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In 1971 President Richard Nixon changed the rules of money. That year, the U.S. dollar ceased being money and became a currency. This was one of the most important changes in modern history, but few people understand why.
In recent years, the U.S. government has been creating money out of thin air through what is known as quantitative easing. This means they bolstered the Fed’s balance sheet by buying U.S. Treasuries to keep interest rates low, hoping to spur the economy through this artificial means.
For both millennials and Generation Z, it’s not too late, but it starts with financial education. Listen as host Alexandra Gonzalez-Ganoza explains how those who still save money as a means to get rich are losing in this economy, the three things stealing your wealth, and what you should be doing instead.
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
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Stay ahead of the economic challenges on the horizon with a free subscription to The Economic Collapse Substack.