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You do not have to be an economist or financial advisor to recognize the massive threat to the U.S. economy posed by China and Russia. The leaders of the BRICS coalition have as their stated goal to replace the dominance of the U.S. Dollar in the world. If they can even partially accomplish this, they will disrupt the abilities of American businesses and citizens to thrive.
If they can fully accomplish their goals, it would cause an economic collapse in the United States unlike anything we’ve seen.
The U.S. Dollar’s status as the world’s reserve currency and the Petrodollar have enabled us to accumulate a massive national debt without crumbling under the weight of it because the vast majority of other nations would crumble along with us. But if China, Russia, or a globalist coalition pulls the financial rug out from under us, we will fail.
Some Americans don’t understand that failure would not be isolated to government finances. It’s understandable some would think they won’t be affected because our economy has always been resilient; even after major downturns such as 2008-09, most Americans were able to come out of it okay and even thrived a few years later under the Trump administration. But what we’re seeing developing right now is very different from 2008-09. A sudden chain reaction of collapses, from stock markets to housing markets, would decimate wealth across the nation.
Central banks know this, which is why they’re moving as much as they can as quickly as possible to precious metals. According to London-based Financial Times writer Daria Mosolova:
Central bankers who manage trillions in foreign exchange reserves are loading up on gold as geopolitical tensions including the war in Ukraine force them to rethink their investment strategies.
An annual poll of 83 central banks, which manage a combined $7tn in foreign exchange assets, found that more than two-thirds of respondents thought their peers would increase their gold holdings in 2023.
Bullion tends to become more attractive in times of instability, and demand has soared over the past year. The amount of gold bought by central banks rose by 152 per cent year on year in 2022 to 1,136 tonnes, according to the World Gold Council, a trade body.
Is it only those managing trillions of dollars in assets who are putting some of their money into precious metals? Of course not. These are unprecedented times and Americans MUST take the proper actions to protect themselves from what appears to be right around the corner.
In fact, so many Americans have been moving into precious metals, some gold and silver companies are struggling to secure metals for their clients.
Except for Genesis Gold Group, a faith-driven precious metals company. They have leveraged their relationships to seamlessly keep the flow of wealth going into their customers’ depositories. By rolling over any of the various types of retirement accounts their customers currently have, Genesis Gold Group has simplified the process of securing the life’s savings of countless Americans (plus, working with them through this link and the links below benefits Gateway Pundit).
And Genesis Gold Group only works with physical gold and silver because it can be stored on the customer’s behalf in a depository.
This isn’t “paper” or “virtual” gold or silver; Genesis Gold Group customers can physically see their precious metals at their convenience. And when it comes time to take a disbursement, they can convert to cash or have their precious metals shipped directly to their homes.
Click here to reach out today through goldbygenesis.com or call 866-904-0140.
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“We have done business with Genesis Gold Group and have had excellent customer service, and found the process to move our IRA’s into physical gold and silver to be very smooth. We appreciate the patience with all our questions and am happy to have their help as we move toward retirement. Thank you!
If you have wealth or retirement that you want to protect with physical precious metals backing a self-directed IRA:
Visit goldbygenesis.com or call 866-904-0140 today.
The post The China-Russia Threat To The Dollar Is Real and Could Decimate Americans’ Finances appeared first on The Gateway Pundit.