Good Cop, Bad Cop: BRICS Edition

U.S. dollar is getting grilled…  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

August 02, 2023 UNSUBSCRIBE

Good Cop, Bad Cop: BRICS Edition Good Morning Reader, Today we’re going to cover issues like a failed multimillion-dollar project by the U.S. Military, why you might want to reduce your exposure to some stocks, a new technique in delivering drugs effectively that will change the medical landscape, and what we expect the Fed to do next. But first, Dave Gonigam will tell you about how BRICS nations are grilling the U.S. dollar… They are playing a game of good cop, bad cop with the USD, with some countries fully dunking on America, while others take a back seat. As you probably can tell, however, this story has a much longer arc. That’s why we’re making it the center of this year’s Paradigm Shift Summit. When we gather on Tuesday, Oct. 3, at the Bellagio in Las Vegas, the theme for the day will be “Don’t Bet on the Dollar.” Of course Jim Rickards will be speaking at this exclusive event. And so will the rest of Paradigm’s core team of experts that you’ve gotten to know since we started the Daily FWD, including Zach Scheidt, Byron King, Alan Knuckman, Ray Blanco and James Altucher. You will discover dozens of ways to protect and grow your wealth for the rest of this year and beyond. Registration just began, and we’re throwing open this offer to 322,000 readers. Only 500 total seats are available — and over 125 of them are already spoken for. So if you want in, you’ll want to act quickly. Click here for an invitation and the chance to secure your spot before they’re all taken. Let’s dive into today’s articles… News: Dave Gonigam – The Dollar Gets the Third Degree The BRICS nations already represent almost one-third of the entire global GDP. In fact, the BRICS economies are bigger than the US, Germany, Japan, the UK, France, Canada and Italy combined. China buys enormous amounts of soybeans from Brazil along with aircraft, sugar, beef and oil. Brazil buys manufactured goods from China as well as rare earths, semiconductors and solar panels. To carry out these transactions, they use yuan and reais – not dollars. This is one of many such bilateral trading arrangements springing up in which one party or the other will pay or accept currencies other than the U.S. dollar. Dubai has a deal with China whereby it accepts yuan for oil. Saudi Arabia is discussing a similar deal with China. You won’t see the dollar’s demise overnight. You won’t wake up on Aug. 23 to find the dollar has been replaced as the world’s reserve currency. This will happen in steps and what happens at the Aug. 22 meeting will be the first step in the downfall of the dollar… ⇒ Read More Here

Recommended Reads: ACCESS GRANTED FOR YOU **Please do not share** You’ve been granted access to Jim Rickards’ newest presentation. One that was recorded live from a secure location, deep in the heart of Pentagon City. Please note: Because some of the information you are about to see is sensitive… In fact, some of it has been shared behind closed doors at the CIA and secure rooms inside the Pentagon… For that reason, please not share this access link with anyone. ⇒ Click Here To View

Politics: Sean Ring – The F-35? F* This! The F-35, a U.S. project under development since 1994, the plane to end all planes, simply does not work. This project has taken up nearly $2 trillion and three decades to produce a plane that can’t fly supersonically for too long and can’t go anywhere near a thunderstorm. The U.S. Military needs to do better… ⇒ Read More Here

Retirement: Jim Rickards – Yes, It’s a Bubble Trying to time the market is very risky. You can lose a lot of money being right but early. Markets can remain irrational longer than you can remain solvent. But you can see the dangers forming and prepare accordingly. Be nimble. You might want to reduce your exposure to stocks… ⇒ Read More Here

Markets: Ray Blanco – The Healing Power of Sound Sometimes it’s not just about developing an effective drug. When it comes to treating some of the most devastating and deadly diseases such as cancer and Alzheimer’s, the difficulty often comes from getting the treatments where they need to go within the body. However a new technique developed by scientists at Harvard may prove to be a breakthrough in delivering drugs safely and effectively throughout the body… ⇒ Read More Here

America: Sean Ring – Fed Up to 5.50%? The Fed’s balance sheet has shrunk considerably since its peak in 2022. When the Fed wants to reduce the money supply and control inflation, it sells assets to financial institutions, taking money out of circulation. It’s pretty much a done deal that the FOMC will raise rates to 5.25% - 5.50%... But is the Fed done after that? ⇒ Read More Here

That’s all for today, we’ll be back tomorrow with more of our top articles. Every Friday we address as many reader emails as we can. You can email us here with any questions or feedback. We look forward to hearing from you! Looking forward to your financial future, The Daily FWD feedback@paradigmpressgroup.com

Recommended Reads: Warning: Will "Bidenflation" Destroy Your Retirement? If you're like most Americans, you've worked hard for decades to build your financial legacy. And now, as a result of Biden's disastrous money printing policies, that's all at risk. According to one top retirement expert, "Bidenflation" threatens to destroy your retirement and make your hard-earned savings worthless. That's why you must take action right away to protect yourself… ⇒ Read More Here

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