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Economist Peter Chef, who is famous for predicting the 2008 financial crisis, supported Donald Trump during the election season. However, before Trump returned to the White House, the chef of alerting about his approaches to a critical issue to America looked: trade.
At a press conference in Mar Lago, Trump had a commercial deficit with Canada and Europe, and announced plans to impose a major tariff to address the defect. These definitions later caused ripples through the international economy.
Chef, EURO Pacific Management, does not heavily agree to the president.
“Trump takes the commercial deficit everything wrong,” he wrote, where he shared a clip from the Peter Chef exhibition, where his criticism was placed.
“Trump said that we have a great trade deficit with Canada as if this was harmful to the United States – it actually helps the United States. It is unfortunate that we are not productive enough to get all these Canadian products,” Chef explained.
Donald Trump specifically said that we do not need any Canadian cars, we do not need any Canadian wood – of course we do! I mean, we build homes, and we drive cars. I mean, if we do not have access to Canadian wood, Canadian cars or any other things that we import from Canada – America imports a lot of things from Canada – what does Trump think at this price?
America imports a large volume of goods from Canada – and is not limited to wood and cars. The list also includes crude oil, petroleum products, natural gas and electricity, among other things.
Chef also criticized Trump’s view of the trade deficit with Europe, noting that America relies on European goods as well.
Chef has not been overlooked, stressing that by imposing tariffs, “Trump wants to add to the inflationary problem.”
It is not alone in this criticism, as economists often look at a double -border sword. On the one hand, they can protect local industries by making imported goods more expensive, giving local manufacturers a competitive advantage. On the other hand, high definitions may increase the costs of consumers, as companies transport additional expenses. This can lead to inflation, corrosion of the purchasing power of the family and raise the cost of living.
While some economists, including Nobel Prize -winning, claimed that the United States has won the war against inflation, a chef does not agree strongly. “Inflation has won the war,” declared. “Inflation will get worse.”
How worse? And he warned last year, “By 2025, inflation is likely to be double numbers, and the first number may not be a number!”
Given the terrible chef expectations for high price levels, where the investors should search?
Its answer is simple: gold.
attractiveness Investing in gold It lies in its unique properties: the yellow metal cannot be printed in unlimited quantities by central banks such as Fiat Money. And because its value is not related to any currency or one economy, gold may provide protection during periods of economic uncertainty.
With inflation erosion of purchase of paper currencies, Gold’s gravity often grows as a stable store for value, which increases demand. In 2024, gold prices increased by 26 %, exceeding 2600 dollars an ounce.
Chef believes this is just a beginning. “If gold managed from $ 20 an ounce to 2600 dollars an ounce, it can move from 2600 dollars to $ 26,000, or even to 100,000 dollars. There is no limit because, again, gold does not change – it’s the value of the decreasing dollar,” he said recently.
At today’s prices, the rise to $ 100,000 represents an amazing rise of more than 3,600 %.
One of the investment methods is gold, which also provides significant tax benefits Bull.
IRA of gold allows investors to carry gold or gold assets related to gold within the retirement account, which combines IRA’s tax advantages with preventive benefits to investing in gold, making it an attractive choice for those looking to hedge from their pension funds against economic uncertainty.
To find out more, you can get a free information guide that includes details about how this Get up to $ 20,000 in free metals On qualified purchases.
In addition to gold, real estate is another hedging time for inflation-with an additional benefit of generating negative income.
When inflation rises, property values are often increasing, which reflects the high costs of materials, employment and land. This makes real estate a convincing store of value for investors looking to protect their wealth.
Moreover, real estate depends not only on the estimate of returns. Rental properties, for example, can provide a fixed flow of negative income. With the high inflation to the high cost of living, the rental revenue usually rises besides it, which helps the owners compensate for the corrosion of purchasing power.
Over the past five years, the NSA NSA index has increased by the S& P Corelogic Case-Shiller with more than 50 %.
One way to invest in real estate is to buy rental real estate and become the owner of the owner. But for ordinary Americans who want to avoid the need for a huge first batch or the burden of property management, such as group financing platforms such as receipt It makes it easy to cut yourself a piece of that pie.
With arrival, you can Invest in Rental Homes, less than $ 100 Without worrying about cutting the promoter, fixing the leaked faucets, or dealing with difficult tenants. This process is simple: browse a selection of homes that have been examined for its estimation and income capabilities. Once you find a feature you want, select the number of shares you want to buy, then sit like you Start receiving rental revenue deposits From your investment.
The platform allows accredited investors to have a share of commercial real estate rented by national brands such as Whole Foods, CVS, Kroger and Walmart. FNRP provides a white glove service for investors so that you can deal with experts, Explore the available dealsEasily customize, all in one custom safe gate. Investors can enjoy the ability to do so Collect stable grocery stores Every quarter.
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This article only provides information and should not be explained as advice. It is provided without guarantee of any kind.
