by Greg Hunter, USA Watchdog:
Financial writer, market analyst and precious metals expert Craig Hemke says the variables are so numerous it is nearly impossible to predict exactly what is going to happen in 2024. One thing is for sure, the variables are all bad. There is the exploding federal debt, now at $34 trillion. The federal government is on track to increase the debt by a whopping $2 trillion in one year!!! There are growing global war possibilities in the Middle East, Tiawan and Ukraine. Low unemployment numbers coming out of the BLS are lies hiding a sick economy. Commercial real estate is a tanking mess. Unrealized losses are in the hundreds of billions of dollars sitting at the banks. There is a growing liquidity crisis brewing. CV19 deaths and injuries are exploding with no end in sight. The Southern border is wide open to terrorists wanting to harm America, according to the FBI. This is just the short list of very real potential disasters that could easily strike. Keep in mind, every single one of these could all happen during 2024. Hemke says, “It’s not fixable. It’s just not fixable. It’s such a joke to hear from the politicians that you are going to get this election year. They will say, ‘We have to have a balanced budget. . . . We have to get the federal budget deficit back to pre-Covid levels.’ Yeah, right. Good luck. That’s not going to happen.”
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When does it all crash to the ground? Hemke says, “I don’t know. It’s arbitrary. Remember the Jenga game where you stack those cubes and you start pulling them out? You don’t know what will be the last cube you pull out that will topple the whole thing. It’s the same thing. What will be the last trillion dollars that will topple the whole thing. There also may be a confluence of things . . . . like nations saying to the US, ‘the heck with you and your dollar.’ Then we have all these dollars that come home, and we have all these dollars swimming around, and the whole thing implodes so quickly. . . . The parallels in the US in the 2020’s compared to Weimar, Germany in the 1920’s are remarkable, and not just monetarily, also societal and political. The similarities are incredible.”
Hemke has a dark prediction if we get a full-blown war, which is looking like it’s on the way now. Hemke predicts, “The Fed cuts rates to 0% again. If we have a full-blown war and we have terror attacks all over the country that is grinding the US economy to a halt, they will have emergency action. . . . Remember when things were going down in Covid and in March 2020, here comes the Fed with . . .all these programs. They lowered the Fed Funds Rate to 0%. They started all this new QE, and the markets just shot up. Gold was up $100 a day for two days in a row. .. . That’s exactly what they will do. The economy will be seizing up, and we will be back to where we were at the beginning of Covid.
There is much more in the 47-minute interview.
