Urgent: Stash Your Cash Quick

Biden Bucks Are Coming This Summer [The Daily FWD] May 19, 2023 [UNSUBSCRIBE]( Urgent: Stash Your Cash Quick Hi Reader, Happy Friday! We didn’t have our regular weekly Zoom meeting where our editors talk shop on what’s happening in the markets. But instead, as you may know, most of us got together and spent the week on Jekyll Island. If you missed the livestream, no worries! You can watch the replay [here](. Since Jekyll Island was the birthplace of the Federal Reserve, naturally our experts talked about what’s going on with the Fed, if they see rate hikes in the future and how all of this affects you. They didn’t just focus on the Fed, however… Which brings me to some of the questions you all were kind enough to send in this week. Many of you are concerned about the safety of your money because of Biden’s digital currency plans — and rightfully so. Jim Rickards talked extensively in his Jekyll Island interview about how thinks that the CBDC (central bank digital currency) scheme — or Biden Bucks as we call it — will start getting rolled out as early as July… And that might feel like you have very little time to plan out how to safeguard your cash. You may be thinking like our reader Gloria who asked: Should we take stocks and convert to cash? Or like our reader Frank who posed the question: I can’t be the only one retired and living off a monthly payout of “income for life “ from an annuity. Could you advise about the risks or benefits and advice in the current uncertainty? Or like Jacki said: What good does it do to have cash if the government will call it in from savings, IRA's, business sale, stocks and gold and give us a little digital money in return? And as our subscriber Mark put it plainly: How can I protect myself when Biden’s plan goes into action? First, we want to say that we understand why you might feel a little frantic in the midst of the chaos that the current administration is causing. Jim’s advice is this… “We’re already pretty much under surveillance. Biden Bucks is the last step in the total surveillance state and total control of your money. The United States is moving closer and closer to a dictatorial-style government. I know that may sound like a big exaggeration, but I’m afraid it isn’t. It’s just an extrapolation from current trends. You don’t have to be a conspiracy theorist to recognize it. And it’s being enhanced by central bank digital currencies. I advise adopting a variety of alternative currencies including cash (while it lasts), gold coins, silver coins, cryptocurrencies and commodity barter. That’s one reason the government is trying to eliminate cash and kill crypto. It may come down to gold and silver. Get yours while you still can. I recommend keeping some physical cash at home or in a safe place. I wouldn’t recommend too much cash because the time may come when cash is declared illegal and you have 60 days to hand in your cash for digital credit. Handing in too much cash may cause you to be put on a watchlist from a tax or money laundering perspective, even though the money is yours and you obtained it legally. Also, one-ounce silver American Eagles are the best form of money for day-to-day transactions. Additionally, I recommend that you allocate up to 10% of investable assets to physical gold or silver as a hedge and as protection against a banking sector collapse. In the meantime, investors should reduce exposure to stocks. The time will come to return to the stock market. That time is not yet. These are ways to protect your freedom and your savings. The time to prepare is now, before it all hits.” During his stay at Jekyll Island, Jim went into much more than just Biden Bucks… He spoke about the current banking crisis, why he sees a rate hike coming and more. We don’t have the time to get into everything today, but we’ll be sending you snippets over the next week of not only Jim’s conversation, but highlights from the interviews with the rest of our editors. Although we couldn’t cover every question we received, our editors have insight on some of the other questions you all sent in, so keep an eye out over this next week to see if they touched on something you’ve personally been wondering about. Again, if you don’t want to wait that long, you can [click here to see Jim’s full interview](. Now that we’ve covered that, let’s get into some other content our editors have been talking about this week… [Click here to learn more]( Zach Scheidt: Banks Conveniently Change the Rules Credit default swaps tied to Credit Suisse Group AG subordinated debt are tumbling after a panel ruled that the wipe-out of the Additional Tier 1 notes won’t trigger a payout. Seems convenient… Looks to us like the “no default” decision is a convenient changing of the rules… funny, just when failing banks need it the most. Here’s what’s happening… [⇒ Read More Here]( [read more...]( Dave Gonigam: Icahn Caught up in Ponzi Scheme Not a good look for a legendary trader… Carl Icahn is finding himself wrapped up in a ponzi scheme. Keep in mind — valuation cases are hard to make. The prosecutor has to show that the valuations (which Icahn looked to be inflating) are intentionally inflated. It’s not enough to say that they’re wrong. It’s not enough to say they are not well-grounded or not well-reasoned. They have to show there is an intent to inflate them, to juice the stock price or whatever the case may be. In any white collar case, intent is the hardest thing to prove. [⇒ Read More Here]( [read more...]( Alan Knuckman: Energy No Longer Strained by the Cold… But by the Heat The nation’s power grid is in trouble. You may recall how strained the energy grid was in the winter. Now, the summer is joining in on the beat down. Weather scientists expect it to be an unusually hot summer. And the system that we rely on is dangerously close to its tipping point. [⇒ Read More Here]( That’s all for today, we’ll be back Monday with more of our top articles and highlights from our discussion at Jekyll Island. Continue sending in your questions by emailing us [here](mailto:feedback@paradigmpressgroup.com?subject=Daily FWD Feedback). We’re going to try and answer all the most pressing matters over the next week. Enjoy your weekend! 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. 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