TRUMP WARNS "INFLATION CRISIS"
CENTRAL BANKS STOCKPILING GOLD
NATIONAL DEBT HITS NEW RECORD: $36 TRILLION +++
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Bank of America investment strategist Michael Hartnett is advising investors to purchase gold even as it nears record-high prices. In a recent note, Hartnett stated that investors should "do what central banks are doing… buy gold."
There have been various well-known figures recently raising concern over the dollar.
Tesla Billionaire Elon Musk, for example, has gone on to issue his own $36 Trillion ‘Bankrupt’ Warning for the US and has alluded to the U.S. Dollar ‘Destruction’. This comes on top of Bank of America's warning of the US debt, sharing it grows '$1 Trillion Every 100 Days'.
Trump has recently discussed the US dollar and how it could lose its position as the world's reserve currency. Trump said countries are dropping the U.S. dollar "like flies," adding that if the U.S. dollar loses its dominant position in global trade, it would be "the equivalent of losing a war."
It's one thing to hear concerns from experts, but when you hear about the actions taking place by 'big money', it makes you think...
When speaking to potential rate cuts, Hartnett shared, "That's because interest rate cuts from the Federal Reserve in the coming months pose a risk to stoking a rebound in inflation next year, and real assets, like gold, have historically performed well during bouts of inflation."
Gold has seen a remarkable rally, with prices up about 20% year-to-date, surpassing the S&P 500 and outperforming tech stocks. Despite this, gold has experienced a net outflow of $2.5 billion as investors take profits during the surge.
The ongoing rally amidst outflows is attributed to "unprecedented central bank buying," Hartnett explained, noting that China's central bank was a significant buyer in 2023. He also observed that gold is now the second-largest reserve asset with a low correlation to stocks.
Unfortunately, a dollar crisis isn't the only threat we are facing.
Under the Biden administration, Executive Order 14067 was passed, promoting a new central banking digital currency. And if you ask why this should be concerning, Tucker Carlson summed it up by saying....It is not that outlandish... It's already happening across the globe.
Europe is one of the latest to release a central bank digital currency and along with it, new cash rules. Christine Lagarde, President of the European Central Bank, shared "Now we have in Europe this threshold, above 1,000 euros you cannot pay cash… if you get caught you are fined or you are going to jail".
And it has also been done in China. The implementation of the digital yuan has set the blueprint for full governmental control of its citizens' everyday lives.
Anyone using the digital yuan has surrendered anonymity. The government knows how much money each person is spending and what they are spending it on.
It simply is a surveillance tool to control the Chinese people.
Helen Raleigh shares, “Anyone who assumes the U.S. and other democracies will not abuse CBDCs like China has done is delusional. The Covid-19 pandemic revealed how quickly democratically elected governments in the West expanded their powers and intruded on citizens’ economic and political freedom in the name of public health.”
Once the digital dollar is implemented, can we truly trust our government to ONLY use it for “good”? The temptation to use the immense powers of this digital tool to further their own agenda would be difficult to resist.
And don't forget about the geo-political factors looming across oceans.
War is raging in the Middle East with no end in sight. China and Russia along with the BRICS nations (Brazil, Russia, India, China, South Africa) are plotting and putting in place 'the perfect plan' to destroy the US Dollar.
Forbes reports:
China is looking to back this new BRICS currency with gold to completely destabilize the US.
And, if that wasn't bad enough, BRICS just announced another 30 countries are applying for membership.
At a recent press conference, Putin said "Should the bloc endorse the applications of all 30 nations, BRICS might transform into a coalition of 40 members. This expansion would confer greater financial prowess and GDP, potentially positioning it as a formidable competitor to the US dollar and other Western alliances."
Now is the time to take control of your financial future. You need to learn how you can diversify and hedge against existing and soon-to-exist threats. Failing banks, inflation... this looks like just the beginning and it seems as if things may get much worse.
Are you prepared?
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It's essential to explore alternative avenues for your wealth. Here are a few reasons why Americans are using this strategy to help hedge and diversify their retirement accounts:
- Shield Against Economic Uncertainty
- Hedge Against Inflation
- Ownership of Something Physical that CAN'T Be Taken Away
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Sources
https://markets.businessinsider.com/news/commodities/gold-price-prediction-buy-record-highs-central-banks-pile-in-2024-8
https://www.forbes.com/sites/digital-assets/2024/03/04/us-dollar-collapse-bank-of-america-issues-shocking-1-trillion-every-100-days-warning-amid-huge-bitcoin-ethereum-xrp-and-crypto-price-boom-to-rival-gold/
https://www.forbes.com/sites/digital-assets/2024/06/21/like-losing-a-war-donald-trump-issues-dollar-collapse-warning-after-huge-bitcoin-donation/
https://www.nytimes.com/2024/06/27/us/politics/biden-trump-debate-who-won
https://www.independent.co.uk/news/world/americas/us-politics/who-won-debate-polls-trump-biden-b2570405.html
https://www.c-span.org/video/?532231-1/president-trump-holds-rally-durham-hampshire
https://apnews.com/article/biden-supply-chains-inflation-economic-council-0b45db127f4c000c56ab4dc51e7b7599
https://www.usatoday.com/story/news/politics/elections/2024/01/09/donald-trump-hopes-economy-crashes-in-2024/72159263007/
https://projects.fivethirtyeight.com/polls/
https://www.foxnews.com/video/6324327043112
https://www.wsj.com/articles/china-creates-its-own-digital-currency-a-first-for-major-economy-11617634118
https://thefederalist.com/2023/09/06/what-will-america-be-like-under-bidens-digital-dollar-look-at-communist-china/
https://www.forbes.com/sites/cme-group/2023/06/02/how-does-gold-perform-with-inflation-stagflation-and-recession/
https://advisors.vanguard.com/insights/article/midyeareconomicoutlookstickyinflationmosteverywhere#:~:text=We%20still%20assign%20a%20high,pre%2Dpandemic%20pace%20by%202024
https://www.newindian.in/brics-gains-traction-30-countries-express-willingness-to-join-in-2024-says-russia/