From finance.yahoo.com
Predicting significant market crashes and civil unrest, former CIA advisor Jim Rickards advises urgent preparatory measures as the U.S. approaches polarizing election
NEW YORK, June 29, 2024 (GLOBE NEWSWIRE) — With the 2024 Presidential Election approaching, Paradigm Press Group’s Jim Rickards, a highly respected economist and former advisor to the CIA, Pentagon, and White House, is sounding the alarm on an impending national crisis. Known for his accurate predictions of the 2008 Great Recession, Trump’s 2016 Election win, and the Covid Crisis of 2020, Rickards now warns of social and economic chaos that could follow this election.
Jim Rickards
“The 2024 election is poised to be one of the most tumultuous events in American history,” Rickards states. “We are facing the potential for a 50% market crash, the collapse of the US dollar, and widespread civil unrest. The time to prepare is now.”
Key points of Ex CIA Rickards’ urgent warning:
- Election-Triggered Market Crash: Rickards foresees a massive stock market downturn, with potential losses exceeding 50%, and a significant devaluation of the US dollar.
- Civil Unrest and Possible Martial Law: His forecast includes a high probability of violent riots and social disorder, possibly leading to the imposition of martial law and temporary suspension of civil rights.
- Immediate Action Required: Rickards outlines five essential steps Americans should take immediately to protect their wealth and personal safety.
- Proven Track Record: With a history of accurate predictions, Rickards’ insights and strategies are based on extensive experience and expertise.
The 2024 Presidential Election could be the ‘Tipping Point’
Rickards outlines several reasons as to why the stock market could fall at any moment following the election.
- Election Chaos and Legal Challenges: Rickards suggests that the 2024 Presidential Election could be similar to the 2000 election but on a much larger scale. This could lead to a prolonged period of uncertainty, causing investors to panic and sell off their stocks.
- Refusal to Transfer Power and Civil Unrest: If Trump wins the election, but is prevented from taking office by the current establishment, Rickards predicts widespread civil unrest to break out. Violent protests, clashes with law enforcement, and potential declarations of martial law could create tremendous fear and uncertainty, driving a massive sell-off in the stock market.
- Collapse of the US Dollar: Rickards foresees a scenario where the political instability resulting from election chaos and civil unrest leads to a loss of confidence in the US dollar. As investors seek safer assets, there could be a rapid devaluation of the dollar, causing a fight from dollar-denominated assets, including stocks.
- Increasing Inflation: We still have an inflation problem. The combination of government spending, policies, and political instability could lead to hyperinflation. Rickards warns that inflation could become “1000 times worse” than current levels, eroding the value of investments and causing a stock market crash as investors try to preserve their wealth.
- Policy and Governance Issues: Rickards notes that we can not continue to sustain the current administration’s policies on immigration and spending. If things remain, we could be headed towards economic instability. For instance, massive government spending could lead to a fiscal crisis, where the government is unable to service its debt, causing a loss of confidence in the financial system.
- Historical Comparison: Rickards being one who successfully predicted the 2008 financial crisis, implies that similar systemic risks are present today. He suggests that underlying economic weaknesses, combined with political instability, could lead to a sudden market downturn similar to the collapse experienced in 2008.
About Jim Rickards
Jim Rickards is a distinguished lawyer, economist, and investment banker with over five decades of experience on Wall Street and in international finance. He has advised the highest levels of government, including: the CIA, Pentagon, and White House.
Jim has also authored several best-selling books on economic policy and financial markets. Known for his accurate predictions of the 2008 Great Recession, Trump’s 2016 Election win, and the Covid Crisis of 2020, Rickards now warns of catastrophic consequences that could follow this election.
Take the necessary next steps, NOW
Jim has prepared an entire brief on how every American can prepare themselves for the potential economic and social destruction following the upcoming election.
To follow new stories and updates from Jim, please visit Paradigm Press Group.
Rickards has been making the same wrong prediction for years. Someday he might even be close but be no more in the know than anyone pretending to be ex-CIA
He was right about Biden being pushed out, months before it happened. He was right about Trump winning the 2016 election. He was right about covid. Do you have proof that he is lying about being an Ex CIA insider? Would you put the link here?
Hi John can you post the evidence of your claims here because this article only has the predictions that Did Come to Pass.
Also want to point out he doesn’t claim to be an ex cia, his claim is he’s an advisor to CIA & other offices.
I’m sure there are other’s on here that’s interested in reading the proof that you have, Thanks!
Thank you, Mary. I do hope that we get some answers……
Almighty God is the ONLY ONE who knows the whole story…after all He wrote how it all ends & He is perfect in His accuracy. I get what understanding I presently have from the Bible & those whose teachings coincide with the Bible. The Holy Spirit gives me peace about the true teachings & an uneasiness with rascally stuff. He will give me the strength to stand tall & true honoring Him no matter my earthly ending.
I just think that it is very interesting that this man has been right so often. He is certainly no prophet, but evidently is well connected with people who know what is going on and what MAY happen.
Among the countless blessings of having His Spirit in our hearts is knowing love, joy and peace. That comforts me when I see the conflict between the election fraud deniers and the election fraud detractors. Living in Arizona with open eyes and ears during election season, having peace is remarkable. Hold on to that as the storm approaches.
Do you think we will be here when the stock markets collapsed? I was taught that when US or other countries have economic collapsed, we will be raptured before that happened.