{"id":331815,"date":"2024-10-23T00:21:00","date_gmt":"2024-10-23T00:21:00","guid":{"rendered":"https:\/\/dailybanglanewspapers.com\/news\/a-kamala-harris-victory-could-impact-markets-by-50-cautions-financial-expert-jim-rickards\/"},"modified":"2024-10-23T00:21:00","modified_gmt":"2024-10-23T00:21:00","slug":"a-kamala-harris-victory-could-impact-markets-by-50-cautions-financial-expert-jim-rickards","status":"publish","type":"post","link":"https:\/\/dailybanglanewspapers.com\/news\/a-kamala-harris-victory-could-impact-markets-by-50-cautions-financial-expert-jim-rickards\/","title":{"rendered":"“A Kamala Harris Victory Could Impact Markets by 50%,” Cautions Financial Expert Jim Rickards"},"content":{"rendered":"

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WASHINGTON, Oct. 22, 2024 (GLOBE NEWSWIRE) — As the 2024 presidential election nears, experienced financial strategist and former CIA advisor Jim Rickards raises concerns about potential economic effects following a Kamala Harris victory<\/u><\/a>. Rickards suggests that such an outcome could trigger a market decline of up to 50%, affect the value of the U.S. dollar, and lead to broader economic challenges.<\/p>\n

\"Jim<\/p>\n

Jim Rickards<\/em><\/p>\n

Rickards, recognized for his ability to foresee significant financial events such as the 2008 financial crisis and the 2016 election of Donald Trump, highlights the potential for political uncertainty to create volatility in the economy.<\/p>\n

\u201cWe\u2019re staring down a perfect storm,\u201d Rickards stated. \u201cIf Harris wins, the market will spiral into chaos, and the dollar could lose its standing as the world\u2019s reserve currency. Most Americans are dangerously unprepared.\u201d<\/p>\n

Rickards points to factors such as economic fragility, rising national debt, and inflation as key drivers that could exacerbate financial instability.<\/u><\/a> He warns that the combination of these issues with political uncertainty may lead to a significant economic downturn, from which recovery could be difficult for many Americans.<\/p>\n

Rickards notes that some of Wall Street\u2019s leading figures, including Jeff Bezos, Mark Zuckerberg, and Warren Buffett, have already begun to liquidate significant portions of their portfolios in anticipation of a potential market decline.<\/u><\/a><\/p>\n

A Financial Action Plan for the Public<\/strong><\/p>\n

In response to these potential risks, Rickards has developed a five-step plan<\/u><\/a> to help individuals safeguard their financial assets. His plan goes beyond typical financial strategies, focusing on investments that may offer protection during economic downturns.<\/p>\n

His five-step plan includes:<\/p>\n

\u201cThese steps could make the difference between safeguarding your wealth or losing everything. The time to act is now, before the markets react to the election results,\u201d Rickards emphasized.<\/p>\n

Broader Considerations<\/strong><\/p>\n

In addition to financial concerns, Rickards has cautioned that the election outcome could have social implications,<\/u><\/a> with the potential for heightened tensions similar to those experienced in recent years.<\/p>\n

Together with former CIA operative Jason Hanson, Rickards has contributed to a report, “How to Make Your Home Your Personal Fortress,” which provides advice on home security measures and personal protection strategies.<\/p>\n

About Jim Rickards<\/strong><\/p>\n

Jim Rickards is a former CIA advisor and an accomplished economist, known for his expertise in global financial markets and geopolitical risk. He is the author of best-selling books such as Currency Wars and The Death of Money. With nearly five decades of experience advising Wall Street and government leaders, Rickards has provided insights to Congress, the Pentagon, and other key institutions.<\/p>\n

Media Contact:<\/strong><\/p>\n

Derek Warren
Public Relations Manager
Paradigm Press Group
Email: dwarren@paradigmpressgroup.com<\/p>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/d968b55a-5e1b-427a-88d5-9a12fd792f3a<\/a><\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON, Oct. 22, 2024 (GLOBE NEWSWIRE) — As the 2024 presidential election nears, experienced financial strategist and former CIA advisor Jim Rickards raises concerns about potential economic effects following a Kamala Harris victory. Rickards suggests that such an outcome could trigger a market decline of up to 50%, affect the value of the U.S. dollar, […]<\/p>\n","protected":false},"author":3,"featured_media":331816,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/d968b55a-5e1b-427a-88d5-9a12fd792f3a","fifu_image_alt":"","footnotes":""},"categories":[57166],"tags":[],"class_list":["post-331815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"_links":{"self":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/331815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/comments?post=331815"}],"version-history":[{"count":0,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/331815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/media\/331816"}],"wp:attachment":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/media?parent=331815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/categories?post=331815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/tags?post=331815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}