Thursday, September 19, 2024

Trump: Will Harris Resign Over Iran Spying?; Teamsters Show Shift to Trump; GOP Seeks Secret Service Boost

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Breaking News from Newsmax.com

Breaking News from Newsmax.com

Trump Asks If Harris Will Resign Over Iran Spying

Special: The Decline of the U.S. Dollar: What's Happening?

Jason Miller to Newsmax: Teamsters Show Trump Shifted GOP to Working Class

GOP Seeks Equal Secret Service Protection for Trump


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ADVERTORIAL

Threat to the Dollar!

In today's uncertain economic environment, the U.S. dollar is facing significant challenges that could have severe consequences for your wealth, retirement, and financial security. With the dollar weakening, inflation on the rise, and interest rates expected to decline, the middle class stands on the brink of a financial crisis. Here's what you need to know and how you can protect yourself.

The Decline of the U.S. Dollar: What's Happening?

Recent data shows that the U.S. dollar is losing ground, with the U.S. Dollar Index forming a bearish descending triangle pattern over the past two years. This indicates that the dollar could continue to weaken. But why does this matter to you?

 

A weaker dollar leads to higher inflation. As the value of the dollar falls, the cost of goods and services increases, eroding your purchasing power. This isn't just theoretical—it's happening now. The price of gold, often seen as a safe haven, recently hit an all-time high of $2,531, driven by the dollar's decline. As the dollar continues to lose value,the price of gold and other commodities priced in dollars is expected to rise even further.

The Fed's Dilemma: Interest Rates and the Dollar

Federal Reserve Chair Jerome Powell has indicated that the time for policy adjustments is near, with the possibility of interest rate cuts on the horizon. While this may sound like good news, it's actually a double-edged sword. Lower interest rates make the U.S. a less attractive destination for international capital, leading to reduced demand for the dollar. This decrease in demand further weakens the dollar, pushing inflation higher.

The Potential Impact of a New BRICS Currency on the US Dollar

In addition, the BRICS nations—Brazil, Russia, India, China, and South Africa—are exploring the creation of a new reserve currency backed by a basket of their own currencies. This move could challenge the dominance of the US dollar, which currently accounts for around 90% of all currency trading. The idea behind this new currency is to assert economic independence and reduce reliance on the US dollar, particularly in light of recent global financial challenges and aggressive US foreign policies.

Why a BRICS Currency?

The BRICS nations are motivated by several factors, including the desire to strengthen their own economic interests and reduce global dependence on the US dollar and the euro. This move could also potentially insulate these countries from the impacts of US sanctions, particularly those imposed on Russia and Iran. It is clear by now that this move is a fierce "vendetta" against the US and its currency.

What This Means for the Middle Class

These developments could be disastrous for the middle class. Higher inflation levels, compared to the last 4 years, erodes savings, reduces the value of 401(k) plans, and makes everyday expenses more costly. The wealth you've worked so hard to build could be at risk if you don't take action.

When currencies are under pressure—whether from inflation, devaluation, or loss of confidence, nations diversify their reserves with gold for a reason. Many believe this could be a strong signal that individuals should consider doing the same.

This approach isn't just for the wealthy or for large institutions. For middle class individuals, adding gold to their portfolio, they will be adopting the same strategy that central banks and governments use to mitigate risk.

Conclusion: Secure Your Wealth with Gold

An "Educational Kit" for the middle-class individuals who may not be able to have access to expenses resources is made handy. Learn the basic fundamentals of investing in Gold and how to start. It's 100% FREE for you.

Click "GET MY KIT" to get started.

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