The Dollar Is in the Danger Zone

It's a Worldwide Power-Grab  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

August 25, 2023 UNSUBSCRIBE

The Dollar Is in the Danger Zone Hi Reader, Happy Friday! Every week, our experts all get together to exchange ideas.  We also take time to address some reader questions.  Like this: Will this announcement from BRICS have a crucial impact on American citizens and international citizens on the home front in a negative way? How can we prepare? The short answer is yes. If what Jim is predicting takes place, Saudi Arabia will be accepted into the BRICS alliance (Brazil, Russia, India, China, South Africa). This in itself is a major power grab by the BRICS challenging the G7 countries. But if Saudi Arabia chooses to break the petrodollar agreement with America and sell its oil in currencies other than dollars… It will be a MASSIVE blow to America and could be what leads to the dollar losing its reign as the global reserve currency of the world, weakening America’s power even more. Or this: If the U.S. loses the distinction of having the dollar as the global currency, who will take its place? And what will happen to the dollar? Well… there is currently no alternative to the dollar in terms of its reserve currency status because of the absence of a sovereign bond market of sufficient size and operational capacity. That role will be very difficult to dislodge, perhaps taking 10 to 20 years to establish the necessary infrastructure and gain the trust of market participants. If no other currency can easily replace the reserve currency role of the dollar, is there any alternative at all? Yes, gold is ready and waiting in the wings. That’s the real danger to the U.S. Treasury market — that sovereign nations turn to gold to escape the dollar. The impediment to another currency as a reserve currency is the absence of a bond market where reserves are actually invested. With gold, there’s no need for a bond market to absorb reserves because you have the physical gold as the resulting asset. If this came to fruition, the dollar would become another regional currency, such as pesos are to Mexico or the pound is to the U.K. Now, let’s get into what they were looking at…  Dave Gonigam: Almost Nothing Is Worth a War Between the U.S. and China Americans and Chinese have to rehumanize each other in terms of the way we conceive of our problems and engage. Most Americans (and most Chinese) probably spend precious little time thinking about what war would do to their own country.  It would be useful to give a wider airing of war game scenarios, such as one carried out recently by the Center for Strategic and International Studies, that make clear just how devastating a conflict could be.  In this example, just one of many, Hawaii, Guam, Alaska, and San Diego, California, would all come under withering Chinese attack, up to and potentially including with nuclear weapons. ⇒ Read More Here

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…   Click here now to get the simple, step-by-step actions to survive “Bidenflation.” ⇒ See More Here

Byron King: Rare Earth Elements And National Security: Reclaiming US Control Amid China's Monopoly Rare earth elements (REEs) are crucial to the U.S. military, but China holds the key.  China possesses 36% of the world's known rare earth reserves and controls 70% of the world's extractive capacity and an astonishing 90 percent of the processing capacity.  This dominance in extraction and processing gives China a commanding position in the global REE market, raising concerns about resource security and international dependency. ⇒ Read More Here

Alan Knuckman: BRICS Bloc Want to Upend the U.S. Dollar. "The days of a dollar-centric world are over. That's a reality. We have a multipolar global trading system today." A top item will be the creation of a new international currency.  How else can one possibly achieve the goal of remaking the world’s existing geopolitical and economic structure? Why would anyone embark on such an ambitious project? And should the United States and its Western allies be worried? ⇒ Read More Here

That’s all for today. We’ll be back on Monday with more of our top articles.  Enjoy your weekend! Looking forward to your financial future, The Daily FWD feedback@paradigmpressgroup.com

Recommended Reads: Urgent "Red Alert" Warning For This Friday Due to the controversial nature of the following content, this urgent “Red Alert” warning will be taken down on Friday at 4:00 PM ET. Don’t miss out, otherwise you could get blindsided. Click here now for access. ----- ⇒ Click here now

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