Reclaiming My Time!

Campaign 2024, Officially Chaos [The Daily FWD] August 04, 2023 [UNSUBSCRIBE]( Reclaiming My Time! Dear Reader, Happy Friday! Every week, our experts all get together to exchange ideas. We also try to take some time on Fridays to answer some of your pressing questions. Like this question, “With the decline of the US Dollar as the global payment currency and its possible replacement, how would that affect businesses, especially small businesses, that operate internationally? My experience is that currencies have to be exchanged and hedged to do business in most parts of the world anyways, so how would this be different than now?” Here’s what Jim Rickards had to say… [Jim Rickards] JIM RICKARDS The Future of the Dollar The dollar is not going anywhere. It is true that a new global payment currency sponsored by the BRICS (Brazil, Russia, India, China, and South Africa) will be announced later this month. This new currency will be defined as a weight of gold, but it will not be redeemable into gold by the issuers; it’s just a way of keeping score in global trade. Meanwhile, the dollar and euro will continue in their usual roles. For that matter, the local currencies in Russia, China, and India will still be rubles, yuan, and rupees as they are today. The new currency is for settling international trade, capital flows, balance of payments, and other international transactions. A BRICS currency bond market may develop eventually to accommodate reserve currency status but that may take years. The real significance of this announcement is that the dollar will have competition on the global stage for the first time since the euro in 2000 and before that the introduction of floating exchange rates in the mid-1970s. The other change is that the new currency will reference the weight of gold. This gives the BRICS (and their other national partners) an interest in a higher gold price, which is best understood as a lower value for the dollar. That will be inflationary in the long run. In the short run, though, there should be very little impact on small dollar-based businesses in the U.S. As you probably can tell, with this story, it has a much longer arc. That’s why we’re making it the center of this year’s Paradigm Shift Summit. When we gather on Tuesday, Oct. 3, at the Bellagio in Las Vegas, the theme for the day will be “Don’t Bet on the Dollar.” I’ll be speaking at this exclusive event about the downfall of the dollar, along with plenty of other big topics. I’ll be joined by my team of experts that you’ve gotten to know since we started the Daily FWD, like Zach Scheidt, Byron King, Alan Knuckman, Ray Blanco and James Altucher. You will discover dozens of ways to protect and grow your wealth for the rest of this year and beyond. Registration just began, and we’re throwing open this offer to 322,000 readers. Only 500 total seats are available — and over 125 of them are already spoken for. So if you want in, you’ll want to act quickly. [Click here for an invitation and the chance to secure your spot before they’re all taken.]( Sincerely, [Jim Rickards] Jim Rickards Now that we’ve covered that, let’s get into some of what our editors have been looking at this week… [Click here to learn more]( Dave Gonigam: Campaign 2024, Officially Chaos Incumbent Joe Biden has the lowest approval rating in history — he shouldn’t be this unpopular but he is. As of Monday, when his son’s former partner Devon Archer testified in Congress, he appeared to be careening toward withdrawal due to impairment, scandal, or both. As dire as Trump’s legal situation may be, the political panic on the blue side is as striking. CNN’s numbers guru Harry Enten woke up Democrats yesterday with a piece explaining that Trump “is in a better position to win the general election than at any point during the 2020 cycle and almost at any point during the 2016 cycle.” Enten cited a “number of surveys showing Trump either tied or ahead of Biden,” a situation he called “arguably… more amazing.” It’s not amazing at all, but papers like the New York Times and Washington Post keep pounding the idea that it is… [⇒ Read More Here]( [Click here to learn more]( Recommended Reads: [$32.8 Billion PER DAY!]( Forget AI, cryptocurrency or anything else – THIS is the biggest profit opportunity of your lifetime. It’s an obscure corner of the market… one which is quietly creating an average of $32.8 BILLION in new wealth PER DAY. That’s $1.2 trillion per year… And if you act fast, you have the chance to get in on the action starting right away. Hurry, though – this video will be removed from the internet on Friday at 4PM. [⇒ Click Here Now For Details]( [Click here to learn more]( Sean Ring: US Government Debt Spikes by $1.2 trillion Stunning numbers out today. Investors will buy the securities, plus those the Fed steps away from. But… Crystal ball sees rising longer-term yields. Call me crazy — really — but what if the institutions suck up all these government bonds, then pledge them as collateral to buy equity? Could this be massively bullish for the stock market but bearish for the dollar? [⇒ Read More Here]( [Click here to learn more]( Alan Knuckman: The Real Scandal of Biden Bucks “Stop CBDC” is a message we’ve heard time and time again. Tens of thousands of people across the UK (where this payment system has already started) have put their name on petitions to stop CBDC. For them, CBDC is a scandal. If nothing else, these responses make clear that cash is much more than a payment technology. It is one of the purest and oldest forms of public good, a symbol of identity and sovereignty. Choices about this public good are, ultimately and rightly, ones for citizens rather than central bankers or cryptographers. They are social, not technological, choices — and sometimes emotional ones. [⇒ Read More Here]( That’s all for today. We’ll be back on Monday with more of our top articles. 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) Recommended Reads: [Genesis 47:15 – For the money faileth]( Jim Rickards started out his 2011 book Currency Wars with this quotation from the Genesis: “And when the money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in thy presence? For the Money faileth.” Now, nearly 12 years later it looks like he was exactly right… Because according to him…The money is beginning to fail. And we are on the cusp of an all-out financial war for the U.S. Dollar And if you aren’t prepared soon…You’re going to get caught in the crossfire. That’s why he’s recorded an urgent briefing to tell you exactly what you need to do to prepare. Because with the fate of the U.S. economy hanging by a single thread… You don’t want to take any chances [⇒ Click Here To View]( [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. 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