The Incoming Financial Collapse… and What You Should Do! – Edward Dowd

The Incoming Financial Collapse… and What You Should Do! – Edward Dowd
April 6, 2023

With all of this talk about the BRICS and the “de-dollarization of the world”, it’s got a lot of us in a panic, worried that we’ll be contending with massive overnight hyperinflation, in conjunction with the nuking of our food supply with mRNA poisons – and the potential nuking of our country with actual Russian nukes.
But securities analyst, Ed Dowd tells Flyover Conservatives here that, counter to a lot of the catastrophism emanating from the Alternative News and perhaps counterintuitively, the smart money is now moving into cash to buy bargains in the future.
He says, “Cash is not a bad place to be and a lot of the smartest people I know are starting to go into cash and just waiting for the storm to pass and then do what JP Morgan of old would do and buy while there’s ‘blood in the streets.'”

As another financial guy personally told me yesterday, the US dollar is still the world’s reserve currency. While 100% of global trade used to be conducted in the dollar, with the recent exodus, it’s now “only” 97%.
The dollar will cease to be the reserve currency only when that number goes below 30%, which is what he says happened with the British Pound. It took over 20 years for the British Pound to get to the point where it lost its world reserve currency status.
My financial guy friend says this is something that cannot and will not switch overnight – and Ed Dowd seems to agree
Ed says:

“Even though there’s inflation, putting your money in stocks that are going to go down 40%-50%, as opposed to 9% inflation in one year, I think I’d rather have the cash and then buy stocks lower. So, I’m just telling people to buy 3-month T-bills or very safe government money market funds until the storm passes…
“What the Fed just did with the Silicon Valley Bank and what they did in Europe is going to basically going to put a finger in the dyke, so things are going to seem OK for a month or two but they really didn’t fix anything so we’re just gonna have this kind of slow, controlled implosion over the next year or two.
“I’m hoping it’s not fast, because anything fast creates panic and chaos – which they can’t control – so, I think they want to engineer a slow kind of demolition. So, in the next couple of weeks, you may see the stock markets rally and everybody say ‘Everything’s fine!’ but it’s not fine. It’s not fine…
“I don’t know the timing…but I’ve been telling people – without giving financial advice – if you have a 401K and you’re worried about your retirement, it would be prudent idea to, whatever amount of cash you want, put it in a money market fund, look at those options – and wait!
“And then, when everybody is screaming at the top of their lungs and the taxicab drivers are saying that the end of the world is nigh, you buy.
“Because right now, the taxicab driver is telling you that the dollar is going to end. Well, the dollars’s not going to end. The dollar’s going to fail up. It’s going to Moon.”

THANKS TO: https://forbiddenknowledgetv.net/the-incoming-financial-collapse-and-what-you-should-do-edward-dowd/