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October 6, 2024

Financials Matter

"It's Not Just About Finance"

Goldman Sees 4 Fed Cuts In 2024

Whenever you see the words “Goldman Sees” or “Goldman Says: … you should consider doing the opposite.

 

And recently we saw a headline that read:

 

Goldman’s Rates Guru Sees 4 Fed Cuts In 2024, A “Great Year” For China, & Dollar Weakness

 

 

Goldman Sachs (Aka:  The Vampire Squid) is notorious for “Talking their Book.”

And in the process, they get you to zig while they zag.

 

In case you forgot…when the markets were collapsing in 2008, good ole Goldman was selling their garbage bundled mortgages to anyone and everyone KNOWING that they were garbage and going to collapse.

 

And in the end, it put them on the brink of bankruptcy.

But they were the first in line to get bailed out by then Secretary of Treasury Hank “Tanks in the Street, Mr. President,” Paulson.

Ironically (or NOT), before becoming the Treasury Secretary, Paulson was the CEO of Goldman Sachs.

 

But that’s another story for another time.

 

READ: Multiple Articles about corruption within the “Vampire Squid” (HERE)

 

 

 

 

 

 

 

Don’t Believe What Goldman Sees or Says

 

 

 

Now that January is over – and the Guru Wannabes have made their predictions for 2024 – we want to be on record as taking the opposite side of Goldmans forecast.

 

Simply stated, means we believe:

 

  1. There may only be one Fed Cut in rates in 2024
  2. And that the FED might raise rates again (GASP! How Can you say that?)
  3. Have you been paying attention to how China’s market is doing so far this year?
  4. And before the end of 2024 we believe the Dollar will gain strength and destroy everything in its path.

 

One of the main reasons we believe rates will go up in 2024 is tied to inflation.

And the greatest cause of inflation is…wait for it…WAR.

 

So, unless we stop funding Ukraine and Israel (Cough! Ain’t gonna happen, Cough! Cough!) inflation ain’t going away.

And you cannot fight Inflation by lowering rates.

 

As far as the dollar is concerned, Inflation will force the dollar higher in 2024.

As a result, it will wipe out most other currencies along the way.

 

Why, you ask?

 

Because most bonds (all around the world…and especially in Asia) are denominated in…you guessed it… “Dollars.”

 

So, how can this be a great year for China?

 

If anything, our actions in 2024 will force China do accelerate their dumping of our Treasury bonds.

And cause them to strengthen their allegiance with Russia, Iran, and North Korea.

 

Are you confused yet?

 

If you believe what “Goldman Says” then it is understandable why you are confused.

 

But if you want to see how the financial world operates “Behind the curtain” be sure to read our monthly “…In Plain English” newsletter (HERE).

 

And be sure to check out the special rates we offer for monthly and yearly subscriptions (HERE).

 

Share this with a friend…even if they’ve never heard of Goldman Sachs being the “Vampire Squid.”

They’ll thank YOU later.

 

And tell them:

 

We’re Not Just About Finance

But we use finance to give you hope.

*****************************************

 

 

 

Invest with confidence.
Sincerely,
James Vincent
The Reverend of Finance
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