The economy is already ripe for a recession, Matt from Silver Fortune says, and the government shutdown could push it over the edge…
We’re in the midst of the longest government shutdown in U.S. history. About 800,000 government workers are about to miss their second paycheck in a row. The economy is already ripe for a recession, Matt from Silver Fortune says, and this shutdown could push it over the edge.
Increased debt has made the economy unstable. “It’s as if you have a barrel of explosives.” A government shutdown or trade conflict, not major crisis in themselves, could be the spark to set off the explosion.
Matt ends with an update on precious metals. 2019 will not see a huge rise in prices, he projects. The Fed’s actions could be the next big catalyst for precious metals.
About the Interviewer
Journalist Elijah Johnson, Co-Host of SD Weekly Metals & Markets, vaulted onto the economic scene after launching his “Finance and Liberty” YouTube Channel, to which he’s been called “the 16 year-old smarter than Ben Bernanke”. As one of the youngest sound money advocates around, with a eye on the national debt, the US dollar, and the gold & silver markets, Elijah is on a mission to warn and educate his generation about the risks of the current financial system, and what people can do to protect themselves.