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Furthermore, he argues that the U.S. should consider its vast federal lands as economic assets—gold and other vital minerals could be mined and monetized to hedge against national debt. The U.S., he claims, has options for generating wealth through these untapped resources, alleviating concerns about bankruptcy or unsustainable national debt.
Final Thoughts and a Look Ahead
Looking to the future, Rickards predicts a potentially tumultuous path for markets, emphasizing that while a recession may be looming, constructive policies that promote domestic manufacturing and sustainable economic practices could foster long-term growth.