A new volley in the global currency wars
BRICS vs. the Dollar: The Next Chapter Hi Reader, Let’s dive into today’s articles… | | | News: Dave Gonigam – End-Run Around the U.S. Dollar A major Western bank has already integrated BRICS Pay into its digital payment platforms. London-based Standard Chartered is part of BRICS Pay along with BRICS-based banks like China’s ICBC, Russia’s Sberbank and the State Bank of India. Is BRICS Pay an instant death blow to the dollar? No. But it’s the latest volley in the global currency wars that Washington launched in 2010. The next volley is set for later this week — when the Federal Reserve issues its latest proclamation on interest rates. ⇒ Read More Here | |
Politics: James Howard Kunstler – The West's Reality Crisis Western Civ has been busy losing its mind for about seven years now. It’s so tormented that it has been flirting with suicide, for instance, allowing its borders to be overwhelmed with swarms of declared antagonists to Western culture. The European Union guilt-tripped themselves into letting that happen. The process in the USA appears more sinister and calculated, a sheer political ploy. In any case, nobody is lifting a finger to stop it. Let’s talk reality for a minute… ⇒ Read More Here | |
Retirement: Zach Scheidt – Investment Lessons From a Poker Shark For both investing and poker, you need a healthy understanding of math and probability. You have to manage your risk, knowing when to be aggressive and when to protect your bankroll. It's also important to create situations where your potential returns are far greater than your potential losses. Today I want to share an investment lesson from one of my poker sessions at Aria, a personal favorite place of mine to play. ⇒ Read More Here | |
Markets: Greg Guenthner – The Bears Are Eating Your Tech Stocks The absence of new highs, poor breadth, and sluggish action is taking its toll on the bulls. It’s gotten so gloomy out there that World War 3 and Black Monday have been trending on social media. Investors are on the verge of panic every weekend, expecting cataclysmic events to rip through the markets, sparking a historic crash. But is the situation for stocks really that grim? Not yet… ⇒ Read More Here | |
America: Sean Ring – Biden Corrals AI Will generative AI become sentient and destroy the human race? No. The risks require due diligence. But why does Biden need to get involved? Biden’s AI executive order is full of all the usual unnecessary rules. But one that really was a kicker was this: “Protect Americans from AI-enabled fraud and deception by establishing standards and best practices for detecting AI-generated content and authenticating official content.” The USG can’t protect people from regular fraud let alone AI-enabled fraud… ⇒ Read More Here | |
That’s all for today, we’ll be back tomorrow with what our editors were looking at this week. 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, | | | | | |
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