IRA/401k Alert: The Fed's plan to replace the dollar

Dear Friend, The Fed is targeting the U.S. dollar for destruction. But they're doing more than just expanding the money supply at a mind-boggling rate. They're also working on a monumental change to the dollar that could vaporize another chunk of your wealth... and almost completely obliterate your privacy. Even more amazing, this time they're not even keeping their plans a secret. That's probably because the coronavirus pandemic made one thing crystal clear to the politicians and bureaucrats: In a crisis, a shocking number of Americans will willingly – even eagerly – sacrifice liberty in the hopes of garnering a little security. And now the Federal Reserve has taken that lesson to heart. It's working with researchers at MIT to create and test a digital currency called Fedcoin to replace the dollar and eliminate cash. That may sound like no big deal... but it's actually one of the greatest threats to your wealth and privacy ever devised by the U.S. government. [Here's how you can quickly and easily protect your money and your privacy.]( Let me explain why this new Fedcoin is so dangerous... You've no doubt heard of bitcoin, a digital cryptocurrency which has been making headlines lately thanks to its extraordinary volatility. One of the appealing things about bitcoin and other cryptocurrencies is that they can generally be used anonymously. Not so with the Fedcoin. You see, one of the stated purposes for Fedcoin is to make it easier to distribute stimulus payments, Social Security benefits and various other government payments. They're already selling it as a way to make sure everyone – including those without bank accounts – gets every government check they're entitled to. Obviously, they can only make those payments to you if they know who you are. But here's the dangerous part: Thanks to the nature of Fedcoin, access to your account also means the U.S. government will have a complete record of every Fedcoin you spend, where you spend it and what you spend it on. Worse yet, it's entirely possible – and I argue likely – that the government will eventually restrict what you can spend your Fedcoin on. After all, Fed Chairman Jerome Powell is already on record demanding financial regulations that address climate change. What if he decides that one company or another is unworthy of your Fedcoin because it's not "green" enough? Or woke enough? Or anti-racist enough? As economist Robert Wenzel puts it, "George Orwell didn't even think of such a monster. Remember complete tracking also means the ability of the state to ban above ground purchases of any goods and services it chooses because it would see if such transactions occurred." Before you dismiss the idea as absurd, please remember the Obama Administration's underhanded attempt to subvert your gun rights. It warned banks that doing business with gun manufacturers and stores could subject them to greater regulation. And numerous banks have subsequently stopped dealing with gun companies that don't comply with the bank's arbitrary restrictions on what those companies can manufacture and sell. On top of that, firearms sales have been banned completely by PayPal, Square and Apple Pay. Bottom line: The politicians don't need to repeal the Second Amendment to ban guns. They can just make it impossible for you to buy them with Fedcoin. And once Fedcoin is the only legal tender available, you may not be able to buy anything the government doesn't want you to buy. No wonder former Congressman Ron Paul calls Fedcoin, "A new scheme for tyranny and poverty." [The good news is, you can protect your financial privacy.]( So, how will all this impact you as it unfolds? - It's likely to start with rising inflation – in fact, we can already see it with prices rising in April at the fastest rate since 2008. The government will need some sort of crisis to ram the Fedcoin down our throats and rising inflation could be just the ticket. - While many have touted bitcoin as an alternative to gold, it's volatility makes it unsuitable for investors looking for maximum safety. That's why once the inflation monster is unleashed, [demand for physical gold is likely to soar]( just as it did in early 1980 when the inflation rate hit an astonishing 14.76%. And don't forget: Precious metals can't be tracked, so the Fed will be powerless to stop you from spending them as you see fit. - You could see gold prices soar into the stratosphere practically overnight. Don't forget: In the 1970s, gold prices shot up 2,300% thanks to rising inflation, political instability and fears of an economic collapse. Nobody really knows how high gold will go this time around. However, respected analysts are forecasting a 50% to 70% increase in gold prices before the end of the year. In other words, right now might just be your best opportunity to buy gold at a reasonable price, before inflation really gets rolling – and before Fedcoin becomes a reality. You already know what a great store of value gold is. And how it protects your wealth in good times and bad. Now, you just need to make sure you've got what you need in your portfolio. With inflation rising... with economic uncertainty growing... with the stock market looking more overvalued by the day... and with Fedcoin coming to replace the dollar, there's no better time for you to protect your wealth and your privacy with gold. [Click here for our FREE report with all the details...]( Sincerely, Gold Gate Capital This email was sent to {EMAIL} because you subscribed at our website TheTradingLetter.com.   To read all of the risk disclosures, [please visit this page.](   If you no longer wish to receive these emails, you can [unsubscribe](   Traders News Media, LLC PO BOX 02525 Miami, FL, 33102  If you are a bot, please click here[...](