The U.S. national debt cannot be paid off, says Jerry Robinson, and he shares with Silver Doctors prudent steps to withstand the crisis…
Business Insider reported the global economy is in the worst shape since 2009. Jerry Robinson from Follow The Money joins Silver Doctors to discuss.
The interconnectedness of the economy means if one economy falls, other economies can be affected.
The yield curve has inverted with respect to the 3 Month and 10 Year Treasuries. This has historically preceded recessions. However, Robinson says the Fed could cut rates which could halt the issue for now.
Longer term, Robinson says the U.S. debt cannot be paid off and a crisis is ahead. How can we prepare for a crash? Diversification and being less U.S.-centric is key, Robinson says.
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.