After former President Donald Trump declared victory last week, the value of Bitcoin, gold, and various stocks skyrocketed. Financial expert and author of “MoneyGPT” James Rickards knows why.

“The immediate reaction to the Trump election was stocks took off, and with good reason. His economic policies, less regulation, drill baby drill, basically getting rid of wasteful investment in what I call the ‘Green New Scam,’” Rickards tells Jill Savage and Stu Burguiere on “Blaze News Tonight.”

“So he has a lot of things that are going to be very good for stocks. However, there’s something bigger than Trump. There’s something bigger than the electoral process, which is the economy itself,” he continues, noting that in the next six to nine months, we may be going through a recession.

“There are a lot of signs of recession out there, so we may get off to a rough start, but the same thing happened to Ronald Reagan in 1982. He had one of the worst recessions in U.S. history but finished with very strong growth toward the end of his first term and into a second term,” he explains.

While Rickards believes that Trump’s presidency will overall be a good thing for the economy, he isn’t so sure about Bitcoin as a form of currency in general.

“I’ve studied Bitcoin for a long time,” Rickards says. “If you want to buy Bitcoin, knock yourself out. But I don’t really think of it as a form of money.”

“It’s really just a form of gambling. I don’t really think of it as an investment. There’s no use case for Bitcoin. Now, can you make money? Absolutely, a lot of people have. So my attitude is I’m not a Bitcoin-basher,” he adds.

As for gold, Rickards explains that the value of it isn’t actually getting higher.

“It’s not that gold’s getting higher, it’s that the dollar is collapsing in front of your eyes,” Rickards says. “What’s really happening is you’re watching your dollar evaporate. You’re watching the dollar crash.”

“The main reason is people are looking for alternatives to the dollar. I’m not saying the dollar is going away. You can’t totally get out of the dollar. It’s too big for that,” he adds.

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Financial expert ANSWERS: Should you pay off your debt NOW?

Carol Roth, financial expert and author of “You Will Own Nothing,” is a wealth of information on the current situation we’re facing in America.

Glenn Beck sat down with her to ask her just what the American people need to know in order to make their own informed decisions as the dollar weakens, inflation rises, and the government rolls out Fedcoin.

First, they agree that it’s important to get any grief out now.

“You are going to go through grief as we lose some of the things that we have always traditionally known. It’s better to do it now than it is when the time comes,” Glen warns.

Roth agrees, adding, “We may not be able to stop the train from going off the tracks, but I can personally take shelter. That’s what you have to do; you cannot panic here. You have to prepare and say, ‘What is it I can do? I might not be able to, you know, stop the new financial world order, right, that’s a huge tall order — but what can I do in my life to make myself more secure?”

One of the questions Roth is asked is whether or not Americans should be paying off their debts.

Roth answers, “People sometimes don’t differentiate between debt that is used for spending and debt that is used for investing. There’s good debt and bad debt. You don’t want to be taking on debt for your spending, but you want to be able to use it productively for an investment.”

But what happens to debt if it all goes south?

Roth says that “if the dollar loses purchasing power, it’s actually good for your fixed-rate debt,” because then your “debt is really in a sense worth half as much as it was today in the future.”

She reminds Glenn’s listeners that she’s not a financial adviser and it’s not financial advice — but all this is just “things to think through.”

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'This is INTENTIONAL': Financial expert says Democrats are ruining economy 'on purpose’ — here's why

Former investment banker Carol Roth joined Glenn Beck on the radio program to answer his latest questions regarding the economy: Are we in a recession, despite what the White House claims? At what point do the Fed’s interest rate hikes become dangerous? And how are we expected to bring down inflation when interest rates continue to climb?

No matter what the White House says, the economy is not healthy, and spending billions of dollars on the "Inflation Reduction Act" won't fix inflation. The reality is that the Fed's tools can't fix the supply and demand imbalance "unless the Fed can stop printing money and start printing oil and printing food," Carol quipped. "But they're really focused on the demand side, not the supply side. What we need to be focused on is how do we get more supply in these key areas so that we balance out that from the supply side, not the demand side," she explained.

\u201c-There will be no inflation \n-Inflation is transitory \n-Inflation is good for you\n-Inflation only hurts the rich\n-Inflation is consumers\u2019 fault\n-Inflation is greedy biz\u2019s fault\n-Inflation is Putin\u2019s fault\n-Recessions mean something else!\n-Breadlines are a great way to meet people\u201d
— Carol Roth (@Carol Roth) 1659019694

Carol emphasized that the "Inflation Reduction Act of 2022," which is now backed by West Virginia Democratic Sen. Joe Manchin, will only make things worse —and the Democrats know it.

"[Senate Majority Leader] Chuck Schumer (D-N.Y.) came out and said it, [the Inflation Reduction Act] is Green New Deal Light. This is about spending more money on their climate hoax instead of fighting inflation. He put it out there, it's in a tweet ... they're saying the quiet part out loud. They don't care; this is what they're trying to do," she added.

\u201cNarrator: we knew it wasn\u2019t about reducing inflation\u2026\u201d
— Carol Roth (@Carol Roth) 1659100143

\u201c@caroljsroth @seanzy25255 The only REDUCTION made will be to our wallets\u201d
— Carol Roth (@Carol Roth) 1659100143

\u201c@caroljsroth Oh sure, Ms. Smarty Pants, next you're going to tell us that the Affordable Care Act wasn't about making health insurance more affordable.\n\nWhy, just look at the cost data since it was implemented!!! I mean...\n\n...ummmmm...\n\n...hey, wait a second here...\u201d
— Carol Roth (@Carol Roth) 1659100143

\u201c@caroljsroth Solzhenitsyn- They lie. We know they are lying. They know we know they are lying. They lie anyway.\u201d
— Carol Roth (@Carol Roth) 1659100143

\u201c@caroljsroth @rollypoly31 I\u2019d love a little Chuck Schumer reduction.\u201d
— Carol Roth (@Carol Roth) 1659100143

"I'm calling it 'the Great Reset-sion,'" Carol said. "This is intentional. They are doing this to us on purpose."

Carol went on to explain what this all means for you and what's still to come. Watch the video clip below. Can't watch? Download the podcast here.

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