{"id":21084,"date":"2023-07-28T07:30:25","date_gmt":"2023-07-28T11:30:25","guid":{"rendered":"https:\/\/www.jeffclarktrader.com\/?p=21084"},"modified":"2023-07-28T07:30:25","modified_gmt":"2023-07-28T11:30:25","slug":"august-22-could-change-the-world","status":"publish","type":"post","link":"https:\/\/jeffclarktrader.com\/market-minute\/august-22-could-change-the-world\/","title":{"rendered":"August 22 Could Change the World"},"content":{"rendered":"

Andrew’s Note: <\/strong>Tomorrow at 11 a.m. ET, market wizard Larry Benedict is going live with his latest prediction that could shock the world<\/a>…<\/p>\n

5 countries are quietly funding a war on America. And during their next meeting on August 22, nearly half the world could line up behind them.<\/p>\n

To find out the one thing Larry says you should do immediately to preserve your wealth, sign up right here<\/a>.<\/p>\n

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About two decades ago, the world experienced one of the most significant economic developments of the modern era.<\/p>\n

I’m referring to the euro.<\/p>\n

With the dollar’s pervasiveness, we may sometimes forget the importance of the euro – and the impact it has on the world.<\/p>\n

Even during its creation, then Federal Reserve chairman Alan Greenspan scoffed at the idea that the euro could have any real impact.<\/p>\n

But he soon ate his words – in the period that followed, the Dow fell 38%, the S&P sank about 49%, and the Nasdaq plunged as much as 78%.<\/p>\n

And the U.S. dollar lost 45% of its value after the euro’s creation.<\/p>\n

There’s a reason to take note of this dramatic nosedive.<\/p>\n

Because we’re facing an imminent situation that could have a similarly big impact on the markets… and your retirement.<\/p>\n

And the formation of the euro shows the road map to the coming upset…<\/p>\n

The Euro Road Map <\/h2>\n

The idea behind the euro began to solidify starting in the late ’80s.<\/p>\n

A common currency in the EU would simplify trade, offer price stability, and grant Europe greater influence in the global markets.<\/p>\n

So in 1988, the EU came up with a pathway for moving to a common monetary union, central bank, and currency.<\/p>\n

It would occur in three stages, progressively moving from planning and policy adjustments to a currency everyone could use.<\/p>\n

And over the next 14 years, that’s exactly what happened. In 2002, the euro currency began circulating publicly in the form we know today.<\/p>\n

Please understand: This isn’t just a pointless history lesson you should tune out.<\/p>\n

Because another group of countries is about to meet – and the outcome of their gathering could set another new currency in motion, just like the euro.<\/p>\n

<\/p>\n

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Free Trading Resources<\/strong><\/p>\n

Have you checked out Jeff’s free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career \u2013 at zero cost to you. Just click here<\/a> to check it out.<\/p>\n<\/p><\/div>\n<\/div>\n

<\/p>\n

A New Currency<\/h2>\n

On August 22, the BRICS countries will hold their 15th summit in Johannesburg.<\/p>\n

There, leaders from Brazil, Russia, India, China, and South Africa will gather to discuss how to challenge the reserve currency status of the U.S. dollar.<\/p>\n

The de-dollarization trend has accelerated since Russia’s invasion of Ukraine.<\/p>\n

That’s due to backlash from the sanctions placed on Russia, demonstrating how USD can be weaponized against countries that don’t toe the line.<\/p>\n

As a South African ambassador put it, “BRICS started a process that has been expedited as a result of the conflict, as a result of unilateral sanctions. The days of a dollar centric world is over.”<\/p>\n

Over the past year alone, BRICS central banks have changed more of their reserves into gold rather than USD.<\/p>\n

China, Brazil, and Russia have also focused on cross-border transactions that avoid use of the dollar.<\/p>\n

And in a speech back in April, Brazil’s president said, “I am in favor of creating, within the BRICS, a trading currency between our countries, just like the Europeans created the euro.”<\/p>\n

The impact of such a move can’t be overstated.<\/p>\n

As a former staff economist at the White House Council of Economic Advisers put it:<\/p>\n

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A BRICS-issued currency would… be like a new union of up-and-coming discontents who, on the scale of [gross domestic product], now collectively outweigh not only… the United States, but the entire G-7 weight class put together.<\/p>\n<\/blockquote>\n

That’s why the world will be watching the upcoming summit closely. Because any moves forward could shake global markets.<\/p>\n

If you’re not prepared, your portfolio – and retirement plans – could take a beating.<\/p>\n

But if you know how to position yourself ahead of time, you could make as much as $192,000 over the next year by following my strategy.<\/p>\n

That’s what I’ll be discussing at my Dollar End-Date Summit<\/strong> on Saturday, July 29.<\/p>\n

I’d like to invite you to join me then, as I’ll share all the details on what I see coming… and the best ways to profit during the coming months.<\/p>\n

All I ask is that you RSVP right here to reserve your spot<\/a>.<\/p>\n

Regards,<\/p>\n

Larry Benedict
Editor, Trading With Larry Benedict<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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