Bidenomics, it seems, is finally having an impact. But it’s not what the Biden administration, or whoever is running things now that No-Show Joe appears to be disengaging, was hoping for. There are a couple of events here that aren’t looking good, economy-wise.
First, the stock market selloff.
U.S. stocks are having the worst session since 2022 after a string of weak economic reports jolted investor fears that a recession may be brewing.
All three of the major benchmarks are down well over 2% with the Dow Jones Industrial Average, off nearly 1,000 points midday before trimming some losses. All 11 of the largest S&P sectors were also in the red.
The tech-heavy Nasdaq Composite is nearing a correction, down 10% from its peak reached in July of 18,647. […]
– Read More: redstate.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
