FBI vs. The Church

Joe Biden’s Justice Department [The Daily FWD] August 11, 2023 [UNSUBSCRIBE]( FBI vs. The Church Hi 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 one: “When the US government replaces the dollar this year, what happens to our stocks that many of us have at Fidelity, Charles Schwab, etc. Should we sell all of our stocks and put the money into gold?” Generally, we recommend keeping your portfolio as diverse as possible. So at this time, there’s no need to exit stocks. We still recommend keeping 10% of your portfolio dedicated to gold. CBDCs will certainly bring increased competition in the banking space. But it could also give banks the opportunity to rise to the occasion. While smaller bank stocks may struggle, big banks like Fidelity and Schwab have the capacity to use central bank digital currencies to release their own, competing products. Overall, there’s no rush to get rid of big banking stocks… yet. We have to still see how banks operate in this new Biden Bucks environment. We also received the question, “What does the BRICS de-dollarization trend mean for investors?” Here’s what Jim Rickards had to say… [Jim Rickards] JIM RICKARDS Free Lunch: Over For decades, Americans have had what tasted like a free lunch by consuming so much, importing so much, and having foreign countries pick up much of the tab for our exploding budget deficits. We cannot and should not expect this state of affairs to be permanent. So, as dollar dominance fades, investors will face a higher inflation, lower-growth environment. That’s over the next decade. In the months ahead, deflationary trends could take investors by surprise. As the lagged impact of Fed rate hikes takes effect, credit supply will tighten, the job market will cool, and default rates will rise. The resumption of student loan payments will be an accelerant. Meanwhile, the surprisingly high U.S. budget deficit is exerting an inflationary force on the economy. It does this by issuing checks to defense contractors and entitlement recipients without balancing this “demand” that’s injected into the economy with new supplies of goods and services. Plus, as OPEC oil production cuts kick in, and gasoline demand is not very economically sensitive, gasoline prices are ticking up. In short, investment bank surveys, fund flows, and media attention all confirm that almost every investor is overexposed to tech stocks at a time when they’re vulnerable to a long-delayed recession. And the lack of flows, attention, and cheap valuations in energy and natural resources confirm that opportunities are plentiful in these areas of the market… The BRICS Summit, happening August 22nd, will trigger absolute chaos in the markets with more than $7.5 trillion set to change hands in a matter of hours. I’m calling it “Biden’s 9/11 Moment”... And while I don’t predict a physical attack on America in the coming days… I do believe that millions of Americans will suffer financial tragedy from an economic attack that could be impossible to come back from (if your portfolio isn’t prepared for the impact). Which is why I'm hosting a special strategy session on Tuesday, August 15th at 7pm ET to give you all the details and help you prepare. [Click here to see the details and save your spot.]( Clicking the link above automatically registers you for Biden's Final Deathblow to America, but does not obligate you in any way to attend the event. By reserving your spot, you will receive event updates. We will not share your email address with anyone. And you can opt out at any time. [Privacy Policy.]( Regards, [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]( Jim Rickards: Joe Biden’s Justice Department The U.S. House Judiciary Committee on Wednesday claimed to have uncovered evidence of “multiple” field offices of the Federal Bureau of Investigation coordinating an investigation into traditionalist Catholics earlier this year. A leaked memo from the FBI’s Richmond, Virginia, field office, published on the internet in February of this year, discussed investigating “radical traditionalist” Catholics who the bureau alleged may have been part of a “far-right white nationalist movement.” The memo generated blowback from U.S. bishops, attorneys general, and elected officials on Capitol Hill. Senators and U.S. representatives over the past several months have grilled both Attorney General Merrick Garland and FBI Director Chris Wray over the controversy. The FBI has painted parents as domestic terrorists, pro-lifers as domestic terrorists, now, Catholics as domestic terrorists… who’s next? [⇒ Read More Here]( [Click here to learn more]( Recommended Reads: [White House insider exposes epic Biden mistake]( Thanks to the incompetence of President Joe Biden… [And the HUGE mistake he made on February 24, 2022]( And an unthinkable event has now happened… Bringing in hyperinflation like we’ve never seen… Crushing the value of the money in your savings and retirement accounts… Tanking our economy… And changing our country’s global standing forever. But there’s still time to protect your money. But you can’t wait. [See Biden’s terrible mistake here.]( [⇒ See More Here]( [Click here to learn more]( Dave Gonigam: True Costs of a Naval War with China In this sobering interview, we explore the losses U.S. forces would face if mainland China attacks Taiwan and the United States comes to Taiwan’s aid. The Center for Strategic and International Studies developed a simulation for a Chinese invasion of Taiwan and ran it 24 times. In most scenarios, the United States/Taiwan/Japan defeated a conventional invasion by China and maintained an autonomous Taiwan. However, in this simulation, the United States and its allies lost dozens of ships, hundreds of aircraft, and tens of thousands of servicemembers. Taiwan saw its economy devastated. Further, the high losses damaged the U.S. global position for many years. China also lost heavily, and failure to occupy Taiwan might destabilize Chinese Communist Party rule. [⇒ Read More Here]( [Click here to learn more]( Alan Knuckman: Meme Stocks Are Making a Comeback The meme crowd, it turns out, is back at it again, driving up stocks and burning short sellers just like they did back in the wild early days of the pandemic. Tupperware Brands Corp., Nikola Corp. and Yellow Corp. have spiraled higher, sticking short sellers in the process with some $435 million in losses over the past two months. While seemingly untouched by those sudden market swings, big traders have made it clear that their roles as big gamblers against individual stocks are over. [⇒ 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: [CURRENCY WARS ALERT]( With Putin invading Ukraine…Rising tensions with China… Inflation, recession, supply chain issues, and the potential for greater violence is breaking out all over the world. It seems as if some of my worst fears have finally come true. [That’s why I’ve recorded this message from Pentagon City.]( To tell you exactly what you need to do to prepare for what comes next. Because if history is any indicator, soon…and I mean very soon… This war is not going to end well. [⇒ Click here to view my urgent message from Pentagon City.]( [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. 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