estimated to reach $27 trillion this year, which is a massive increase from the $19 trillion when Trump took office. He believes that governments around the world have become accustomed to increasing their debt in order to pay for stimulus packages and other short-term fixes. This will eventually lead to unsustainably high debt levels that cannot be repaid.
Weiner also believes that the other force that is increasing the risk of a debt crisis is America’s addiction to debt. He believes that many people in the US are becoming too reliant on debt to finance their lifestyles, creating an environment of high debt levels that cannot be repaid. As a result, he believes that this could play a major role in exacerbating the debt crisis if the economy continues to falter.
Finally, Weiner believes that one of the most powerful forces moving gold is the reduction in trust in currencies and central banks around the world. He believes that with so much uncertainty in the global economy, investors are looking to gold as a safe-haven asset. This has resulted in gold prices surging to record levels in the past year, providing investors with a safe and stable investment.
Overall, Keith Weiner believes that individuals and governments should watch the forces mentioned above closely in order to protect themselves from the potential economic collapse that could ensue if the debt crisis is not managed properly. He believes that the key to avoiding a significant debt crisis is for people to start saving rather than relying heavily on debt. In the meantime, he suggests that individuals look to gold as an investment to protect themselves from the potential fallout of the debt crisis.
“Keith Weiner: Unprecedented Debt Crisis Brewing – See How These Major Forces are Affecting Gold
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