Canadians no longer buying American.

Seen this coming, paid off my credit card debt, have people wanting to purchase my silver and gold. Not selling could be the wrong decision but my gut instincts tell me to hold onto these assets.

I wouldn't put much stock in the video. It's well done but some of the information contained within is incorrect. If you're working with bad info .... it will result in drawing erroneous conclusions based on the evidence set before you.

Good financial move getting that credit card paid off. I would hope the U.S. would do the same with it's national debt. We put out a bond issue last week and there was very little global interest in buying American debt. We also took a credit downgrade. That means that we will have to offer higher interest rates in order to attract investors. ( That real world fact ... in itself ... disproves the entire video. )

I've seen this before. We're most likely headed into an inflationary recession like we experienced in the 1970's.

The thing that most people don't understand is that the U.S. economy is massive. It's like a mile long freight train. It takes a whole lot of huffing and puffing just to get it up to speed. Once it is up to speed .... it's not like you can switch in onto a different track without derailing the train. You have to think long term. Economic policy put into place today might not be fully realized for another ten years.

As it goes ... Mr Trump is just along for the ride for economic policy which was put into place during the pandemic years. Short sighted people give him far to much credit for being the villain of the peace. They're just playing politics.

The wise man understands that there is a world of difference between politics and economics. They are two completely different fields of study. Get your head clear of all the political static and noise and you will know without a doubt that your gut is pointing you toward the best decision about your silver & gold assets. A U.S. dollar bill or a Canadian loonie is just a piece of paper with pictures and numbers on it. They're just a convenient medium of exchange. When you really thing about it ... do these things have any intrinsic value ?