BECOMING VENEZUELA China deal may COLLAPSE the U S dollar

What’s on our financial horizon WILL impact your life…especially if America falls just like Venezuela did, which is a possibility, Glenn says. In this clip, he explains how new deals China currently is brokering with other nations — like Brazil, for example — means we’re facing something we’ve never experienced before: A collapse of the U.S. dollar. ‘Make no mistake,’ Glenn says. ‘If you want to be prepared, prepare yourself like people should have [done] in Venezuela.’ Plus, the Fed’s new FedNow program — which could lead to a Central Bank Digital Currency (CDBC), will only make our chance of financial freedom even worse…

The US dollar is the world's primary reserve currency and is used in international transactions across the globe. However, in recent years, there have been concerns about the dollar's strength and potential collapse. The US national debt has been growing steadily, and the Federal Reserve has been printing money to prop up the economy, leading to fears of inflation and a decrease in the dollar's value.

If the dollar were to collapse, it could have severe consequences for the global economy, including a reduction in trade and investment, destabilization of financial markets, and potential geopolitical tensions. A dollar collapse would also lead to an increase in the price of imports, particularly oil, which could lead to higher inflation rates.

In this scenario, owning gold and silver could provide a hedge against the potential economic turmoil. Historically, gold and silver have been used as a store of value and a medium of exchange, particularly during times of economic uncertainty. Precious metals have a finite supply, making them resistant to inflation and currency devaluation.

During times of economic crisis, investors often turn to gold and silver as a safe haven asset. Gold and silver prices tend to rise during times of inflation, economic instability, and market volatility. As such, owning gold and silver can provide a buffer against currency fluctuations, inflation, and potential market downturns.

Furthermore, owning gold and silver can also provide diversification benefits to an investment portfolio. Precious metals have a low correlation to other asset classes, such as stocks and bonds, meaning that they can help reduce overall portfolio risk and potentially increase returns.

In conclusion, while the collapse of the US dollar remains a hypothetical scenario, it is always prudent to be prepared for potential economic disruptions. Owning gold and silver can provide a hedge against inflation, currency devaluation, and market volatility, as well as diversification benefits to an investment portfolio. As such, investing in precious metals can be a wise decision for those looking to safeguard their wealth against potential economic turmoil.

=== https://www.soundmoney123.com/busines...


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