10 Warnings That Threaten to Undermine Our Economy

10 Warnings That Threaten to Undermine Our Economy

by Brock Smith, National Sales Director

“U.S. banks are sending signals that the country’s economic expansion is getting long in the tooth.” Aaron Back, The Wall Street Journal

"Half of American CEOs expect a recession to strike by the end of 2019." - New York Times Survey

“A market correction is a lot closer than you think." - Bob Laccino, Bloomberg

“Brace for a market meltdown that may rival the 1929 crash.” - Ron Paul, CNBC

Warning Signs are Multiplying

As you may know, many leading market experts and respected economists are reaching a fever pitch as they sound the alarm that our economy may be teetering towards total disaster. They’re warning us that our record-high stock market is long overdue for a correction and that a full-blown recession could be on the horizon. If you take a step back and look at the current economic threats to our country, it becomes clear that they may very well be right. There is cause for alarm and we may be in real financial peril. The List: 1. Our ongoing trade war with China. 2. Our escalating tensions with Iran. 3. Our deteriorating nuclear negotiations with North Korea. 4. The power struggle and economic collapse of the Venezuelan Government. 5. Our national debt is now soaring well over 20 Trillion dollars. 6. Record high amounts of government and corporate debt. 7. The intensifying crisis at our southern border. 8. Concerns about the disturbing growth of socialism in our country. 9. The alarming slowdown taking place in economies around the world. 10. The frightening volatility and daily gyrations in our stock market.

The Fed Surprises Everyone

  Additionally, the Federal Reserve recently surprised everyone by holding interest rates steady and then indicating that no more hikes will be coming this year. President Trump is now advocating for a Fed rate cut to help our ongoing trade war with China. That may be a sound strategy, but it is also another bone-chilling revelation about our stumbling economy.  

Smart Investors are Changing Course

  It’s for these reasons that astute investors are changing course and feeling compelled to move toward the safe haven of precious metals. Right now, our entire industry is witnessing a shocking increase in demand. Even central banks all over the globe are seeking protection from the financial storms ahead. According to the World Gold Council, central banks have added gold to their positions the most on record going back to 1971, when President Richard Nixon brought a formal end to the gold standard. In the final quarter of 2018 alone, central banks purchased as much as 195 tonnes; the most for any quarter on record. In the first quarter of this year, central banks bought a total of about $6 billion worth of gold - a startling increase of 68 percent compared with the same period a year earlier. Armed with this knowledge, one has to ask themselves, “If central banks are actively acquiring immense amounts of gold, shouldn’t I?” My answer is, “yes.” I urge you to add a significant amount of gold and other precious metals to your holdings as soon as you can, at levels that you are comfortable with.  

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Watch The Indicators

  We saw warning indicators like the ones revealing themselves now in an eerily similar scenario leading up to the financial crisis in 2008. Prudent Americans began diversifying their portfolios by investing in substantial amounts of gold, silver, platinum, and palladium coins. We worked hand in hand with many of our clients to help them accumulate the perfect amount of precious metals to add to their holdings. They successfully weathered the crisis by recognizing the warning signs and taking the necessary actions to shield their exposure to the financial markets with real tangible assets. We learned a vital lesson in that those clients that prepared early, before the storm hit, were the ones that thrived when the turmoil lifted and skies finally cleared.  

Washington Is A Mess

  With the vitriol that exists in Washington D.C., I don’t think the current political atmosphere is poised to save us from a meltdown that may be coming our way. One thing is becoming abundantly clear. The writing is on the wall, and It’s time that we all pay attention. We should take the necessary steps now to help protect ourselves and our family’s hard earned savings.