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Our globe has actually paved the way to the increase of populism, mirroring what took place in the 1930s, when after the Great Depression, democratic leaders took power and World Battle 2 complied with, stated Bob Thompson, portfolio manager of Raymond James.
" In some cases the money battles, competitive decreases, and so on turn into real battles," he said. "We're not there yet, I'm not saying that's going to happen, however sometimes that holds true."
0:00 – The increase of populism as well as risk of battle
6:38 – Loose financial plans and end of democracy
11:58 – Rising cost of living and also financial obligation
17:12 – Overview on currencies
18:12 – Mining clock
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'A democracy cannot exist as a permanent form of government', so what's next?
Our world has given way to the rise of populism, mirroring what happened in the 1930s, when after the Great Depression, populist leaders took power and World War 2 followed, said Bob Thompson, portfolio manager of Raymond James.
"Sometimes the currency wars, competitive devaluations, etc. turn into real wars," he said. "We're not there yet, I'm not saying that's going to happen, but sometimes that's the case."
0:00 - The rise of populism and threat of war
6:38 - Loose fiscal policies and end of democracy
11:58 - Inflation and debt
17:12 - Outlook on currencies
18:12 - Mining clock
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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