"The economy is going to come to a standstill and worse because everything starts imploding," says Bert Dohmen, founder and president of the Dohmen Capital Research Group. He explains that in the wake of the banking crisis, it becomes challenging to get a loan from the bank "no matter how trustworthy" a borrower is. "There's no lending going on," claims Bert. Additionally, he continues that President Joe Biden's current spending plan, which aims to double the capital gains tax on corporations and wealthy Americans, is a "killer for the economy."
Bert asserts that "investors create businesses, and businesses create jobs. If nobody creates businesses, you have no job creation."
Given the current uncertain environment, he concludes that investors should seek safety in U.S. treasury bills. However, he predicts that gold price will experience an up and down in the future and that its recording high indicates a sell signal. Video by Stansberry Research.
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