Economic Thoughts From Sean Foo and Lynette Zang 8-9-2023
China’s Dumping Dollars For Gold & They Won’t Stop!
Sean Foo: 8-9-2023
China just ramped up their gold purchases, buying for a 9th straight month!
As the world gets de-globalized, we are seeing an acceleration of de-dollarization towards alternative stores of value like gold.
Even JP Morgan is calling for record gold prices in 18 months.
Here's what you must know about this historic monetary shift.
Timestamps & Chapters:
0:00 China's Buying Even More Gold
2:23 The Global Money Reset
5:09 China Doesn't Trust The Dollar
7:43 China Needs Physical Gold
9:51 Even America Will Rush For Gold
12:25 JP Morgan Sees Record Gold Prices
The Impact of U.S. Credit Downgrade in the Economy – by Lynette Zang
8-8-2023
Recent downgrades in US credit ratings, from AAA to AA+, underscore the mounting debt crisis. These shifts affect interest rates and borrowing costs, highlighting the significance of managing national debt responsibly.
Amid economic uncertainty, tangible assets like gold and silver emerge as reliable safeguards against devaluing currencies and market fluctuations
. Diversifying with precious metals offers a defensive strategy against potential financial instability.
CHAPTERS:
0:00 Fitch Downgrade
7:34 Federal Debt& Debt Ceiling
11:04 $652 Billion in Debt
15:47 Fed’s Balance Sheet
18:29 Preparedness