Gold Switzerland has released a foreboding report suggesting that the world is on the brink of political and social turmoil, signaling the close of a significant era. This is attributed to deficit spending, substantial debt accumulation, currency devaluation, and inflation, potentially culminating in a Third World War.
Indeed, the paper notably cites a renowned quote from Albert Einstein:
“I don’t know with what kind of weapons the third world war will be made, but the fourth world war will be made with stones and sticks.”
Gold Switzerland points out the concerning trend that many governments may not complete their terms.
“Regrettably, those in power often seem to have a self-destructive tendency, making Einstein’s forecast appear plausible. It’s likely that any president, prime minister, or chancellor elected in Western countries in the near future will not fulfill their term.”
For instance, “Keir Starmer, the newly elected UK Prime Minister, secured a commanding parliamentary majority with just 33% of the vote. Even more striking is the fact that 80% of eligible voters did not back him.”
The United States will have a similar problem after the November elections
Even if Trump secures a victory, it’s likely he will have only a narrow majority. Consequently, nearly half the world may oppose his leadership. Meanwhile, in France, Macron has faced a significant setback in the first round of elections.
Despite being perceived as ineffective, he continues to display a confidence reminiscent of French Marshal Foch during the Battle of the Marne in World War I, who declared, “My center is retreating, my right is giving way. Excellent condition, I’m attacking!”
In the realm of politics, a week can dramatically alter the landscape as leaders desperately attempt to retain their positions. As the French presidential election approaches, Le Pen’s prospects of victory appear to be improving. It’s crucial to recognize that it’s not often that new governments are elected; rather, it’s the sitting government that tends to be voted out.
The British are fed up with the Conservatives, the French hate Macron, the Germans don’t respect Scholz, and the people of the United States are in the unfortunate position of choosing between two old people.”
Historically, political upheavals tend to occur at the end of an era.
“Currently, we are seeing the fall of the U.S. empire, which is economic rather than territorial.”
On the contrary, Gold Switzerland suggests that many European governments are heavily influenced by the US. However, as the US debt situation worsens, its economic and military dominance may diminish rapidly.
Entering the era of the BRICS nations, known for their increasing gold acquisitions and divestment from US Treasuries, it is anticipated that no country or central bank will maintain dollar reserves in the future.
Physical gold is the only suitable reserve asset, as has been the case throughout history.
Western politics is in a state of turmoil. Regardless of which party assumes control, there is a trend toward escalating deficit spending, which could potentially increase at an exponential rate. The United States is particularly susceptible to a persistent debt crisis.
The financial markets are likely to mirror this turmoil in the foreseeable future. Additionally, there is a considerable geopolitical risk. The prospect of a significant conflict, including the possibility of nuclear warfare, cannot be dismissed. Similarly, the threat of cyberwarfare remains a real possibility:
Nations such as China, Russia, and the United States possess the capability to disrupt computer, electronic, and electrical systems to such a degree that it could cripple entire nations.
In our modern era, almost every aspect of life is reliant on computer systems: financial markets, banking, all forms of travel, logistics, the supply chain of essential goods including food, telecommunications, the internet, and more.
The alarming reality is that over the past 50-60 years, the world has become profoundly dependent on these electrical and electronic systems, without which society could regress to a pre-industrial state.
