Red Alert!: Rickards

The bottom line is that we are facing a severe recession, a financial crisis worse than 2008, de-dollarization, lost confidence in the Fed and the U.S. dollar, political repression through the rise of central bank digital currencies (CBDCs) and potentially, extreme social unrest. The winners in this scenario are gold, silver, land, energy, agriculture and U.S. Treasury notes. The losers are stocks, corporate bonds, and commercial real estate.

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