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“I think we are at peak dollar… But it’s not something that’s going to happen overnight; it will take decades to unfold,” says Clive Thompson, retired managing director of Union Bancaire Privée in Switzerland. In an interview with Daniela Cambone, Thompson delves into the dangers of the insurmountable debt burden facing the U.S. economy. “The real debt will be more than double what it is today. And the interest being paid on that debt is probably going to be four or five times what it is today,” he warns, painting a sobering picture of the future. Thompson also sheds light on the growing crises in Europe, highlighting the fragile state of the eurozone. “If the euro collapses, every country will start pulling in its own direction. It will be chaos.” Watch the interview now to gain insights into Clive Thompson’s perspective and learn how to navigate these turbulent times.

What is a Black Swan Event and Why It Matters

A Black Swan Event is an unpredictable occurrence that has severe consequences. Historically, such events have reshaped economies and markets overnight, often without warning. According to Clive Thompson, a retired managing director from Union Bancaire Privée in Switzerland, these events could range from pandemics and wars to political crises or natural disasters.

“One day, we could wake up, and everything we trusted—like the dollar or treasuries—might lose its perceived value,” Thompson warned during his interview with Cambone. The lesson? Preparation is paramount. Holding assets outside fiat currencies, like gold, can provide a safeguard against these unexpected upheavals.

The Debt Bomb: A Ticking Time Bomb for the US Economy

The concept of a Debt Bomb was central to the discussion, with Thompson painting a sobering picture of the U.S. economy. He highlighted how government debt is growing faster than the economy itself, compounded by rising interest rates.

Today, the U.S. debt-to-GDP ratio exceeds 100%, and forecasts indicate it could soar beyond 200% in the coming decades. What does this mean for everyday Americans? A growing portion of tax revenue will be consumed by interest payments on debt, leaving less for essential services.

Thompson compared the U.S. government’s borrowing habits to someone maxing out their credit cards: “Imagine if your annual income couldn’t cover your credit card interest payments. Would you lend more money to yourself?”

The take-home message? Investors should take proactive steps to hedge against the risks of escalating national debt. Tangible assets like gold often perform well in such uncertain times, acting as a financial lifeline when fiat currencies waver.

Europe’s Challenges: A Case Study in Instability

The discussion didn’t stop at the U.S.; Thompson and Cambone also addressed the growing instability within the European Union. Economic slowdowns in France and Germany, coupled with potential political crises, pose a significant threat to the euro.

A collapse of the euro, Thompson noted, would send shockwaves through global markets, forcing countries to retreat into isolationist policies. For individuals, this reinforces the importance of diversifying assets beyond fiat currencies and into tangible, reliable stores of value like gold.

Why Gold Remains a Safe Haven

Throughout the interview, both experts emphasized the importance of gold as a hedge against economic uncertainty. While central banks around the world are stockpiling gold, retail investors have been slower to act.

“Gold prices have barely scratched the surface compared to their potential,” Thompson said. He believes the current uptick in gold value is just the beginning of a long-term rally, driven by mounting debt concerns and shifts away from fiat currencies.

For investors over 50—particularly those with retirement savings at stake—gold offers a sense of security. As Cambone highlighted, history shows that waiting too long to invest in gold typically results in paying a higher price.

Conclusion: Preparing for the Future

The conversation between Clive Thompson and Daniela Cambone serves as a wake-up call for investors. Whether it’s a Black Swan Event, the U.S.’s Debt Bomb, or Europe’s economic struggles, the risks to financial stability are real and imminent.

Investors need to act now by diversifying portfolios and including assets like gold, which have proven their resilience through history. At ITM Trading, we specialize in helping individuals safeguard their wealth with tangible assets. Don’t wait for the next crisis to hit—start preparing today.

For more insights and tailored strategies, connect with an ITM Trading expert today.