BREAKING: Gold has hit $2,000 per ounce as of 9:34am Central on April 3rd
Is The U.S. Dollar Really a Safe Currency? The Story Behind The Fall of Major Banks … and Why More Is To Come …
Apart from the rise of cryptocurrencies, we also saw a notable rise in the prices of precious metals
by Milan Tomic | Contributing Writer | Eternal Affairs Media
On March 10 it all began … a significant lender to the technology sector fell victim to a typical bank run, marking the worst bankruptcy of a US bank since the financial crisis of 2008. With the abrupt failure of Signature Bank and Silicon Valley Bank, investors reevaluated the value of smaller banks in the United States, sending their prices plunging on Monday.
There were undoubtedly sighs of relief among those bank customers who would otherwise have suffered a serious financial blow when the affluent depositors at Silicon Valley Bank received all of their money back thanks to a U.S. government agency.
A week later, a third US regional bank, First Republic Bank (FRC), has been stabilized, and the first significant threat to a bank of significant global financial importance since 2008, Credit Suisse, has been avoided when it was acquired by UBS.
Higher rates slow the economy, which can control inflation, but they also increase the likelihood of a future recession. Additionally, they lower the value of stocks, bonds, and other investments. Due to high interest rates, Silicon Valley Bank’s bond investments lost value, which was one of the factors contributing to the bank’s collapse on Friday.
But some strategists now anticipate an earlier economic contraction due to market volatility following the regional banking crises in the U.S. Additionally, economists are lowering their growth projections in anticipation of a decline in bank lending.
But is it realistic to believe that the United States dollar, which serves as the world’s reserve currency, could also collapse?
The U.S. dollar holds a unique place in the world’s financial system, unlike that of any other nation. This is so because it serves as the world’s reserve currency. As a result, it is regarded as the safest currency, with many other nations maintaining reserves of US dollars.
This is a practical as well as a theoretical detail. For instance, many international financial agreements are denominated in US dollars, and many nations that have had difficulty keeping their national currencies stable use US dollars as their own currency.
Editor’s Note: But! We’re not living in normal times! We’re living in BIBLICAL TIMES!
Babylon’s system is going to crash …
OUTSIDE THE SYSTEM:
Bitcoin is now worth $28,057.
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God’s money (Precious metals) are also rising in value.
Apart from the rise of cryptocurrencies, we also saw a notable rise in the prices of precious metals, particularly gold and silver.
The price of silver has gone up by 33% since a low in September, with a 14% rise only in the last month. While the price of gold has gone up by 16% in the last six months, with a 7.6% increase in the last month.
BREAKING: Gold has hit $2,000 per ounce as of 9:34am Central on April 3rd.
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Usually, during recessions, the prices of precious metals rise and are a very safe investment during tough times. Industrial production decreases during a recession. The demand for silver and gold consequently declines. Despite having a weak correlation to stocks, silver is a thinly traded and volatile commodity. Although it’s not a bad investment, gold outperforms silver when it comes to precious metals to buy during a recession.
Conclusion
The dollar has proven itself over the last year to be very unstable and not very reliable. With an almost inevitable recession, it is best to prepare yourself for tough times by buying precious metal and decentralized cryptocurrencies.
SOURCES
Powering a Personal Wealth Movement, Q. ai-. “Could the U.S. Dollar Collapse?” Forbes, 29 Mar. 2023, www.forbes.com/sites/qai/2023/03/29/could-the-us-dollar-collapse.
