Noriel Roubini foresees ‘ugly’ mix of the 1970s and the Global Financial Crisis

Bloomberg/Joe Wiesenthal and Trach Alloway/10-20-2022

“Now, Roubini’s conviction is only growing that the world will be ensnared in a period of stagflation as central banks struggle to keep a lid on inflation expectations and will eventually blink in the face of things breaking in financial markets.”

USAGOLD note: Roubini says, “this is just the beginning of that pain. Wait until it’s real pain.” He is working with Atlas Capital Team to structure a digital currency backed by gold, US real estate, and US Treasuries. We like the gold part of that formula but think the other items just add unnecessary risk and instability. Stick with gold and silver coins and bullion as the chief bulwark against life’s uncertainties.