Stansberry Research, Released on 7/17/23
Inflation recently fell to its lowest annual rate in more than two years, but many investors remain wary about what to do with their money moving forward. On today’s show, Daniela sits down with Nomi Prins, geopolitical finance expert and bestselling author. Nomi stresses investors must avoid letting fear guide their investment decisions in order to uncover buying opportunities as this rampant market uncertainty drags on. She says, “The best way to navigate [the noise] as an investor is to ignore what the Fed
does if it raises rates by another two incremental rate hikes within the next several months. The reality is it’s not going to impact the quality of investments, place in which we’re investing, or how those investments perform.”
When it comes to the Fed’s upcoming launch of its FedNow instant-money platform, Naomi believes it only serves as a ploy for the central bank to increase its foothold in the digital currency space. “Without the makings of a digital footprint, you don’t have the makings of a digital coin,” she asserts. Continuing with the theme of de-dollarization, Naomi warns that this trend could affect the long term outlook of the markets as foreign adversaries aim to chip away at the value of the U.S. dollar. “I don’t actually think it’s going to be replaced in our lifetimes, but that doesn’t mean there isn’t a trading pattern here that’s emerging,” she concludes.
00:00 Nomi Prins Introduction
2:08 What is Happening with Federal Reserve?
5:15 How Should Investors Navigate Market Noise?
7:55 Fed Plans to Boost US Banks’ Requirements
10:03 Upcoming Launch of FedNow
14:03 Implication of the Fed and Bitcoin
15:55 BRICS Countries Planning New Gold-Backed Currency
19:09 Texas House Advances Gold-Backed Digital Currency Bill
Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents’ Bankers: The Hidden Alliances that Drive American Power and Collusion: How Central Bankers Rigged the World.