Alien Threats A Facade to Justify Spending Bonanza warns Edward Dowd

“An alien threat is a government spending bonanza,” claims Edward Dowd, founding partner of Phinance Technologies. He also warns that central bank digital currencies could give the government more control over people’s money and freedom, adding more economic chaos to today's bear market. And as economic conditions worsen, the U.S. dollar is “at an endgame” and the government would need to introduce a new financial system, he explains. In order to survive this ongoing turmoil, Dowd advises investors to seek opportunities in cash. “People at the maximum amount of fear will want to sell everything. You have to fight that fear,” he claims. Finally, he says that de-dollarization is unlikely to happen given the dollar’s dominance in global trade. “So the dollar system, if it fails, will fail up, meaning it will destroy the rest of the globe before it destroys us,” he concludes.

#cbdc #federalreserve #investing #investment #inflation #stockmarket

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Chapter stamps:
00:00 Yellen’s comments on banks consolidation
04:13 Fed meeting
6:34 CBDC
7:52 Why is CBDC so terrifying?
9:11 New financial system
10:33 Aliens
12:59 Sectors that Edward likes
13:58 De-dollarization
15:10 RFK Jr.