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The Death of the Dollar and America’s AA Credit

January 12, 2021 By E.J. Smith - Your Survival Guy

By Aleksey Mnogosmyslov @ Shutterstock.com

Here’s a way forward. Help spread the word about what’s going on in America. As the Fed continues to debase the dollar, the stage is set for its inevitable death along with America’s AA government bond rating.

At what point will investors, not just American investors, seek investment shelter in more attractive waters? When investors can cross borders with a few keystrokes, what’s keeping them from investing outside of America?

The Biden/Harris cabal is loaded with ex-tech titans and a former Fed head. One who is stuffed to the gills from speaking fees paid by banks. The same banks that were beneficiaries of a government bailout. What subject matter could she possibly be discussing that’s worth listening to? Certainly not her views on monetary and economic prudence.

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It’s the elites, on both sides of the aisle, who are driving this bus. From appointed government officials to the C-suite, to insider tech leaders, to military interventionists—it’s all political extortion—meaning their way or else. If you’re still stuck in a BIG BLUE CITY, it’s well past the time you move out.

Look at how Governor Andrew Cuomo of New York, for months a promoter of the harshest lockdowns, now—on the brink of the Biden administration—says it’s too expensive to stay closed. He said it as though it was his idea. The only ones cheering are the nursing home residents trying to escape getting sick. Everyone else who could escape Cuomo’s NY is already GONE.

Action Line: When leaders tell you how to live a PROGRESSIVE LIFE, it’s time to push back. Most Democrats and Republicans I speak with want nothing to do with that way of life.

P.S. China is about to have its biggest holiday of the year, the Lunar New Year, and the country has imposed a quarantine on 20 million people and urging everyone not to travel. Sha Hua reports for the Wall Street Journal:

The bulk of the recent cases have been detected in the northern province of Hebei, which surrounds China’s capital city of Beijing.

On Tuesday, local authorities in the city of Langfang placed its five million residents in home quarantine for seven days while rolling out citywide testing. Authorities had imposed similar measures on the provincial capital of Shijiazhuang last week, barring people and vehicles from leaving the city and halting public transportation within the city.

Hebei’s provincial government has also postponed an annual policy-setting meeting that typically gathers hundreds of top officials and political advisers, which precedes China’s national legislative conclave in March.

Originally posted on Your Survival Guy.

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E.J. Smith - Your Survival Guy
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 (RIP JB) and Paris.

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

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