What De-Dollarization Means to Your Retirement

[Trading With Larry Benedict]( What De-Dollarization Means to Your Retirement By Larry Benedict, editor, Trading With Larry Benedict About two decades ago, the world experienced one of the most significant economic developments of the modern era. I’m referring to the euro. With the dollar’s pervasiveness, we may sometimes forget the importance of the euro – and the impact it has on the world. Even during its creation, then Federal Reserve chairman Alan Greenspan scoffed at the idea that the euro could have any real impact. But he soon ate his words – in the period that followed, the Dow fell 38%, the S&P sank about 49%, and the Nasdaq plunged as much as 78%. And the U.S. dollar lost 45% of its value after the euro’s creation. There’s a reason to take note of this dramatic nosedive. Because we’re facing an imminent situation that could have a similarly big impact on the markets… and your retirement. And the formation of the euro shows the roadmap to the coming upset… Recommended Link [Market Wizard speaks after years of behind-the-scenes trading successes]( [image]( “There are no bad markets for successful traders.” – Larry Benedict During the worst market in 50 years, those following his work saw the chance for double- and triple-digit growth. At long last, he is coming out from behind his eight-computer-screen trade station to help everyday folks learn to trade smartly. His new One Ticker Trader method is crushing the market… Because it’s a recession-proof strategy that works in bull and bear markets. It’s designed to show you how to make all the money you need… No matter what happens in the market. [Watch it now.]( -- The Euro Roadmap The idea behind the euro began to solidify starting in the late ’80s. A common currency in the EU would simplify trade, offer price stability, and grant Europe greater influence in the global markets. So in 1988, the EU came up with a pathway for moving to a common monetary union, central bank, and currency. It would occur in three stages, progressively moving from planning and policy adjustments to a currency everyone could use. And over the next 14 years, that’s exactly what happened. In 2002, the euro currency began circulating publicly in the form we know today. Please understand: This isn’t just a pointless history lesson you should tune out. Because another group of countries is about to meet – and the outcome of their gathering could set another new currency in motion, just like the euro. Free Trading Resources Have you checked out Larry's free trading resources on his website? It contains a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. A New Currency On August 22, the BRICS countries will hold their 15th summit in Johannesburg. There, leaders from Brazil, Russia, India, China, and South Africa will gather to discuss how to challenge the reserve currency status of the U.S. dollar. The de-dollarization trend has accelerated since Russia’s invasion of Ukraine. That’s due to backlash from the sanctions placed on Russia, demonstrating how USD can be weaponized against countries that don’t toe the line. As a South African ambassador put it, “BRICS started a process that has been expedited as a result of the conflict, as a result of unilateral sanctions. The days of a dollar centric world is over.” Over the past year alone, BRICS central banks have changed more of their reserves into gold rather than USD. China, Brazil, and Russia have also focused on cross-border transactions that avoid using the dollar. And in a speech back in April, Brazil’s president said, “I am in favor of creating, within the BRICS, a trading currency between our countries, just like the Europeans created the euro.” The impact of such a move can’t be overstated. As a former staff economist at the White House Council of Economic Advisers put it: A BRICS-issued currency would… be like a new union of up-and-coming discontents who, on the scale of [gross domestic product], now collectively outweigh not only… the United States, but the entire G-7 weight class put together. That’s why the world will be watching the upcoming summit closely. Because any moves forward could shake global markets. If you’re not prepared, your portfolio – and retirement plans – could take a beating. But if you know how to position yourself ahead of time, you could make as much as $192,000 over the next year by following my strategy. That’s what I discussed at my [Dollar End-Date Summit]( this past Saturday. I shared all the details on what I see coming… and the best ways to profit during the coming months. If you missed that event, I’d encourage you to watch the replay now. [Just click here to watch](. Regards, Larry Benedict Editor, Trading With Larry Benedict IN CASE YOU MISSED IT… [Digital Dollar Could Send These Three Stocks Booming]( A digital dollar (or CBDC) could soon replace the U.S. dollar. Most people could end up holding worthless dollars. But a few could get rich from this new shift. You see, if you know which companies are working on these CBDC projects, you could come out of this shift wealthier than you ever thought possible. [Click here to get the names of three companies that could benefit from this trend, completely free of charge.]( [image]( [The Opportunistic Trader]( The Opportunistic Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.opportunistictrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. 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