The Morgan Report: Your Money Matters

June 25, 2023 Good morning. Scratch that, more like great morning because the run to Gold has begun. As I've said in recent interviews... I believe the run to gold has already started and the fragile economy is about to accelerate that run. Now, predicting economic downturns is often an exercise in futility. Back in the fall of 2019, when the U.S. economy was flying high, who could not have foreseen the economic crisis looming with government lockdowns, businesses closing, and the fear caused by the COVID-19 pandemic? But, here we are. Did you anticipate this occurrence? How did you fair during the 2008 crisis? Are you braced for another financial collapse? Those who act quickly will reap the benefits. But those who hesitate will suffer devastating financial consequences when the next collapse happens. The clock is ticking, take action now before it's too late and everyone else makes a mad dash. [Discover The Morgan Report]( David Morgan MARKET SNAPSHOT Investment Current Price Gain/Loss Dow Jones $33,727.43 ▲ -0.65% Nasdaq $13,492.52 ▲ +3.60% S&P 500 $4,348.33 ▲ +2.69% Gold $1,921.11 ▲ +6.58% Silver $22.42 ▲ +0.18% Bitcoin $30,514.20 ▼ -0.11% * Market Snapshot Data Not In Real-Time [Subscribe to The Morgan Report today]( for the full report and portfolio. The Knowledge You Need to Build and Preserve Your Wealth Scam Alert: Gold and Silver Investors Being Targeted Precious Metals Investors today must navigate through a veritable minefield in order to keep their money safe from threats. From small-time con artists to greedy executives at major financial institutions, there are all-too-many bad actors who aim to enrich themselves through lying, cheating, and stealing. We've recently seen major players in the cryptocurrency space exposed as frauds. Northwest Territorial Scam We've also seen major banks including JPMorgan Chase, Citi, and Deutsche Bank fined hundreds of millions of dollars for cheating clients and rigging markets. Banksters have even been caught opening up fake, fee-generating accounts for customers who did not ask for them, in the case of Wells Fargo. [Read the full article here]( Car Prices Are Falling Fast! Automotive Ford and Tesla Drop Prices of Electric Vehicles in Response to Economic Turmoil. Tesla and Ford are dropping the price of some of their models. Are more to follow? Amidst the current economic turmoil, it appears that the electric vehicle "Black Friday" is rushing in with a bang. The automaker, Ford, made a surprising announcement that it would reduce the prices of its electric Mustang Mach-E models by a staggering 8%, thereby positioning the price range between $44,000 to $65,500, a move that may result in selling some of the models at a loss. This move follows the discounts offered by rival electric vehicle manufacturer, Tesla, earlier this month. Both companies harbor the hope that these price cuts will attract a higher number of customers, however, the demand for electric vehicles (EVs) is facing significant headwinds. The rising interest rates have made financing auto purchases more expensive, while the recessionary fears have deterred people from making significant purchases. In addition, the government tax credits, worth up to $7,500 for EVs priced below a certain threshold, may also have played a role in the price cut decision, making some Tesla Model Ys and Mach-E models eligible for the credits. Furthermore, the competition from automakers such as Nissan and Chevrolet, who are producing increasingly cheaper EVs, has also put pressure on Ford and Tesla. It is not just EVs that have become more affordable; new car prices have slowed their ascent, and used cars have become 9% cheaper compared to last year. This trend can be attributed to factors such as the recent supply chain issues and parts shortages, leading to a drop in the prices of used cars. However, not everyone is ecstatic about these developments. Many Tesla buyers who purchased their vehicles shortly before the price cuts are disgruntled, as they now have to make hefty loan payments on a depreciating asset that has lost its value. Some disgruntled Tesla buyers have signed a petition demanding free or discounted software downloads for their vehicles, while others have inquired about refunds, according to the Wall Street Journal. Major automakers, which enjoyed soaring profits last year, are now bracing for a reversal of fortunes and are looking for ways to cut costs. Despite these difficulties, many companies are still ramping up their EV production, and legacy car manufacturers are pushing forward with their electrification goals. 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Our team consists of distinguished precious metals investors, financial analysts, and educators that are devoted to assisting our customers in making judicious decisions regarding their investments. We are also recognized for providing unparalleled customer service and support. Our team is available to address any questions you may have, regardless of whether you are new to the scene or an experienced investor. GoldSilver.com is your go-to destination for precious metals investing and education. [Discover GoldSilver.com Today!]( U.S. economy remains resilient, but numerous risks loom Fiance The American economy has been something of a riddle recently—despite persistent inflation, rising interest rates and predictions of an imminent recession, it keeps rolling along. Unemployment is at an all-time low of 3.4%, inflation, though sticky, has moderated and consumers continue to spend. It’s a reflection of what Joe Brusuelas, chief economist for RSM US, says is the underlying strength of the American economy. He spoke with Neil Bradley, executive vice president for the U.S. Chamber of Commerce, during a recent wide-ranging discussion of economic issues affecting the middle market. [Read the full article here]( [Subscribe today]( for the full report and portfolio. The Knowledge You Need to Build and Preserve Your Wealth The Morgan Report: Your Ultimate Source to Surviving and Thriving in a World of Financial Uncertainty. Do you feel like you're constantly struggling to keep up with the latest economic news and trends? Are you tired of taking a 40% haircut every time the markets collapse? If so, the Morgan Report is here to help.! The Morgan Report is an exclusive membership-based publication that provides in-depth analysis and expert insight on the global economy and the financial markets. With a focus on precious metals and resource investments, the Morgan Report offers a unique perspective on the complex and ever-changing world of finance. Led by David Morgan, a renowned economist, and financial commentator, the Morgan Report is your ultimate guide to surviving and thriving in a world of financial uncertainty. You'll gain access to exclusive reports, video updates, and real-time alerts on the latest market developments and investment opportunities. Plus, you'll be part of a community of like-minded individuals who are all working to build a more secure financial future. Don't miss out on this incredible opportunity to join the Morgan Report and start taking control of your financial future. With a special offer just for new members, now is the time to act. Don't wait - join the Morgan Report today and start on the path to financial freedom! [Discover What The Morgan Report Can Do For You!]( STAY CONNECTED WITH US [Twitter]( [Linkedin]( [Youtube]( [Website]( [Email](mailto:support@themorganreport.com) Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader. The Morgan Report is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. The Morgan Report and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that The Morgan Report will not be held liable or responsible for any decisions you make regarding any information discussed herein. Brought to you by The Morgan Report | www.TheMorganReport.com 621 Mallon Suite 307 Spokane WA 99201 USA [Unsubscribe]( | [Change Subscriber Options](