A total economic and social collapse is a catastrophic event characterized by the widespread dysfunction of critical systems, including government, economy, infrastructure, and basic services. While such a scenario is extreme, recognizing early warning signs can be crucial.
I have been monitoring the Cuba scenario. To me, that is the definition of a failed State holding to the remains of a collapsed country ruled by thugs terrified of a popular armed uprising. As our economy was destroyed by design, to control the population and crush the opposition among other goals, I believe I can describe the indications better than someone who never watched this happening.
In my research, a few events arose, as expected. Nevertheless, there were a couple of not-so-evident things that I’m going to point out.
By now, most of you reading this are very much aware of the loom and doom that destroyed the Venezuelan economy, and even these days, we feel panic every time the exchange rate with the USD changes.
For this past month (Oct. 2024), it went up 13%. […]
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It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
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