TRUNEWS with Rick Wiles - Russian Economist Warns Mega-Size Global Financial Crisis Coming Soon

Episode Date: November 2, 2023

A prominent Russian economist has issued a warning to investors about the onset of an extensive global financial crisis. Alexander Razuvaev, who serves on Russia’s Supervisory Board of the Guild of Financial Analysts and Risk Managers, has expressed concerns about a significant impending crisis. He believes this could be triggered by an event like World War 3 or the disintegration of the European Union and its currency, the Euro. He further speculated that nations such as Italy and Spain might abandon the EU and reissue their currencies in place of the Euro.Speaking to Moscow’s Izvestia News, Razuvaev stated, “Actually, it’s a bankruptcy, a banking crisis, or perhaps another significant event. These signs are indicative of an upcoming crisis, which will undoubtedly have a global impact.” He forecasts that a major crisis would cause a dip in energy prices while the value of precious metals would experience a surge.For Russian investors, he advises a strategic shift in their investment portfolios, moving away from stocks and bonds. He advocates for a portfolio composition with a heavy emphasis on tangible assets, suggesting 75% be allocated to gold, silver, and bitcoin, while the remaining 25% should be invested in oil company stocks.Rick Wiles, Doc Burkhart. Airdate 11/02/2023Watch this FULL show exclusively on Faith & Valueshttps://members.faithandvalues.com/posts/russian-economist-warns-mega-size-global-financial-crisis-coming-soonJoin the leading community for Conservative Christians! https://www.FaithandValues.comYou can partner with us by visiting https://www.TruNews.com/donate, calling 1-800-576-2116, or by mail at PO Box 690069 Vero Beach, FL 32969.Now is the time to protect your assets with physical gold & silver. Contact Genesis Gold Today! https://www.TruNewsGold.comGet high-quality emergency preparedness food today from American Reserves!https://www.AmericanReserves.comIt’s the Final Day! The day Jesus Christ bursts into our dimension of time, space, and matter. Now available in eBook and audio formats! Order Final Day from Amazon today!https://www.amazon.com/Final-Day-Characteristics-Second-Coming/dp/0578260816/Apple users, you can download the audio version on Apple Books! https://books.apple.com/us/audiobook/final-day-10-characteristics-of-the-second-coming/id1687129858Purchase the 4-part DVD set or start streaming Sacrificing Liberty today.https://www.sacrificingliberty.com/watchThe Fauci Elf is a hilarious gift guaranteed to make your friends laugh! Order yours today!https://tru.news/faucielf

This is True News, the truth, the whole truth, and nothing but the truth, so help us God. I'm Rick Wiles. Today is Thursday, November 2nd, 2023. A prominent Russian economist has warned Russian investors that the world is at the beginning of a colossal global financial crisis. Alexander Razumov is a member of Russia's supervisory board of the Guild of Financial Analysts and Risk Managers. He said the world is in for a big crisis that may be sparked by World War III or the collapse of the European Union and the euro currency. He suggested that Italy and Spain could leave the EU and also convert their euros into other currencies.

Mr. Rezulveyev told Moscow's Izvestia News, quote, actually, it's a bankruptcy, a banking, a banking crisis. Maybe something else will happen. But basically, these are harbingers of a crisis. And it will, of course, be global, end of quote. He said that if there is a major crisis, energy prices will fall, but precious metals will soar in value. The Russian economist advised Russian investors to adjust their portfolios away from stocks and bonds. portfolio weighted 75% in gold, silver, and Bitcoin, and only 25%, and that would be in oil company stocks. Let's take a one-minute break, and when I return, Jonathan Rose will be with us to talk about a possible global financial crisis and what you can do to protect your money. Are you concerned about this economic storm and how your IRA and 401k will fare during these turbulent times? Top experts are predicting now is the time to be protecting your assets with physical gold and silver. Find out why Genesis Gold Group is the number one recommended company by your favorite

preppers and homestead channels. Receive Genesis Gold Group's free definitive gold guide today or give them a call at 800-200-GOLD. Well, welcome back to True News. Bloomberg News reported that central banks around the world are hoarding more gold than previously thought this year. The World Gold Council said central banks purchased 337 tons of gold in the third quarter of 2023. That ended in September. Central banks purchased 175 tons of gold in the second quarter and 103 tons in the first quarter of 2023. So far this year, central banks have purchased a whopping combined total of 800 tons of gold in the first nine months of 2023. What's driving central banks to hoard gold?

Genesis Gold Group founder and president Jonathan Rose is here to answer that question. Jonathan, good to see you. Why are central banks this year hoarding gold? Yeah, it's a great question. Now, obviously, with all the uncertainty in the marketplace, we just have to turn on the TV, read a newspaper, and you're going to see a lot of volatility out there or signs of economic stress. Anytime there's economic stress, we are going to see people move to a flight to safety and security that does include the yellow metal. Now, a lot of

these central banks are buying more gold right now than they've ever done so before. Now, why is that? Well, are they going to announce the reasons to us? Absolutely not. But should we be doing what the central banks are doing behind the curtain? I believe, in fact, we should be because they're not going to back up our own dollars for us, but they are concerned with the outlook of the economy, obviously, with what's happening in the Middle East with Israel, what's happening with the bond market, what's happening with the value of the US dollar. Interest rates continue to climb, the housing market on the brinkering of teetering downwards. There's so many problems that we have

right now that people are referring to this as the everything bubble. Everything and more that can go wrong. So what's on my radar right now, but probably the central banks are also looking at, are commercial loans. Commercial loans are also looking at, are commercial loans. Commercial loans are defaulting at such an alarming rate. Actually, there were some great articles that came out about this the other day on Yahoo and on Reuters. And they're just talking about how moody is our credit bureau system that monitors these banks' liability, how safe they are, stress tests, etc. They've been downgrading these banks because these bank balances are carried and are holding very unsafe commercial debt. As commercial debt is defaulting

at an alarming rate, the bank earnings of these large corporations are going to take a hit. Once this gets reported to the Wall Street, Wall Street casino as I call it, then the earnings are going to tumble and so are these bank stocks. So there's a lot of stress that's going to be happening in the banking sector leading up to the end of this year, where there is panic that leads to sell-offs. And obviously, sell-offs are going to affect people's portfolios and obviously market conditions. So central banks are trying to hedge. They're trying to protect themselves. On one side, they may have something that's declining.

They want to have something on the other side of the portfolio that's inclining. Well, you can do exactly as our central banks are doing by protecting yourself with precious metals. I always tell people to start with gold coins, gold bars, whether you're holding onto it yourself or even protecting an IRA or 401k, but do as the central banks are doing because our government isn't going to back up your retirement dollars yourself. So it's just a question of being proactive, understanding this, and not being reactive. So the banks are actually, they're shoring up their own investment portfolio to make sure they are stable. If you look at those numbers, Jonathan, 800 tons the

first nine months of 23. But if you go back to the first quarter, the central banks only bought roughly 100 tons. So the second quarter and the third quarter, they bought 700 tons. And when you look at the numbers, the first quarter was 103. The second quarter, I forget what the precise number was, 175. I forget the exact number. But what we're seeing is a dramatic increase each quarter. So the mindset of the central bankers, as we go into the fourth quarter this year, is far more pessimistic as it was when they entered 2023. Each quarter, they have bought more gold than they bought the previous quarter, which clearly indicates that the central bankers of the world are growing increasingly concerned about the stability of the world.

And those numbers are absolutely staggering, by the way. You know, we say them 800 tons, you know, 200 tons. These numbers are absolutely staggering with the amount of yellow metal that these companies and corporations and banks or these banking cartels, as I refer to them, how much they're buying should be a red flag. And this should be an alarm bell for people to kind of wake up and really understand why they're doing this and what the ramifications are and what this means to people like you and I as an investor. Jonathan, is there an abundance of gold in the world or is it a dwindling supply? Definitely a dwindling supply.

So when you hear the word gold, you also got to refer back to its other name, and that's precious metals. Now, it's precious for a reason because there literally is a finite supply of gold. I believe the last time I checked that if you took all of the gold in the world it would fill about three and a half or four olympic-sized swimming pools. Now when you put that motion in your head and you can visualize that you realize oh boy that doesn't sound like that much gold. And in fact, you'd be absolutely right. There's a finite supply of it. And even

when they do find a new gold source per se, and they start mining and excavating the gold out of the ground, it can take seven years to actually set up a new mine, excavate the gold and make it into a profitable operation as a gold miner. So yes, there's a finite supply of it. I think that's also going to be a bullish factor in these next few years in terms of geopolitical tensions rising, that people pouring into the yellow metal and pouring into something that has a limited supply. So strong demand, limited supply, that's going to be another driving force or a very bullish factor in driving up the price of the yellow metal.

If the central banks bought 800 tons of gold in the last three months, or no, the first nine months of 2023, somebody had to sell it. Where does all this gold come from? Good question. So I used to work on the London Metal Exchange. And on the London Metal Exchange, they trade contracts and futures. So you have these big storing facilities that are holding precious metals. And as we speak, I know Brinks Operations and I have clients that work there. They're building these massive Brinks-style depositories for the government right now. These big gold bars or gold blocks, these good delivery bars, they actually never leave the warehouse. It's almost like contracts being bought and sold, but the gold remains staying in one

location. Now, there have been reports over the years that when reconciliations have been done at these large depositories, that huge bars are going missing and also very much so in silver. So like you said, who is buying these bars, right? If they're beginning to leave the warehouse and people are taking possession of them, are they just rich Saudi families taking their positions and holding on to it? Are they big corporations or are they just other people out there who have a special interest in the gold? So there's definitely a cloud of secrecy in terms of who's actually accepting good delivery bars out there.

But remember, folks, you don't have to have a gold brick at home. You can have something spendable, barterable, but that's still gold, gold coins, gold bars. And again, physical gold and silver that you can hold onto. And I often make the analogy that silver will buy you the bread and gold will buy you the bakery. So they're both very versatile metals. And whether you're holding them onto at home in a safety deposit box or buried in the ground

or it's being held in a licensed depository, backing up your IRA or 401k, there's definitely ways that you can hold on to the tangible assets and explore how easy that is to do, especially through an IRA, which is a tax-free rollover. A lot of people aren't even aware of that. So there's ways you can hold metals and it's just understanding and getting an education on how to store it, how to hold on to it, and how to utilize it in your portfolio. Jonathan, the last time you were here, a source had told you that the Federal Reserve was building massive vaults throughout the Midwest of the United States of America. Were you able to get additional information? I spoke to that gentleman, and he confirmed with me that they are looking

at using these vaults to store metals. So as we kind of enter the era of a cashless society or the CBDC, central bank digital currencies that I've talked briefly about before, you know, the government is very aggressively, you know, hoarding metals. They have to store it somewhere. So these new storage facilities are definitely going to be utilized for metals amongst other arenas, I'm sure. But they're definitely building secure facilities to hold assets like gold and silver. gold. There are major changes coming to American citizens in 2024. There's a tax law that takes effect in January that directly impacts individual retirement accounts. Does that impact your business? No, because in IRAs, IRAs, the beautiful thing about

a self-directed IRA is it's completely tax-free. So you get to defer those taxes. If you have a Roth IRA, then you've already paid taxes on it. If it's a traditional IRA, you can still roll it over tax-free, penalty-free into another asset of your choice. One of those assets of the choice happens to be gold and silver. You may have heard of people putting real estate in an IRA or water rights, mineral rights, again, precious metals. If it's legal and it's allowed in an IRA from the IRS, you can see a list of asset classes that are permissible. And that's the beautiful thing about a self-directed IRA is the self-word to me personally means you're taking the control back. So again, there's going to be no penalties when people do this. It's just a direct rollover

from point A to point B. And in fact, nothing really changes for people who have IRAs or 401ks. You're just moving out of these risky asset classes, moving those funds sideways, and then just holding on to tangible metals. Are you concerned about this economic storm and how your IRA and 401k will fare during these turbulent times? Top experts are predicting now is the time to be protecting your assets with physical gold and silver. Find out why Genesis Gold Group is the number one recommended company by your favorite preppers and homestead channels. Receive Genesis Gold Group's free definitive gold guide today, or give them a call at 800-200-GOLD. Doc, if you had to paint a picture of what the world would look like near the end of the age of mankind before the second coming of Jesus Christ,

I mean, we know Jesus said that there would be volcanoes and pestilences, plagues, and famines in many places. Would your painting also include volcanic eruptions? Would that be part of your imagery of what the world would look like in the last days well i mean that most of the earthquakes the major earthquakes that have occurred in history have been associated with volcanoes in one way or another and so i would say yes and so there's there's your regular normal everyday volcano and then there's super volcanoes there's a surprising political pullout for the 2024 u.s presidential election if there was a three-way race between joe biden donald trump and robert f kennedy okay who would win the election and the political world is uh sitting up and paying attention to this poll rfk jr pulls more votes from trump than biden in a

three-way race hey uh i came across this last night i got a chuckle uh this is a hit piece that was done on me august 31st 2021 a group called camera it's a jewish z Zionist group. Again, two years ago, Rick Wiles warns of a Jewish conspiracy to start world war between Christians and Muslims. What a conspiracy theory, Rick. Well, what's going on right now? We're getting ready to go into World War III, and Christians are fighting Muslims. To watch the rest of this episode, explore exclusive content, join a community of like-minded believers, and foster a Christ-centered family, join us at faithinvalues.com.

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