Stansberry Research, Released on 7/29/23
The global economy has faced heightened volatility this year as countries around the world continue shifting away from the U.S. dollar in an effort to unseat the dollar as king of global currencies. Today, Daniela Cambone sits down with precious metals expert David Morgan, who contends that the de-dollarization trend could result in a seismic market shift as countries around the world continue exploring ways to complete transactions. He says, “At the end of all great inflations, the free market comes to the fore and starts finding ways to mitigate the problem… There are countries that are banning together because they’ve had enough of the U.S dollar. So, it’s all shaping up to the fact that we’re near the endgame.”
David remains skeptical about how folks will respond to the Federal Reserve launching central bank digital currencies (“CBDCs”) amid today’s uncertain market. He encourages investors to explore safe-haven assets in order to protect their portfolios as the banking crisis drags on. “It’s far from over. You might want to think about mitigating the issue by getting into an asset class or making some move that could protect you. If this thing falls rapidly, then it’s very difficult to mitigate the problem,” he concludes.
00:00 David Morgan Introduction
1:38 Americans Need $1.27 million to Retire
5:49 ‘The Most Significant Money is Yet to Come’
8:34 Signs We’re in the “Last Leg” of a Run-up
14:06 – BRICS Announces Gold-Backed Currency
17:37 – The Unraveling of the US Dollar
20:40 – Resisting CBDCs
24:25 – Implications of a Cashless Society
25:20 – Is the Banking Crisis Over?
30:40 – Key Changes to the Banking Sector
31:53 – Behind the Scenes of David’s Upcoming Production
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David’s educational mission also makes him a prolific author, having penned Get the Skinny on Silver Investing, The Silver Manifesto and, most recently, Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock.