Is Your Money Safe From This Onslaught of Economic Challenges?

After a relatively quiet week, the news cycle was flooded with a number of frightening stories. Currently, the economy is facing a challenging gauntlet of serious threats.

In San Francisco, several hundred-million-dollar commercial real estate loans were completely abandoned. A slowing economy and increasing crime were the primary motivations for the walkaway.

Since the overwhelming majority of commercial debt is held by regional banks, there’s increasing concern that smaller institutions will suffer even further damage. In fact, there are rumors that an additional 300+ banks could go under.

While the economic situation heats up at home, our economic czars are taking every opportunity to hurt the dollar. The Fed admittedly has no plan to deal with China’s leverage on the economy as the second largest holder of US debt.

On top of that, Biden’s embarrassingly weak posture against Saudi Arabia failed to prevent Mohammed Bin Salman from decreasing oil production even amidst an energy crisis. Could the rapid deterioration of Saudi-US relations put the final nail in the coffin of the petrodollar?

The Fed effectively admitted defeat this week by acknowledging that inflation wasn’t curbing despite their best efforts. They decided to pause on rate hikes at least for the time being but promised higher interest rates down the road.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Founder Eric Sepanek & Senior Precious Metals Advisor Damian White explain these economic threats in greater depth, how they impact your wealth, and what you should do to stay protected.

👉 To read more and request The Petrodollar Reports, go here: https://www.sbcgold.com/blog/is-your-money-safe-from-this-onslaught-of-economic-challenges/

🔗 RELATED LINKS:

💸 De-Dollarization 101: What to Know About the Global Shift Away From the Dollar: https://www.sbcgold.com/blog/de-dollarization-101-what-to-know-about-the-global-shift-away-from-the-dollar/

🔒 Safeguarding Your Wealth Amid The Disintegration of The Petrodollar: https://www.sbcgold.com/blog/safeguarding-your-wealth-amid-the-disintegration-of-the-petrodollar/

🏦 Why Central Banks Are Buying Up Record Amounts of Gold: https://www.sbcgold.com/blog/why-central-banks-are-buying-up-record-amounts-of-gold/

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