Global Trust in the U.S. Dollar Is Under Threat – But You Can Still Protect Your Wealth

[Inside Wall Street with Nomi Prins]( Global Trust in the U.S. Dollar Is Under Threat – But You Can Still Protect Your Wealth By Nomi Prins, Editor, Inside Wall Street with Nomi Prins If you’ve been following the media lately, you've seen news headlines like: “Is the U.S. Dollar’s Dominance Under Threat?” – Morgan Stanley “Threats Mount to Dollar's Role as World's Reserve Currency” – Barron's “The dollar could be facing an existential threat” – Investors Chronicle These are just a few examples of the sentiment surrounding the U.S. dollar right now. And you might be having a hard time separating fact from fiction... But the truth is, the U.S. dollar is under threat. All over the world, trust in the dollar as the currency for payments and reserves is slowly eroding. From Brazil to China, foreign nations are beginning to turn away from dollar-denominated assets. This trend isn’t new. In fact, it’s been in motion for the past few years. That doesn’t mean the dollar is going away as the world’s dominant currency. But it does put your money on shaky grounds. That’s why this Wednesday, June 21 at 8 p.m. ET, I’m hosting an emergency briefing called Countdown to Chaos. In it, I’ll explain more about the changes happening to our currency… and how you can position yourself ahead of what’s coming. [To sign up for my event, just click here.]( Now, in a two-part essay, I’ll discuss why you should pay attention to the wars being waged against the dollar. I’ll also show you how there’s a silver lining for investors who position themselves early… Recommended Link [The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty]( [image]( A unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! In fact, Business Insider says this type of investment could provide “enough money to live off of each year, without having any other retirement plan...” “Royalties” are the most exciting investments in history. Put simply, they’re periodic payouts… That could deliver all the money you need for your retirement… While these “royalties” are different from traditional royalties, just one could hand you enough income to live life on your own terms. And it only takes a few minutes to set up. [Learn how to collect your first payout before September 10th.]( -- Trust Is Eroding In March of last year, the Fed began its series of quick interest rate hikes. These hurt the value of Treasury bonds that U.S. banks held for liquidity purposes. That created massive paper losses. But when a large number of depositors take their money out at the same time, these paper losses turn into real ones. We saw that first with the collapses of Silicon Valley, Signature, and Silvergate Banks. Then, the major European bank Credit Suisse failed shortly afterwards. First Republic Bank was the next one to go belly up. And PacWest looks like it’s on the verge of collapse. When depositors get really worried about the safety of their money, that can cause a domino effect in the banking sector. Yet, rising interest rates didn’t just trigger volatility in the banking sector. They contributed to an eroding of trust in the dollar as a payment system globally. Higher interest rates made borrowing U.S. dollars too expensive. That’s especially true for emerging market countries. It makes paying back their debts even more challenging. Recommended Link [Former CEO of Home Depot warns: “A lot of bankruptcies”]( [image]( Something strange is happening in our financial system. According to analysts at UBS, more than 50,000 retail locations could shut their doors in the months ahead. Already, Walmart, Foot Locker, Bed Bath & Beyond, and Macy’s are cutting stores. And former Home Depot CEO Bob Nardelli recently issued a grim warning: “We’re going to see a lot of bankruptcies. [This is] different than anything I have seen in my 52 years…” What does it all mean for your family and your money? According to Dr. Prins, our money is about to change forever… and the overhaul is set to happen in just a few weeks. To help folks prepare, she’s recorded a briefing that explains all the details of what she calls a ‘reset’ to our financial system. In it, she lays out all the evidence of this currency crisis, and what you can do to prepare. [Click here now to see her full (and free) presentation.]( P.S. The last time we saw a similar transformations to our money, folks who failed to prepare were blindsided. But those who moved their money beforehand had the opportunity to multiply their nest-egg as a result. [Click here to see why.]( -- As a result, collectives like Brazil, Russia, India, China, and South Africa (the BRICS) and other countries are increasingly trading with each other using non-dollar currencies. President Lula of Brazil, the world’s 10th largest economy, announced his intent to reduce Brazil’s reliance on the dollar in foreign trade during his recent visit to China. India developed a rupee payment system that enables trade settlements away from the dollar. Plus, Indian oil refiners are now using the UAE’s dirham to buy Russian oil, instead of using the U.S. dollar due to sanctions against Russian oil. Argentina, on the other hand, just announced that it will start paying for Chinese imports in yuan rather than dollars. You see, Argentina is struggling with inflation. In April of this year, it soared 108.8% year-on-year. This is the highest level since 1991 after rising 104.3% in March. And it’s losing dollar reserves at a fast pace. At a mere $35 billion, Argentina's central bank reserves dropped to their lowest level since 2016. In fact, net reserves are almost completely depleted if gold is not taken into account. The South American country hopes that the currency deal will ease its diminishing dollar reserves. It also hopes this will lessen its dependence on the U.S. dollar. All of these examples point to how countries are speeding up their efforts to turn away from the dollar. But there’s more to the story… Recommended Link [Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse – reveals his strategy:]( [image]( The One-Ticker Retirement Plan How to make all the money you need – in any market – using a single stock. [Click here for the name of the ticker…]( -- Foreign Governments Are Dumping U.S. Treasury Bonds U.S. banks are failing... borrowing costs are rising... For policy leaders around the world, that’s a problem. They’re afraid of further losses. And they’re looking for a back-up plan that doesn’t put them at the mercy of the U.S. dollar. That’s why we’re seeing a collapse in foreign holdings of U.S. Treasury bonds. In fact, foreign treasuries and governments were dumping U.S. Treasuries throughout 2022. At the same time, the Fed was raising rates aggressively. That is not coincidence. It’s not a conspiracy theory, either. You can follow the money. Just look at China, for example. It’s the world’s second-largest economy. And it holds the most U.S. Treasuries, second only to Japan. After the Fed started hiking rates last year, China cut its holdings of Treasuries to its lowest levels in more than a decade. You can see that in the chart below… China sold nearly $154 billion in U.S. Treasuries between March 2022 and January 2023 alone. And it’s not just China. Japan, which holds the most Treasuries, sold $125 billion during that period. But this trend isn’t limited to the financial crisis of the past year. It’s a sign of a global push to move away from the dollar… Tomorrow, I’ll tell you why pushback against the dollar is gaining steam globally. I’ll also explain what you can do to protect your hard-earned dollars. It involves one little-known asset that has the potential to make your money go up by as much as 50x… Stay tuned for more. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. There’s no doubt about it – the U.S. dollar is not as powerful as it once used to be. And now, the Federal Reserve and financial elites are set to launch a new attack on the dollar… I’m calling it the Fed’s “final mandate” on the American people. To maintain power and influence, the Fed is about to unleash a major overhaul of our monetary system. It will end the dollar as we know it. That’s why I’m hosting an emergency briefing called Countdown to Chaos this Wednesday, June 21 at 8 p.m. ET. In it, I go into how the Fed is about to change our financial lives forever… and what you can do to stay ahead. To help you make the most of my special briefing, I’ve prepared a special report called The 722 Bank Bombshell: Is YOUR Bank Next to Fail? In the report, I reveal seven banks that are on the brink of failure. This type of research is usually reserved for my premium subscribers. But the upcoming situation is so urgent that I had to share it with all my readers. [To access it, just upgrade to VIP when you sign up for my event instantly here.]( I look forward to seeing you on June 21. MAILBAG Last week, fellow reader Ted wrote in about his thoughts regarding the Fed… The Fed will do whatever Wall Street and the White House tells it to do, which is nothing for now. It’s really amazing, and sad, how cavalier these people are about ruining people’s lives with their preposterous policies. If it affected their job and income, perhaps they would be more vigilant and wiser. – Ted T. Do you agree with Ted that the Fed does whatever Wall Street and the White House tells it to do? How do the Fed’s actions impact the U.S. dollar, in your opinion? Write us at feedback@rogueeconomics.com. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Inside Wall Street Feedback). IN CASE YOU MISSED IT… [“One-Stock Millionaire” Trades ONE Stock for 3 Decades… Wins In Any Market]( Jeff Clark here… I’ve joined the ranks of the top 1% of wealthy Americans… by IGNORING 99% of the entire stock market. Among 6,000 different stocks on the market to choose from… Hides ONE incredibly special stock. I call it, [“The One-Stock Retirement”]( because I’ve used it for over 3-decades (through ANY market) closing huge gains time and time again. 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