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A Three-Week International Research Trip to Paris via Rome

May 25, 2023 By E.J. Smith - Your Survival Guy

Happy Thursday. Your Survival Guy’s been up for hours, having returned yesterday from a three-week international research trip to Paris via Rome. I’ll have plenty to share with you in the weeks ahead. Don’t be a stranger. Beat the Friday email rush by checking in with me daily right here at www.yoursurvivalguy.com

If You’re Serious, Sign Up for My Email. But Only If You’re Serious.

OK then, here’s my take on the lay of the land on the international front. The US dollar isn’t what it used to be, and Your Survival Guy doesn’t see it getting any better. Over the last eight years or so, Your Survival Guy’s been traveling to Paris, often twice a year in November and May (except for May of 2020 due to the manmade “pandemic”). My point of reference for you this morning is this. My boots (Guccis) have been on the ground pre and post-Covid—perhaps the most destructive manmade disaster in modern history. I have experiences to share with you.

Pre-Covid, I felt like the US dollar and our economy were well respected in Paris. I had fun conversations with folks on the rough and tumble streets of Avenue Montaigne and St. Honoré. Now, in my conversations with acquaintances, new and old, it’s what they don’t say about America that says it all.

In earlier trips, it seemed that the US dollar was well respected regardless of the exchange rate. There was a certain respect that went unspoken. Now, the greenback is viewed as if you put a used tissue in front of a banker. Will your government default? Not a great reception. Note to yourself: Leave for international waters with your war chest of euros before you leave. I never worry about the language barrier. Money talks.

Now that I have years of perspective for you, I can provide anecdotal on-the-ground intelligence. This is something I’ve been working on for years. I can tell you that our major export is tourism, and the underemployment in both the US and Europe have big-time structural implications that will last for years, if not decades. The turnover is massive. The workers wonder how their nonworking former associates survive. They tell me you don’t have to work that much to survive in Europe. Sound familiar?

When the currency is debauched, and leadership has no compass for the way forward, how will that impact the investor class? You and me? Stick around. This is unraveling as we speak.

Action Line: This is too important a trend to just stand there and do nothing. Stick with me.

Originally posted on Your Survival Guy.

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E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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