Did you see Tucker Carlson?
The dollar’s fading reserve currency status was the topic of his opening monologue!
Click here to watch on Youtube
His very first topic at the open of the show was not Trump - on the day after the historic and unprecedented arraignment of a former US president. He covered that later in the show, but he OPENED with the terrible foreign policy decisions that are driving countries around the globe away from the dollar.
We've been sounding the alarm bell about this issue for a long time. We just talked about this last week.
If the US dollar lost its status as the world’s reserve currency, there would be significant implications for the US economy. The reserve currency status means that the US dollar is widely accepted and held in significant quantities by central banks and financial institutions around the world, which has given the US access to cheap credit and lower interest rates.
If the dollar lost its status as the preeminent global reserve currency, demand for US dollars would decline, and investors would likely sell off their US dollar-denominated assets. This could lead to a significant depreciation of the US dollar, which would cause inflation to rise and increase the cost of imported goods.
Additionally, countries would no longer need to hold large reserves of US dollars, and could instead diversify their holdings into other currencies or assets. This could reduce demand for US Treasuries, which would raise interest rates and make it more expensive for the US government to borrow money.
Furthermore, the loss of reserve currency status could undermine the confidence of foreign investors in the US economy, which could lead to a decline in foreign investment and a reduction in economic growth.
Overall, losing reserve currency status would have significant economic consequences for the US, including higher inflation, higher interest rates, and lower economic growth.
And its being talked about more and more in the media.
Weaponizing the dollar against Russia was a huge turning point. It showed the world what could happen to your dollar reserves if you do something the US doesn't like. The solutions? Either let the United States dictate your policies and never go astray from their orders - in other words, lose your national sovereignty - or hold fewer dollars. Guess what the world is choosing more and more?
And as central bank digital currencies continue to emerge, that power and that choice become more urgent and necessary.
What will you do as the world diversifies away from the dollar? Gold is one tangible asset central banks are piling into. That is a choice that is available to you as well. You can own beautiful, investor grade bullion coins that you buy with cash and keep in your possession. You can also roll an IRA or 401K into a self-directed precious metals backed IRA. We can help you with either, or both.
Owning precious metals puts financial power and stability back in your hands. You don't have to stand idly by and watch your entire nest egg get inflated away. You can do something about it. You can do what central banks are doing and diversify. Call us if you're ready to lock in your price on precious metals today.