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🔥 Former President Donald Trump's Advisers Explore Penalties for Nations Ditching US Dollar Former U.S. President Donald Trump’s economic advisers are reportedly devising strategies to deter nations from reducing their reliance on the U.S. dollar. Proposed deterrents include export controls, currency manipulation charges, and tariffs. Trump remains committed to preserving the U.S. dollar’s dominance as the global reserve currency. Nonetheless, a growing number of countries, particularly BRICS members, are intensifying their efforts to dedollarize. The former U.S. president stressed: "I would not allow countries to go off the dollar because when we lose that standard, that will be like losing a revolutionary war … That will be a hit to our country." Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Japanese Yen Tumbles to 34-Year Low Against Soaring US Dollar This week, the Japanese yen plummeted to its lowest point since 1990 against the U.S. dollar, weighed down by Japan’s monetary policy and uncertain economic indicators from the United States. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Philadelphia’s Republic First Bank Closed by Regulators, Assets Assumed by Fulton Bank In the wake of a turbulent period for U.S. banks, the Pennsylvania Department of Banking and Securities has shut down Philadelphia-based Republic First Bank, also known as Republic Bank. The Federal Deposit Insurance Corporation (FDIC) has stepped in as receiver, with Fulton Bank assuming nearly all deposits and assets. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 The US has stopped managing its debt and the situation is out of control So far, the financial world is pretending that nothing terrible is happening. However, the cost of servicing the national debt has doubled since 2020 and will be $1 trillion in 2023. BofA predicts it will cost $1.6 trillion to service U.S. debt this year if the Fed doesn't cut rates. Interest will become the most costly item in the budget, twice the Pentagon's budget. The problem has no easy solutions: it is impossible to devalue the dollar, its rate will fall along with the rates of other currencies (yen, euro, yuan); a default on U.S. Treasury bonds will lead to financial, and then political and military disasters. Therefore, the only way out is a prolonged inflation of the dollar, which will eat up the U.S. debt, and with it capital, savings and income, equalizing the rights and opportunities of Americans with Argentines. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 US Presidential Candidate RFK Jr Unveils Plan to Put Entire US Budget on Blockchain U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has unveiled his plan to put the entire U.S. budget on a blockchain. “Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day,” he explained, adding that if somebody is spending $16,000 for a toilet seat, everybody is going to know about it. "We’re gonna have 300 million eyeballs on our budget." “We should be wary since CBDCs are the ultimate mechanisms for social surveillance and control,” he has cautioned. “While cash transactions are anonymous, a CBDC will allow the government to surveil all our private financial affairs. The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires.” Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Confiscation of Russian Assets in the US Would Supercharge De-Dollarization Analysts are pondering the effects of the approval of the Rebuilding Economic Prosperity and Opportunity (REPO) Act by the U.S. House. The execution of seizures for over $6 billion of Russian assets held in U.S. institutions would “supercharge” the de-dollarization efforts of several nations. This is due to the possibility of having their assets seized following any disagreements with U.S. policies. It just supercharges de-dollarization. And that’s not good, especially when you have an America that is used to living on larger and larger debt raised by people placing the trust and buying treasuries and bonds. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Morgan Stanley: US Dollar Has No Credible Challengers; Reserve Currency Status to Endure The U.S. dollar is likely to remain the world’s dominant reserve currency due to the absence of credible challengers. Morgan Stanley suggests that the Chinese yuan, often considered a potential rival to the U.S. dollar, currently falls short and is unlikely to dethrone the greenback. Morgan Stanley’s assertive remarks come as concerns over U.S. debt levels and rising geopolitical risks have prompted a debate about the dollar’s future as a global reserve currency. The perceived weaponization of the dollar by the U.S. government is also energizing critics who have been calling for an alternative to the dollar. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 SEC Chair Gary Gensler's Social Media Post Led Some to Believe He Was Resigning U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s social media post expressing that “it’s been an honor to serve” as SEC chairman sparked speculation within the crypto community that he might be resigning from his position. Many people, including lawmakers, have criticized Gensler for taking an enforcement-centric approach to regulating the crypto industry. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

💥 Great offer for all honest True American Friends. Join the Association of True American Friends for free as You are always welcome as a real True American Friend. 👉 Join now: https://www.transam.org/joinus/ Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Peter Schiff Warns High Inflation Returning — Accuses JPMorgan CEO Jamie Dimon of Sugarcoating the Problem Economist and gold bug Peter Schiff has warned that high inflation will return with a vengeance and significant Fed rate hikes will be necessary. He also criticized JPMorgan CEO Jamie Dimon for downplaying the severity of the U.S. economic situation. However, he conceded that Dimon’s perspective is “a lot closer to being right than most other Wall Street CEOs.” But he’s actually sugar coating the problem. It’s far worse than he believes, or that he publicly lets on, if he’s deliberately understating how bad he knows the problem really is. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 High turbulence predicted for the US stock market Renowned American economist and analyst Ed Yardeni stands out from the mainstream of Wall Street experts with his thoughtful and logical forecasts and reasoning. The well-known economist attributed the market turbulence to the complex geopolitical environment that is weighing on oil prices, the lagging profit forecasts of some major U.S. companies (e.g., Tesla and Intel), a still-robust labor market and other factors that are preventing the Fed from making its long-awaited discount rate cut. As Fed Chairman Jerome Powell has repeated many times since March 2022, the start of the rate hike, the road to lower inflation will be an uneven one for the economy and markets, with bumps and potholes. The price of a barrel of WTI crude oil has already risen from $71 to $85 this year on heightened geopolitical tensions, especially in the Middle East. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Markets Tumble as Fed Rate Cut Expectations Diminish Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a rate reduction is very unlikely, and Cleveland Federal Reserve President Loretta Mester has expressed her inability to envision a rate cut occurring in May. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Peter Schiff Warns of Severe Economic Repercussions, Highlights Inflation and Money Supply Concerns In a recent analysis, economist Peter Schiff draws stark comparisons between the current U.S. economic optimism and the prelude to the 2008 financial crisis. Schiff, leveraging his expertise, warns of impending financial turmoil, emphasizing the critical role of money supply in understanding economic health. Schiff concludes by highlighting the critical relationship between money supply, inflation, and economic outcomes. He warns that ignoring the signs of an increasing money supply could lead to a repeat of historical economic downturns, emphasizing the need for vigilance and a reconsideration of current economic policies. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🌻 Happy Easter 🌻 Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Tesla Stock Might Have Just Had Its Worst Quarter Ever. What’s Next. For Tesla investors, it was a quarter to forget. They won’t get a mental break though. First-quarter deliveries are due in a few days. Tesla stock dropped almost 30% in the first three months of 2024 making it the worst-performing stock in the S&P 500. It’s the third worst quarterly drop ever for shares and the worst first-quarter drop—so Tesla stock just had its worst start to a year on record. The two worst quarterly drops, interestingly, were the second and fourth quarters of 2022. Both were when CEO Elon Musk was buying Twitter, which is now called X. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 BREAKING: The purchasing power of the US Dollar has decreased by 25% since 2020. Now, every $1 an American had is worth $0.75 in goods. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

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🔥 Truth Social’s stock rockets in first day with Trump’s initials as its ticker Trump Media’s stock nearly doubles in 2 days since merger closed, adding more than $2.5 billion to Trump’s wealth. Shares of Trump Media & Technology Group Corp. soared in active trading Tuesday, as investors rush to buy the ticker symbol that bears the initials of the former president. The stock’s DJT first trade with the new symbol “DJT,” for Donald J. Trump, was at $54.84 at 4 a.m. Eastern time, to mark a 9.8% gain from Monday’s closing price of $49.95. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 The Baltimore Bridge Collapse Is the Latest Disaster to Hit Global Shipping The collapse of Baltimore’s Francis Scott Key bridge wasn’t caused by neglect or decay. It’s a reminder, however, of the fragility of shipping infrastructure in the U.S. and abroad. The dramatic collapse of the Maryland span which is part of I-695, came after a containership plowed directly into a bridge support. The Wall Street Journal reported that about 20 people, along with a number of cars, had fallen into the river. The bridge spans some of the waterways that lead into the Port of Baltimore, one of the busiest ports in the nation and a significant stop for cruise ships. The port—officially known as the Helen Delich Bentley Port of Baltimore—handles bulk goods such as steel as well as cars, trucks, heavy machinery, and shipping containers among other products. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Boeing’s outgoing CEO David Calhoun got millions in extra awards just a year ago If you want to get a fascinating insight into the crisis that has enveloped Boeing Co. BA, -0.79%, look no further than the company’s filings relating to executive compensation — or, some might say, executive plunder. There you will find that the board of directors kept lavishing tens of millions in pay, bonuses and extra awards on Chief Executive David Calhoun, even as the company’s stockholder lost billions and the once-iconic company’s reputation went down the tubes. You will find that Calhoun, a finance guy parachuted into the hot seat from private-equity firm Blackstone just over four years ago, was paid about 150 times more per year than the typical worker — i.e. the people building the planes. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Powell: Economy Progresses but Inflation Still 'Too High' to Adjust Benchmark Rate On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is “greater confidence that inflation is moving sustainably” toward the 2% target. Fed Pauses Rate Changes, Awaiting ‘Greater Confidence’ on Inflation Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 U.S. corporations want a retroactive tax break from Congress that would cost Americans $33 billion Retroactive removal of deduction limits is a giveaway to corporations. The retroactive elimination of these deduction limits is now enshrined in a compromise bill, which recently passed the House by a 357-70 vote because it also includes a temporary expansion of the child tax-credit. Although I support the expansion of the child tax credit, I strongly urge the Senate to offer business relief only to the future years when the relief could influence corporate behavior. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 RFK Jr. on AI and how to save freedom of speech Independent presidential candidate Robert F. Kennedy Jr. talks about how AI is ‘lying to people’ and called AI is “terrifying.” Elon Musk said AI will take our jobs, then kill us. There are frightening anecdotes of AI lying to people," Kennedy said. "The U.S. must develop responsible AI use, because AI is a deepfake security crisis. Further, social-media sites must “permitting free speech." Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Financial Markets Tense as Inflation Rise Suggests US Central Bank May Keep Rates Steady The U.S. Consumer Price Index (CPI), experienced a 3.2% increase over the 12 months ending in February, marginally higher by 0.1% compared to January’s CPI. This development is not being well-received by the financial markets, as the U.S. Federal Reserve might postpone any reductions in the benchmark federal funds rate. A Fed rate cut in May is now very unlikely, but we still expect upcoming inflation data to be sufficiently improved to allow for a June cut. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 The World’s First Major AI Law Has Arrived. What the EU’s Rules Mean for Big Tech. The world’s first comprehensive legal framework for artificial intelligence has been finalized. European Union lawmakers on Wednesday approved the bloc’s AI Act, which is likely to shape the approach of U.S. technology companies. As whole, the legislation aims to protect European citizens’ rights from certain applications of AI and bring stricter oversight to the technology overall. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

Do you enjoy reading this channel? Perhaps you have thought about placing ads on it? To do this, follow three simple steps: 1) Sign up: https://telega.io/c/TransAmericanFriendship 2) Top up the balance in a convenient way 3) Create an advertising post If the topic of your post fits our channel, we will publish it with pleasure.

🔥 Fed Chair Powell: No immediate plans for US CBDC BREAKING: Fed Chair Jerome Powell has confirmed to the Senate Banking Committee that the Federal Reserve currently has no plans to launch a central bank digital currency (CBDC), alleviating concerns over privacy and government surveillance. Powell’s statements come amid global developments in digital currencies, with other countries advancing their CBDC projects, and political debates in the U.S. regarding the future of a digital dollar. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Emergency Fed bank effort that bouyed banks amid banking collapse ends lending Wall Street banks are hunting for alternative ways to shore up their coffers as an emergency lending tool that helped resolve last year’s regional banking crisis expires. It’s a crucial test for the Federal Reserve, which is still shrinking its balance sheet via so-called quantitative tightening after years of stimulus meant to spur a pandemic recovery. If cracks start to appear in the funding market, that process stands to stall — and the stability of the banking system could teeter again. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 All True American Friends have to get well prepared The worst is yet to come !!! Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 US Judge Backs SEC: Trading of Certain Cryptocurrencies on Secondary Markets Are Securities Transactions A U.S. district judge has sided with the Securities and Exchange Commission (SEC) in a ruling that declares the trading of certain crypto assets on secondary markets to be securities transactions. This decision emerged from an insider trading case involving crypto exchange Coinbase’s former product manager Ishan Wahi, his brother Nikhil Wahi, and their friend Sameer Ramani. Default judgments aren’t contested. The whole point is that the defendant didn’t show up from his hideout in India or wherever to contest anything. So the judge literally has the SEC on one side and no one on the other. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 The US debt is growing at a rate of 4 trillion dollars a year ! Arrogance and Ignorance - let's send to war zones another 100 billion that we have NONE of ! Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 GOLD RUSH Mark Zuckerberg among millionaires Doomsday prepping by hoarding gold as election & cell outages spark end-of-times fear MILLIONAIRES and elites are hoarding gold as part of their doomsday preparations as they look to barter with it, an expert has revealed. Rose, the CEO of Genesis Gold Group in Beverly Hills, California, said he deals with people buying the precious metal for doomsday-prepping purposes every day. Rose highlighted how doomsday prepping has become popular among millionaires such as Mark Zuckerberg and Sam Altman, along with pro athletes and other elites. “You’re reading all these stories and these millionaires are buying gold and building bunkers and you're like ‘What the heck is going’ and it's a trend that everyone is doing.” Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

💥 US GDP "grew" $334 billion in Q4.... That growth cost $834 billion in debt According to the Biden administration’s Bureau of Economic Analysis, US GDP rose 3.2% in Q4 2023, a modest drop from the 3.3% reported in the first estimate one month ago, and below the 3.3% consensus estimate. Nominal GDP rose from $27.61 trillion in Q3 to $27.94 trillion in Q4, which shows that the US economy increased some $334.5 billion in absolute nominal dollar terms. In other words, it cost $834.2 billion in debt during Q3 to grow the US economy by $334.5 billion, or exactly $2.5 in debt for every $1 in GDP "growth." Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Market Forecast: EUR/USD, GBP/USD, DXY, PMI, CPI, and Consumer Sentiment US economic indicators set the stage with Core PCE Price Index, unemployment claims, and Chicago PMI. Pending Home Sales decline signals potential shifts in consumer behavior and housing market dynamics. Key upcoming events include ISM Manufacturing PMI, UoM Consumer Sentiment, and FOMC members' speeches. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 Today's Market News 💥 NY Community Bancorp's stock drops 20% on CEO change, control issues 💥 Tesla expands charging to Ford, GM, eyeing billions in revenue 💥 Musk sues OpenAI, alleging deviation from AI mission 💥 Congress averts shutdown with short-term funding bill 💥 Euro Zone inflation eases, but core figures exceed expectations Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website

🔥 CBDC Anti-Surveillance State Act Back in the Senate The CBDC Anti-Surveillance State Act has been reintroduced in the Senate with the support of five U.S. senators. “As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal,” said one senator who supports the bill. A central bank digital currency (CBDC) “would open the door for the federal government to surveil and control the spending habits of all Americans,” he stressed. The Biden administration salivates at the thought of infringing on our freedom and intruding on the privacy of citizens to surveil their personal spending habits, which is why Congress must clarify that the Federal Reserve has no authority to implement a CBDC. As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal and control the spending habits of all Americans. Follow & share 👇 Telegram | GETTR | Twitter | TRUTH | BMC | Website