The coronavirus pandemic and the US Government's response have taken the world to the brink of an economic collapse. Macro investor Bert Dohmen stated that the banking crisis was not over and just the tip of the iceberg. He predicted a massive crash in the derivatives market and the Fed would print trillions of dollars to stabilize the economy. The economic situation could be as bad or worse than the Great Depression and if federal lawmakers don't reverse their course, the results will be catastrophic.

Regarding the investment, Dohmen cautioned against reading positive headlines about gold, as it will soon hit a top and come crashing down. He did, however, recommend gold as a safe-haven against the rising economic turmoil. As he is not a believer in Bitcoin or cryptocurrency, he did not comment on that particular market.

It is clear from Dohmen's predictions that dire consequences could be in the pipeline. The US Government, in particular, should take note of the warning and act accordingly. It is a scary thought but Dohmen's outlook does seem plausible. Hopefully, measures can be taken to stop the situation from deteriorating too far, especially if the US is not alone in suffering the ramifications of such a crash.



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