Warning: Global recession 2020, if not depression as in 1929. No country will survive this time
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- Опубликовано: 8 сен 2024
- Message in short: recession is coming, reduce the consumption, increase saving, hold more hard currency such as gold/USD. Be more conservative on investing. Stop lending. Cautious on financial securities and real estate. Sign any contract more than 3 months in USD or anchor exchange rate to USD.
I will try to share my study on this topic, and please comment below to let me know what to talk about.
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Since beginning of this year I noticed more media were talking about recession, especially in March after the yield curve inversion in the United States. Then I noticed more news on EU debt crisis again, Japan government debt to GDP ratio reached 200%+, China experienced worst economy growth in the last 3 decades, Indian bank crisis, Germany recession in Q2 2019. After some study I do believe a big recession is on the way, probably more devastating than 2007, since China can not walk away from it again.
Footages been quoted to connecting the dots:
1, Is A Recession Inevitable? CNBC
• Is A Recession Inevita...
2,How dangerous is China's economic slowdown? | DW News
• How dangerous is China...
3,Hikaru Yamagishi talks about Japan's economy | CGTN America
• Hikaru Yamagishi talks...
4,Germany Faces a Long, Shallow Recession, Eurointelligence's Munchau Says | Bloomberg Markets and Finance
• Germany Faces a Long, ...
5,Are we heading for a global recession? - BBC Newsnight
• Are we heading for a g...
6,Why India's financial sector is in trouble | Financial Times
• Why India's financial ...
7,OECD indicator suggests Korean economy is heading towards recession | ARIRANG NEWS
• OECD indicator suggest...
8,Hong Kong plunges into first recession since global financial crisis a decade ago | CNA
• Hong Kong plunges into...
9,Is Singapore on the brink of a recession? A look at headwinds facing Singapore's economy | CNA
• Is Singapore on the br...
The good news is that Africa will not be in recession. Meaning, Africa is the future and any smart business leader and company will move his business to Africa now before it is too late.
Actually this is relevant. Recession>Oil price drop>Naira depreciate. I will make one video on this chain of reaction
@@LieutZhuNG what about the iran war and oil price hike
@@tosinojo7310 The war will have temporary effect on oil price, while the recession will have profound impact. Lets still pray for the best that oil price will not crash.
Nice Video, very informative. Get prepared guys! It's coming!
Thank you for watching. I am worrying about oil price now, then Naira depreciation
@@LieutZhuNG It seems dollars is also vulnerable ruclips.net/video/LmpXhLTGAU0/видео.html
Saw what happened now, even pessimistic people like me did not anticipate this bad. Probably a depression in our life.
its happening
Provident metals is having problems. I don't trust them.
The gold price shot up so much!
who is this prophet?!
I listen to Economist and BBC podcast everyday then, noticed this. And then did some research. Initial expectation would be June. But it advanced to now