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Notable Economist Issues DIRE Warning, ‘Biggest Crash Of Our Lifetime’ Coming Soon?

It might sound silly, but a bag of chips can tell you a lot about a nation’s economy.

Open up a bag of chips and ask yourself: is the bag as full as it was four years ago, or is it lacking? Buy a new flagship cell phone from Google or Apple, did it come with a charger?

Last night I finally ordered my new phone and a new phone means a new case; my personal favorite? The Otter-box. I have been using them for years, but guess what? I now had to buy the screen protector separately.

Never mind that the cases are retailing for $60 or something ridiculous like that.

All of these developments can be traced back to one culprit and serve as an irritating reminder that the effects of inflation do not merely take the form of increased prices of goods.

Oh no, the effects of inflation often affect the quality of the products so that these corporations don’t have to raise the sticker price. Of course, not only has the quality gone down but the prices have also gone up.

I say all this to draw attention to the idea that our economy is deeply in trouble, and if you look around at all the small signs like phones without chargers, or half-empty bags of chips, it becomes evident.

Years of money printing and an artificial low-interest rate environment have jacked up the prices of both goods and assets to completely unsustainable levels.

Many corporations can no longer pay their current debts with cash on hand, and the nation itself is $33 trillion in debt—something has got to give, and that’s exactly what economist Harry Dent is sounding the alarm on.

Dent believes that the ‘biggest crash of our lifetimes’ is coming in 2024 and warned that certain assets may lose upward of 90% of their current value. Here’s more of his dire predictions:

Writer Howard Paul Anderson said something curious: “Economic crash is 2024. Want proof? Bulls on Wall Street stampeding for the cliff. Major corporations such as Verizon and Bank Of America not only squeezing consumers but now are blatantly stealing from us too. Hidden charges, unrecording payments made to them.”

I have noticed this theft he is speaking of. Everything in America, and I mean everything, has become more scammy in recent years.

Fox Business detailed Dent’s perspective:

The economist noted that this bubble actually started in late 2021 after the height of the COVID pandemic, with the first signs showing in 2022 when Nasdaq was down 38%. The new year will bring the “B wave” of the crash.

“The Roaring 20s bubble was not an everything bubble. [A] real estate barely bubble [in 2008], it was stocks and urban real estate that bubbled,” Dent said.

“This is the one time I’m telling you, do not listen to your financial adviser. Things are not going to come back to normal in a few years.

We may never see these levels again. And this crash is not going to be a correction. It’s going to be more in the ’29 to ’32 level. And anybody who sat through that would have shot their stockbroker.”

Some individuals hoped and prayed that the crash wouldn’t come: “Many companies are experiencing a significant decline in performance, and the major reason, as you all know, is irresponsible and corrupt politicians.
The year 2024 is anticipated to be challenging for the country, and let’s hope there won’t be another economic crash.”

CNBC provided an alternative perspective:

With the Fed expected to cut interest rates in 2024, many predict a strong year for the economy and the stock market, but some are more enthusiastic than others.

Don’t expect a recession, but don’t expect things to go completely smoothly, says Kristina Hooper, chief global market strategist at Invesco.

She’s calling for a “bumpy landing.”

RELATED:

Bank Crash 2.0 Incoming? “I Think The Banks Are Going Down For 2-3 Weeks”

Earlier today, we reported that MetroBank was on the verge of collapse.

Perhaps by the time you read this it will have already gone under.

I have found it’s very common for bank runs to begin on a Friday, let the panic build over the weekend, and then things open up UGLY on Monday of the following week.

Here’s that story in case you missed it.

Another Bank On The Verge Of Collapse?

But now I wanted to shift from that story and remind you about something that might be VERY relevant right now.

And that comes to us courtesy of Ret. Gen. Douglas MacGregor.

We take our reporting very seriously around here and I love to see when our reporting is backed up by big sources.

I've been shouting from the rooftops that the banking failures of April/May are not over.

That was just the start.

I've been saying we almost certainly see a period of time where the banks "shut down" and you can't get your money.

Now I being you this clip from Patrick Bet-David's podcast with Col. Douglas MacGregor who basically confirmed all of that is true.

But worse than I even expected.

I expected maybe 1-2 days of bank closures.

He thinks 2-3 weeks.

He also thinks we don't ever hit a 2024 election.

He sees things getting so bad that we will implode before then.

I don't think he's wrong.

Watch here:

Very interesting that just last week I brought you this same news from Glenn Beck.

Remember this?

Keep reading to see huge confirmation that what I've been reporting is dead-on accurate.

And scroll down to the bottom to see what YOU can do to stay safe when if/when this crash comes:

Glenn Beck: "Monday, You Could Wake Up And The Banks Would ALL Be Closed"

Heads up folks...

I keep sounding the alarm on this because it's big.

Really big.

And it could change your life overnight.

That's not my words, that's Glenn Beck, his guest Carol Roth, even NPR has confirmed.

And when do Glenn Beck and NPR agree on anything?

I've been warning you about this for a long time.

So has Bo Polny.

And I'm going to continue to do so.

Let's jump right in to this latest video from Glenn Beck interviewing Carol Roth.

It's only about 15 minutes long but you need to see it.

If the dollar falls, your life will change overnight.

And speaking of things changing overnight, Glenn says we're at the point where literally you could wake up Monday morning and find all the banks closed.

Watch here:

I know a lot of you like when I post a written transcript so I've got that for you here -- but then scroll down past the transcript because I have a LOT more to show you.

I'm only getting started.

I'll connect a bunch more dots for you down below that you need to see.

It's all coming together: the end of the SWIFT system, XRP, crypto, gold, silver, the fall of the Petrodollar, the end of the FRN, Titanic to Titan...the end of the Federal Reserve, Bretton Woods, Bretton Woods 2.0?

Everything is converging right now, a 100-year event is about to play out.

Now if you're a little confused about why the U.S. Dollar is so important, you need to see this.

It's the "petrodollar" and it's the reason we have such a high standard of living here in the USA.

But when it falls?

Worse than the Great Depression -- and here's that word again: overnight.

Watch this and I think you'll understand:

And here is NPR of all places, confirming exactly what Glenn Beck, Bo Polny, me and so many others have been telling you:

The dollar is the world's currency: It dominates global business.

The dollar is surging. This is who gets helped — and hurt — by its newfound strength

Economists call it the "global reserve currency," a fancy title the dollar got about 80 years ago that has brought some pretty serious perks to the U.S. economy.

But could the dollar get knocked off the top spot? There are challengers emerging, and history shows that countries whose currency dominated the globe can fall from that top spot pretty fast ... even over the course of a few days.

How it started: timing + muscle + lots of gold

The U.S. dollar did not luck its way into the top spot.

It was a carefully engineered plan that unfolded in the mountains of New Hampshire nearly 80 years ago. At the time the British Pound Sterling was the international currency. A title it had held for decades.

The dollar's rise happened pretty suddenly at the Bretton Woods International Monetary Conference in 1944. Bretton Woods was a gathering of world leaders at the end of World War II. They came together to try and establish an international system for trade and finance, to help bind the world together and increase prosperity for all.

Now let's talk solutions...

Because I can't leave you hanging just with doom and gloom.

As always, I leave you with SOLUTIONS!

You may have noticed Glenn brought up gold.

In fact, you've probably been hearing a LOT about gold.

There are many credible rumors saying gold will back the new reserve currency that's about to emerge...wouldn't THAT be interesting!

Gold has been the ONE currency to have stood the test of time.

Literally "God's Money" it has never gone to zero and by all accounts never will.

And the Central Banks know it.

I always say: watch what they DO, not what they SAY.

There's a phrase on Wall Street called "talking your book".

It's a pretty evil thing...

Basically what it means is while you are telling the world one thing, you are secretly doing the exact opposite behind the scenes.

Why?

Because if you can make the entire market panic (retirees, workers contributing to 401ks, people trying to get ahead with investments), then you can swoop in while they're panicking and buy on the cheap!

Vice-versa, if you can create euphoria, you can get the public to buy in at exactly the wrong time....all while you cash out.

It's what Wall Street has been doing forever.

And history is repeating itself right now with Gold and Silver -- in my opinion.

For the last year, central banks across the globe have been buying up as much gold (and often silver) as they can acquire without raising alarm bells.

Now, we see why.

The recent bank runs and ongoing collapse of the U.S. banking system was anticipated by the "elites" and the central bankers who run things behind the scenes. They saw it coming and knew the best way to protect their assets was through physical precious metals.

So...the only question is, are you going to do what they TELL YOU or do what they DO themselves?

It's why Jim Cramer is wrong almost EVERY time on CNBC.

His job is not to give you great Financial Advice.

I sure hope you didn't think that.

No, his job is to "talk the books" for Wall Street and get the narrative out that they want!

Even if it's wrong -- like it is over and over and over.

So, what can you do?

You can do what the Central Banks are doing...get some Gold and Silver.

Precious metals.

God's money.

I just talked about precious metals this week with Bo Polny and now I'm bringing you a solution that you can utilize right away if you're so inclined...

Oh and here's the best part...it's from a faith-driven, conservative precious metals company whose mission is to help Americans tap into the rising precious metals market through self-directed IRAs backed by physical precious metals. And while this service is not unique to Genesis, their adherence to Biblical stewardship of money makes them singularly qualified to receive a sponsored recommendation from this site.

Unlike most companies offering similar services, Genesis deals only with physical precious metals.

So important.

They do not offer "virtual" or "paper" gold or silver.

Oh, and you know who else loves these guys?

Superman.

Literally Superman, Conservative Actor and the man who once played Clark Kent on ABC, Dean Cain.

Check this out:

With Genesis and their depositories, customers can see and touch the precious metals that back their retirement accounts. When it comes time to take distributions, Genesis customers can cash in some or all of their precious metals or have them delivered to their door.

Central bankers aren't slowing down. In fact, nations like China and even U.S. states like Tennessee are quickly but quietly buying up gold to back their own treasuries. When the writing on the wall is this clear, it's understandable why these governments are moving quickly to get ahead of any potential economic catastrophes in store.

Working with Genesis is the best way our readers can explore the physical precious metals market through self-directed IRAs. It benefits us as well when our readers work with this America-First company.

Visit genesiswlt.com or call 866-292-0443 today.

Don't wait too long, according to Weiss we have more bank failures right around the corner.

You know what has NEVER "failed"?

Gold.  Precious metals.  Indestructible.

There's a reason they call it "God's money".

Watch this for more:

Stay safe!


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