Playing the Trump Card

The Deep State is trying to stop it... [The Daily FWD] May 16, 2023 [UNSUBSCRIBE]( Playing the Trump Card Good Morning Reader, In today’s Daily FWD, we’re going to cover issues like how both Democrats and Republicans are playing a dangerous game, why now is the most important time to be strategic with your money, what made the Godfather of AI ask for a pause on its development and how the Panic of 1907 is causing chaos today. But first, Jim Rickards shows how even if the government doesn’t face the facts that we’re broke… corporations are already making moves to protect themselves. This isn’t a great sign. And with the division in Washington and a likely Trump nomination coming up… Jim asks the obvious question: how can we keep going on like this? Let’s get into it… [Click here to learn more]( News: Jim Rickards – JPMorgan Opens the War Room JPMorgan has convened a war room that will soon be meeting three times per day to deal with the fallout of the X-Date — the day the U.S. Treasury goes broke — and the possibility of the U.S. missing principal and interest payments on U.S. government securities or possibly skimping on Social Security payments or other entitlements. They’re obviously taking the X-Date seriously, even if investors aren’t. Whether the X-Date arrives or not, investors should at least be prepared for the market turmoil that will arise as the impasse between Congress and the White House comes down to the wire. One party outright rejects financial responsibility altogether, the other party simply pays lip service to it. That’s why you can expect more of the same. Jim predicted both Trump’s win and loss. And looking ahead? If Trump receives the 2024 Republican nomination, which Jim believes he will, he will face the same obstacles, only stronger. The Deep State, the administrative state, whatever you want to call it, along with powerful factions within his own party, are moving heaven and earth to prevent Trump from getting the 2024 Republican nomination. Trump might not be some kind of fiscal conservative… But regardless, today, in 2023, it doesn’t matter. Why not? Because the United States is going broke. That’s not to be hyperbolic… that’s not to scare people. It’s just an honest assessment, based on the numbers. Question is: how can this possibly be sustained? [⇒ Read More Here]( [read more...]( Politics: Dave Gonigam – Playing Chicken in D.C. We’re looking to see if Uncle Sam bursts through the debt ceiling. But if the government defaults and the impasse between Congress and the White House drags on for weeks… we’re looking at a 2008-level crisis. And the investment impact? Stock prices would be cut almost in one-third at the worst of the sell-off. But this much we know: the Republicans and Democrats are playing a game of chicken. Holders of U.S. government securities are being held hostage by the two parties. [⇒ Read More Here]( [read more...]( Retirement: Zach Scheidt – What the Inflation Report Means for the Fed Last week, we got an inflation reading from the consumer price index (CPI) report. As we know, inflation is front and center when it comes to the way the market trades, but more importantly, when it comes to your day-to-day life, what you're paying for rent, what you're paying for groceries, what you're paying for gasoline and many other costs in your life. So now is the most important time to be strategic about protecting your wealth… [⇒ Read More Here]( [read more...]( Markets: Greg Guenthner – Godfather of AI Issues a Warning The Godfather of AI is calling for a six-month moratorium on artificial intelligence research in order to better learn to contain it and avoid its negative consequences. Is this a bit extreme? Perhaps. But that’s why it’s so important to break down the price action of the mega-cap players and the pure-play stocks to determine where we are in this bubble cycle — and what to look for next. [⇒ Read More Here]( [read more...]( America: Sean Ring – Jekyll Created Hyde American financial history is one of the most exciting rabbit holes you can ever fall into. So Sean is going to look into “The Panic of 1907”, also known as the 1907 Bankers' Panic. It was a financial crisis “with everything on it.” Bank runs, a stock market downturn, significant liquidity crises. The panic demonstrated the supposed weakness and vulnerability of America's banking system, which at the time lacked a central bank to provide emergency liquidity to struggling financial institutions. And its consequences still haunt us today… [⇒ Read More Here]( That’s all for today, we’ll be back tomorrow with more of our top articles. Make sure to email us [here](mailto:feedback@paradigmpressgroup.com?subject=Daily FWD Feedback) with any questions or feedback. We look forward to hearing from you! Looking forward to your financial future, [The Daily FWD] The Daily FWD [feedback@paradigmpressgroup.com](mailto:feedback@paradigmpressgroup.com?subject=Daily FWD Feedback) [Paradigm]( ☰ ⊗ [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your The Daily FWD e-mail subscription and associated external offers sent from The Daily FWD, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@paradigmpressgroup.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. The Daily FWD is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our [Privacy Statement.]( If you are having trouble receiving your The Daily FWD subscription, you can ensure its arrival in your mailbox by [whitelisting The Daily FWD.](