Global Economy on the Brink of Collapse: Investor Issues Dire Warning
Bert Dohmen, founder of Dohmen Capital Research, is sounding the alarm on the future of the US and global economy, warning that the banking crisis is far from over.
In a recent interview with Stansberry Research, Dohmen expressed concern about the recent bank failures in the US and Switzerland, arguing that this is just the tip of the iceberg.
He believes the derivatives market is headed for a seismic crash and that the staggering $1.6 quadrillion of outstanding derivatives internationally is completely unregulated.
Dohmen predicts that the Federal Reserve will print trillions of dollars in an attempt to stabilize markets, but this will not be enough to prevent an economic collapse worse than the Great Depression.
He cites decades of systemic risk in the derivatives market as evidence that this crisis has been building for years.
Dohmen is critical of President Biden’s plans to double the capital gains tax rate, arguing that this will discourage investors from creating businesses and ultimately lead to fewer job opportunities.
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He believes that gold will eventually be a safe haven but warns that investors should be cautious, as there could be a significant correction before this happens.
In conclusion, Dohmen is painting a dire picture of the future of the US and the global economy, warning that the banking crisis is far from over and that the derivatives market is headed for a seismic crash.
He believes that the Federal Reserve’s attempts to stabilize markets will be insufficient to prevent an economic collapse worse than the Great Depression and warns that investors should be cautious when it comes to gold.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
