Don’t Let Your Credit Dry Up

The Risks of Forced Frugality [The Daily FWD] October 24, 2023 [UNSUBSCRIBE]( Don’t Let Your Credit Dry Up Hi Reader, Before we get started, I have a special announcement for you! We’ve just debuted our brand new Paradigm Press YouTube channel, another free benefit for YOU. Every week, our very own Sean Ring, editor of the Rude Awakening, will be sitting down for exclusive interviews with some of the brightest minds in finance. Trust me, you don’t want to miss this. You can view the existing videos we have on our channel now by [clicking here](. Also, [don’t forget to subscribe]( so you can be notified each week when a new video goes live! Today at 3pm ET, Sean will sit down with Jim Rickards to discuss everything you need to know about the conflict in Israel. So make sure you tune in later today for that video premiere. Now, let’s dive into today’s articles… [Click here to learn more]( News: Charles Hugh Smith – 2024: The Year of “Forced Frugality” 2024: Forced frugality as jobs are slashed, profits fall, inflation stays sticky, credit dries up, businesses close, Federal Reserve stimulus wanes and soaring government borrowing costs crimps government spending. In an era where risks are multiplying and hard to assess, optimizing our lives for broad-based life skills, zero-debt, direct control of our assets, and becoming valued contributing members of networks of productive, trustworthy people will lower our exposure to risk and increase our security. If the status quo manages to continue on its present course, none of these strategies reduce our enjoyment. Reducing risk by adding skills and enterprise works just as well in good times. If things unravel, these risk-reduction strategies quickly shift from “nice to have” to “essential.” But by then, it will be too late to put them in place. [⇒ Read More Here]( Recommended Reads: [External Advertisment] [66,000% upside on tiny biotech?]( The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price. [⇒ Get all the details here]( [Click here to learn more]( Politics: Dave Gonigam – Un-Made in China There’s an urgent crisis brewing in America, and everything we’ve heard about China over the past 12 months is just the tip of the iceberg. As our largest supplier of goods, China has been the USA’s key to an affordable quality of life for years. But now, China is facing a debt crisis that could threaten our ability to enjoy an affordable, high-quality life. [⇒ Read More Here]( [Click here to learn more]( Retirement: Zach Scheidt – The Consumer Is Cracking — Here's How to Play It This disturbing chart shows just how dangerous this economy is for many consumers. But it’s also one that gives you a great opportunity to profit — if you know how to set up the right trade. Today, Zach will show you this developing trend, so you can better protect your wealth and generate some extra income for retirement. [⇒ Read More Here]( [Click here to learn more]( Markets: Sean Ring – Sticking Solar Where the Sun Doesn’t Shine The UK stuck to the European obsession with green energy and renewables, as that’s a global problem that should be handled by a country with global credentials. No matter that the UK is responsible for all of 2% of the world’s carbon emissions. No matter that the UK’s industrial base can fit in my living room. But particularly hilarious is the UK’s obsession with solar power. And this is where open-mindedness gets a country in trouble. Anyone with a modicum of common sense would question whether solar was the best option for such a soggy place. This isn’t a rant against clean energy. It’s a demonstration of stupidity and lack of common sense. [⇒ Read More Here]( [Click here to learn more]( America: Jeffrey Tucker – The Social Contract Is Shredded The reality today is that the social contract is broken in nations all over the world. This concerns the widespread failure of social welfare, health systems and sound money. It includes the medical conscription called vaccine mandates. It impacts on mass migration as well as crime, and many other issues as well. Systems are failing the world over with ill health, low growth, inflation, rising debt and widespread insecurity and distrust. [⇒ Read More Here]( That’s all for today, we’ll be back tomorrow with what our editors were looking at this week. Every Friday we address as many reader emails as we can. You can email us [here](mailto:feedback@paradigmpressgroup.com?subject=Daily FWD Feedback) with any questions or feedback. We look forward to hearing from you! Looking forward to your financial future, [The Daily FWD] The Daily FWD [feedback@paradigmpressgroup.com](mailto:feedback@paradigmpressgroup.com?subject=Daily FWD Feedback) Recommended Reads: [Could this deliver a DEATH BLOW to the Dollar?]( [Click here to learn more]( Joe Biden just dropped a BOMBSHELL that could send shockwaves through the U.S. economy… And deliver a DEATH BLOW to every dollar in your bank account. Thankfully, we have a “man on the inside” who’s been following this development very closely… And in [his latest MUST-SEE presentation]( he reveals exactly what Biden just did… Why every dollar you own could be in serious jeopardy… And how to protect yourself from the potential fallout. [⇒ Click here now to learn every important detail before it’s too late](. [Paradigm]( ☰ ⊗ [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. 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