Worst Political Slur of 2023

China’s retaliation against Trump AND Biden… [The Daily FWD] May 24, 2023 [UNSUBSCRIBE]( Worst Political Slur of 2023 Good Morning Reader, Before we get into today’s top articles, I want to remind you that our Jekyll Island Whiskey Bar broadcast is almost here! So clear your calendar for tomorrow, Thursday, May 25, at 4 p.m. ET… because you’re invited to this broadcast for free. All you have to do is watch your inbox for our link… no registration required. Make no mistake — Thursday’s Whiskey Bar is completely separate from last week’s Secrets of Jekyll Island Livestream with Jim Rickards and Fed insider Danielle DiMartino Booth (but you can watch that [replay here]( if you haven’t yet had the chance). The Whiskey Bar panel included Jim Rickards… Vice President of Publishing Doug Hill… market strategist Dan Amoss… income specialist Zach Scheidt… mining expert Byron King… and Rude Awakening provocateur Sean Ring — all with drinks in hand. What followed was a free-wheeling panel discussion on several top-of-mind topics: - Jim explained the biggest threat to the U.S. economy now… as well as why he now expects the U.S. dollar’s fall to come sooner rather than later. - Byron talked about his favorite metal right now — which isn’t gold or silver — and a specific way to play it. - Dan told us why Warren Buffett’s economic outlook is all wrong… and what that means for anyone following the “Sage of Omaha’s” advice. - Zach discussed some of his favorite areas of the market, including where he’s putting his own money. - And each member of the panel shared their absolute favorite stocks right now! You’ll hear it all for yourself during the broadcast on Thursday, May 25, at 4 p.m. ET. As I said, you don’t even have to register. We’ll simply email you a link tomorrow before the event. Once you’ve joined in, feel free to grab a drink for yourself, especially if you’re watching from the comfort of home. See you then! Now to today’s Daily FWD… we’re going to cover issues like the government’s big con to save itself, a deeper dive into Russia’s resource abundance (and what it means for America), the latest battle in the semiconductor cold war and how a new bill could be an (unfortunate) win for CBDCs. But first, Dave Gonigam is going to tell you about the situation developing with China. You see, both Trump and Biden have accused each other of being soft on China. And now, the entirety of Republicans and Democrats are pointing fingers across the aisle to find blame. But the time for America to prove itself is growing closer… Will we be soft? Or bring down the hammer? Let’s get into it… [Click here to learn more]( News: Dave Gonigam – “No Blood for Chips!” A few months after Donald Trump launched his trade war against China in 2018, we ventured that the conflict could drag on long past his presidency. By 2019, it was apparent to us the trade war was morphing into a new cold war. The esteemed Carnegie Endowment for International Peace couldn’t bring itself to say the same for another two years. Our outlook was affirmed in the spring of 2020: While COVID consumed most of the headlines, we noticed Trump and Joe Biden accusing each other of being “soft on China.” Now in May 2023, China is an all-purpose boogeyman for politicians of both parties… Democrats are citing China as a reason why Republicans should cave to them on the debt ceiling. Republicans blame “the Chinese Communist Party” for the fact foreigners everywhere are fleeing the U.S. dollar. Now China could enter into conflict that might force America to act. And if war with China comes, it will not be a case of “naked” Chinese aggression: It will have been provoked by petulant American leaders. [⇒ Read More Here]( [read more...]( Politics: Sean Ring – Russia’s Resources Previously, Sean made the case that Russia has 10 distinct natural resources in abundance that we do not in the U.S. Natural gas… crude oil… nickel… palladium… platinum… diamonds… timber… rare earth elements… vanadium… and cobalt. But not everyone agrees with this list. So Sean is going to give exact details on what exactly Russia has and why America is struggling to reach their levels. [⇒ Read More Here]( [read more...]( Retirement: Brian Maher – “Big Coin” — or Big Con? “Some ideas are so stupid that only intellectuals believe them.” We know that we’re approaching the debt ceiling and if we can’t raise the roof… Dr. Paul Krugman, American economist (and apparent intellectual), has, what he thinks is, the solution. He would have the United States Mint strike a single platinum coin denominated at $1 trillion. $1 trillion! The Department of Treasury can stable this exceptional coin at the Federal Reserve. Uncle Samuel can then proceed to author checks against it. A loophole within the United States Platinum and Gold Bullion Coin Act of 1995 grants it all permission. This loophole authorizes the Treasury to mint platinum coins. It does not limit their denominations to a specified dollar quantity. Thus the business would proceed under the color of law. It seems loopholes only apply to the big wigs in Washington, not regular people like us. [⇒ Read More Here]( [read more...]( Markets: Ray Blanco – Winning The Semiconductor Cold War On Sunday, China made the worrying move of banning memory chips made by American company, Micron from use in the country’s infrastructure projects. It's the latest strike in the ongoing cold war over microprocessors in which the United States and China are engaged. Over the last several years, both the Trump and Biden administrations have attempted to cut China off from the technology required to advance their military and extreme surveillance arsenals through microprocessors. And banning Micron is the counterpunch by China. This adds to the growing tension between the world’s two largest economies. America’s attempts to stifle Chinese technology have been mostly successful, leading to foreign investments into China’s semiconductor sector to fall to its lowest point since 2020. Even stricter investment restrictions are yet to come from the Biden administration… and this is when certain stocks begin to bounce. [⇒ Read More Here]( [read more...]( America: Dave Gonigam – The Dollar’s Death March Go figure: The Republican Party is opening the door to a central bank digital currency… in the name of “border security.” Earlier this month, the House passed the Secure the Border Act — a sprawling immigration enforcement bill that does much more than target illegal immigrants. That’s because it mandates employers to use the electronic E-Verify system to verify employees’ citizenship status. Imagine giving Biden the ultimate on/off switch for employment called E-Verify and every American needing permission to work. It gets worse, because the bill includes two pilot projects linking biometric information to E-Verify… and the legislation won’t specify whether that information is fingerprints, iris scans or a DNA swab. [⇒ Read More Here]( That’s all for today, we’ll be back tomorrow with more of our top articles. 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