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Home»Analysis»The Next Black Swan? Expert Warns of an Economic Crisis that Could Strike Without Warning
Analysis

The Next Black Swan? Expert Warns of an Economic Crisis that Could Strike Without Warning

By ITM TRADING, INC.October 13, 202628 Comments2 Mins Read
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“I think we are at peak dollar… But it’s not something that’s going to happen overnight; it will take decades to unfold,” says Clive Thompson, retired managing director of Union Bancaire Privée in Switzerland. In an interview with Daniela Cambone, Thompson delves into the dangers of the insurmountable debt burden facing the U.S. economy. “The real debt will be more than double what it is today. And the interest being paid on that debt is probably going to be four or five times what it is today,” he warns, painting a sobering picture of the future. Thompson also sheds light on the growing crises in Europe, highlighting the fragile state of the eurozone. “If the euro collapses, every country will start pulling in its own direction. It will be chaos.” Watch the interview now to gain insights into Clive Thompson’s perspective and learn how to navigate these turbulent times.

📖 FREE REPORT: Visit www.danireport.com to receive the latest guides from Daniela Cambone.

📰 JOIN DANIELA’S NEWSLETTER:

📞 ACT NOW, BEFORE IT’S TOO LATE: Clive Thompson stresses that the economic system is on shaky ground, and gold is your best defense. As the global debt bubble looms, protect your future by investing in physical gold and silver. Learn how today: or call 866-706-9061

“ITM did a great job of educating me on the history of the dollar, the financial markets, the banks, gold, and the laws so that I had a better understanding of things.” – Kristen W.

📖 CHAPTERS:
00:00 Insurmountable U.S. debt
12:33 Stock market crashes in history
14:30 U.S. dollar
16:40 European policial chaos
20:39 Gold
26:26 Bitcoin
28:10 Gold performance
29:15 Banking system

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For more than 28 years, Phoenix-based ITM Trading has been a nationally recognized organization for trusted, data-backed research and investor education in the precious metals industry. They strategically assist clients nationwide, specializing in the different functions that physical gold and silver products provide in a diverse portfolio. ITM Trading’s mission is to give investors the knowledge, analysis, and lifetime strategies they require to confidently navigate the intricate monetary policies that restrict economic freedoms. They help build each client a custom portfolio designed to protect and grow their wealth and assets during economic downturns, hyperinflation, and currency resets.

Disclaimer: The information provided in this video is for educational purposes only and should not be construed as financial advice. Gold and silver prices are influenced by many factors and may fluctuate. All assets carry some risk and past performance does not guarantee future results. The views expressed by our hosts or guests do not always reflect the views of ITM Trading nor guarantee a specific outcome. Always conduct your own research and consult a financial advisor before making any investment decisions.

ITM Trading Inc. © Copyright, 1995 – 2024 All Rights Reserved.

#economy #brics #dollar #gold

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Black black swan event central bank gold reserves Clive Thompson crisis Daniela Cambone Debt Bomb Economic economic collapse economic uncertainty Euro Crisis Expert Fiat Currency Risks Financial Stability Global Economic Risks Gold as Wealth Protection gold investment gold price surge hedge against inflation National Debt Challenges Preparing for Black Swan Events Retirement Wealth Security Rising Interest Rates Safe Haven Assets Strike Swan US debt crisis US Economy Instability WARNING Warns
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    28 Comments

    1. @SubtleReed on October 13, 2026 8:44 am

      I'm stocking up on zagnut bars.😋..1 silver coin for a zagnut bar.🤔

      Reply
    2. @larrybulthouse455 on October 13, 2026 8:44 am

      The US collapse will be like an escaping toot as the gas hovers upward

      Reply
    3. @endlessawareness on October 13, 2026 8:44 am

      This is the first time I have heard Clive speak, he is a gent!

      Reply
    4. @leesorenson6119 on October 13, 2026 8:44 am

      It's all noise His truth is marching on ❤

      Reply
    5. @leesorenson6119 on October 13, 2026 8:44 am

      1987 GM left the city of Flint

      Reply
    6. @boybata84 on October 13, 2026 8:44 am

      Revisited this one – Love Clive – Happy New Year to all 🍷🍾🎆

      Reply
    7. @Ashes3333 on October 13, 2026 8:44 am

      It's getting intense Daniella has put her glasses on .

      Reply
    8. @scottiswatchingtele on October 13, 2026 8:44 am

      Hopefully this trump admin will make changes to this forecast. There’s no doubt the debt will become crippling. The issue is if you make bets on current day you’ll lose a large portion of your portfolio by being invested in any risk assets. It us going to get bad before it gets better

      Reply
    9. @eclampsium on October 13, 2026 8:44 am

      What a nice and educated person being interviwed

      Reply
    10. @eclampsium on October 13, 2026 8:44 am

      Simple fact: EVERY GOVERNMENT THAT SPENDS MORE THAN HE EARNS IS DEMONIC, EVERY GOVERNMENT TAXES BEYOUND 10-15% is DEMONIC! These bastards on command only obey Satan and they’re goal is to bring suffering to human kind as a whole in the this world.

      Reply
    11. @franklinmachin8 on October 13, 2026 8:44 am

      Ukraine war, Isreali war crimes, Taiwanese Separatists, etc.

      Reply
    12. @glenmoffatt on October 13, 2026 8:44 am

      Clive Thompson contact details ?

      Reply
    13. @mattk-kf9fx on October 13, 2026 8:44 am

      Thanks Daniela. Always interesting guests but they all seem to fail to understand what is actually happening. Experts are trying to apply logic and economic principles to the current macro picture. The debt issue can actually go on forever and people need to come to terms with this. I work in the investment management industry and my colleagues laughed at me this time last year when I said the S&P 500 would be at 6000 by the end of 2024. I’m sorry but your guest is offering nothing the market doesn’t already know. We are aware of the public debt, the interest amount relative to other expenditure items etc etc. your gusts need to explain to viewers how this market has become a manipulated and corrupted mess. The Fed can expand its balance sheet as long as the USD remains the reserve currency. The elites 15:56 aren’t concerned at all about inflation, especially asset price inflation. People need to stop referring to history, it’s irrelevant… move on and open your eyes…

      Reply
    14. @FernandoF20 on October 13, 2026 8:44 am

      Clive is the best. Great interview, thank you.

      Reply
    15. @TimeTraveller-i5x on October 13, 2026 8:44 am

      Swan events , are not predictable are they?

      Reply
    16. @infantrycaptain9224 on October 13, 2026 8:44 am

      Hi,Daniella! You look great.I'm loving GORO!$

      Reply
    17. @Letnothinggotowaste on October 13, 2026 8:44 am

      There are no experts concerning economics. Buffet closest. US can keep those plates swirling for a long time. Our economy was supposed to crash in: 1970's, Y2K, 9/11, Covid, etc. folks still buying big screen tv's, Costco twice a week (buying crap they dont need), and generally living beyond our means. We all use debt, so hard to throw stones at government. Most founders of US died in debt…

      Reply
    18. @marcgleeson1599 on October 13, 2026 8:44 am

      So that was very “convenient” that a hurricane in the UK shut down the London stock exchange preventing sell orders being fulfilled before the US exchange opened.
      One might say too convenient actually 😉😉
      Weather modification technology had been around and experimented with a long time before the ‘87 crash.
      Coincidence? One has to ponder the question 😃

      Reply
    19. @samreynolds3789 on October 13, 2026 8:44 am

      NO SOLUTIONS for GROWING Poor/Dwindling Middle Classes!

      Reply
    20. @samreynolds3789 on October 13, 2026 8:44 am

      WHY did the 0.1% Elite , put Con Boys -Grifters: E. MUSK/Trump & Project 2025 people , in POWER? 2020 was the RESET

      Reply
    21. @samreynolds3789 on October 13, 2026 8:44 am

      WHATEVER ! Caucasian people -Nations (Russia /AMERIKKKANAZI🇺🇸/EUROPE /(Tag along Canada, Australia/India ) are AT FAULT!

      If you all are NOT CAUSING CHAOS/DEATH/WARS/RACISM, ya NOT HAPPY !

      Reply
    22. @samreynolds3789 on October 13, 2026 8:44 am

      WHATEVER ! Caucasian people -Nations (Russia /AMERIKKKANAZI🇺🇸/EUROPE /(Tag along Canada, Australia/India ) are AT FAULT!

      If you all are NOT CAUSING CHAOS/DEATH/WARS/RACISM, ya NOT HAPPY !

      Reply
    23. @vinceb4380 on October 13, 2026 8:44 am

      Robots don't pay Taxes. As people are replaced by Robots in the workplace. Less Tax is paid. Therefore Government will happily Tax people to death. ☠️☠️☠️☠️☠️

      Reply
    24. @vinceb4380 on October 13, 2026 8:44 am

      Central Banker's are the real Bastard's of the World!
      😱😱😱

      Reply
    25. @mrlarry999 on October 13, 2026 8:44 am

      👍🏼👍🏼

      Reply
    26. @jeanlukeskye on October 13, 2026 8:44 am

      I wonder what he thinks about buying Morgan Stanley digital coins. I'm old so I don't know what to do to with the pennies I have saved and don't want to lose

      Reply
    27. @ginaryan4957 on October 13, 2026 8:44 am

      The signs are everywhere. The collapse is happening and God will allow it to happen…

      Reply
    28. @Jgbaileymusic on October 13, 2026 8:44 am

      Modern day alchemists.🧙
      They’re trying to help but just thickening the fog.
      He doesn’t know the answer does he? As he says, he’d be rich if he did. Which doesn’t bode well for his expertise OR his values.
      And does she even know what intrinsic value or objective context is? Seems to know about gold, magic wands and hopium.

      But the answer is YES!
      A magic wand CAN in fact make it go away! 🧚‍♀️
      Iceland used the wand. IT’S CALLED DEBT CANCELLATION and/or RENEGING And it’s a great idea! The reason it’s gaining traction is because we have already everything we need in a real physical intrinsic and objective context.
      It just makes sense.
      People can own their own homes again. Work sensible hours, have careers that actually mean something. Enjoy time off.
      Then why is everybody scrambling around in fear?

      Could it be because the system is controlled by morons, anti visionaries and despots?
      Pretty good reason to cancel most of not all of the debt. Interest is immoral and harmful anyway. It’s been proven.

      Cancel the debt and reset the rules.

      Reply
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