Probably selling gold or it’s an outright scam.
Next Fed meeting is July 25-26 with policy decision announced at 2pm July 26.
Boogie man coming.
Once the BRICS currency is running (likely this year), the US Dollar will quickly assume it’s TRUE VALUE, based on the financial situation of the US.
We can thank President Biden and his Ukraine War supporters for GREATLY ACCELERATING this transition, by attempting to ‘punish Putin’.
I’ve noticed a few banking scares as of late suggesting our money will be worthless or controlled by some NWO entity.
Personally, I think they are all either BS or some scheme to get your money, such as by buying gold or whatever.
I recall several years ago some South American country were giving their citizens bank accounts “hair cuts” where they simply withdrew from each account a certain percentage. What went on here at FR was amazing, as many were convinced our own regime would be doing the same, and many cashed in their IRA’s to buy other assets. This whole “hair cut” thing turned out to be utter BS.
My point is, I pay no attention to this junk. I trust my bank, it’s locally owned and very sound.
And I must add many think gold is safe. They seem to think if the country goes to hell they can use it to buy necessities. Yes, by all means, take the coin you paid $500 for and try to buy a loaf of bread or can of beans. And keep in mind the government outlawed gold ownership several decades back, and they can do it again. Gold investments are for the excessively rich that can diversify their money in different forms. It’s not for common folks with little money.
Right now, the value of a U.S. dollar is rapidly falling. It is at 101.63 (and falling), the lowest in two years. Between it, rising oil prices, and rising gold prices, all signs or inflationary. Ignore the cheers of the Biden media. The outlook for the economy is NOT good.
CBDC is coming, fast.
Digital currency — on the iPhone or card — will replace and negate all currency in the US, as it’s done in China and is now being done in the EU. ATMs will disappear and walk-in bank services will be a thing of the past.
All done by EO and fiat.
Get ready for a “bumpy ride”...
Conspiracy theories are that without Congress changing the lawas on U.S. currency Biden and the Fed are about to announce immediate moves to all digital currency. They cannot do it without Congress and the votes for it will not be there.
Nixon shock of 1971?