The Great Reset: An alien threat is a government spending bonanza – More bank consolidations to come leaving only 6 banks in 2025?

"'An alien threat is a government spending bonanza,' claims Edward Dowd, founding partner of Phinance Technologies. He also warns that central bank digital currencies could give the government more control over people’s money and freedom, adding more economic chaos to today's bear market. And as economic conditions worsen, the U.S. dollar is “at an endgame” and the government would need to introduce a new financial system, he explains. 

"In order to survive this ongoing turmoil, Dowd advises investors to seek opportunities in cash. “People at the maximum amount of fear will want to sell everything. You have to fight that fear,” he claims. Finally, he says that de-dollarization is unlikely to happen given the dollar’s dominance in global trade. “So the dollar system, if it fails, will fail up, meaning it will destroy the rest of the globe before it destroys us,” he concludes.

"The system is at its expiration date and we have a weak administration."

"Any food not terrified of CBDC doesn't deserve to have money."

More in the Stansberry Research video with Daniela Cambone and her guest Edward Dowd.