The British Pound Just Nosedived. Here’s Why That Should Matter to You

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of renowned author and former Wall Street insider, Nomi Prins. Every day, Nomi shines a light on a massive wealth transfer she calls The Great Distortion. That’s the true cause of the permanent disconnect she sees between the markets and the real economy. And she shares ways you can come out ahead, if you know where the money is flowing. You’ll find all Nomi’s Inside Wall Street issues [here](. If you have questions or comments, send Nomi a note anytime [here]( or at feedback@rogueeconomics.com. The British Pound Just Nosedived. Here’s Why That Should Matter to You By Nomi Prins, Editor, Inside Wall Street with Nomi Prins One of the most influential financial institutions in the world is in trouble. And as I’ll show you today, it could have major implications for your portfolio… See, I recently flew to London to catch up with my former Bear Stearns colleagues – and to do some boots-on-the-ground research for you. While I was there, I made a stop at the Bank of England. This central bank is one of the most important financial institutions in the world. It plays a role similar to the Federal Reserve in the U.S. It’s tasked with ensuring monetary and financial stability for the people of the United Kingdom. But right now, the U.K. is in a financial tailspin. Inflation there came in at 9.9% last month. And there are fears it could hit between 18% and 22% next year. So all this year, the Bank of England has been doing what central banks around the world are doing to curb out-of-control inflation – raising interest rates. Last week, concerned about the prospects for economic growth, it raised its key lending rate by 0.5%. It has now raised interest rates six times this year. And its interest rate is the highest it’s been since the 2008 financial crisis. Added to that, the British pound fell to its lowest level ever – yes, ever – this morning. There’s much uncertainty concerning the new government's policies. The market there is reeling. And it’s bracing for a possible emergency rate hike… But there’s a much more worrying development looming. And it’s important that we pay attention to it on this side of the Atlantic, too… Because it could impact the reach and power of central banks around the world, including the Federal Reserve here in the U.S. And if you don’t understand what’s coming, it could have major implications for your wealth in the years ahead. That’s why I’m holding an emergency briefing on [Wednesday, September 28 at 8 p.m. ET.]( I’ll give you all the details on what’s coming. And I’ll show you a new strategy I’ve developed that could help you make as much as 10x your money. In the meantime, let me show you why the Bank of England is in trouble – and what I found out on my trip to London… Recommended Link [$130 trillion revolution in this cup?]( [image]( Don’t try this at home. Former Goldman Sachs executive Nomi Prins recently drank the contents of a brand-new type of battery… To reveal why 5 billionaires are investing in [this tiny $4 company behind it.]( And how it could unleash a $130 trillion energy revolution. [Watch the 30-second demo here.]( -- British Institutions It’s a tumultuous time for the U.K. While I was there, Queen Elizabeth passed away. That means the country lost its monarch – its head of state – who held the title for 70 years. During her reign, Queen Elizabeth II met with 13 of the last 14 U.S. presidents. [image]London’s Tower Bridge lit up in purple to honor Queen Elizabeth She held special counsel with the prime minister, dating back to Winston Churchill. And she was a pillar of symbolic history here and around the world. Yes, the time of British Imperial rule is largely a thing of the past. But if standing in front of the historic Bank of England building told me anything, it’s that we can still learn a lot from history. [image]Nomi pays a visit to the Bank of England, the world’s eighth-oldest bank The Bank of England has been located in the same spot since 1734. That’s decades before the U.S. was even a country. The bank has navigated pandemics and world wars. And it has withstood the economic challenges facing the country throughout it all. It is far from a perfect institution. Yet it still remains independent from Parliament, with a mandate to maintain price stability, while also supporting the U.K. government’s economic policies. These policies are centered – like they are in the U.S. – around growth and employment. [Featured: The diversification method is crushing people.]( Similar to other major economies, the Bank of England looks to have an inflation target of 2%, which is based on the U.K.’s Consumer Price Index. It tries to achieve this by setting interest rates. It has used its monetary reach through quantitative easing (QE) policies, like the Federal Reserve, since the financial crisis of 2008. That has been part of what unleashed the first phase of The Great Distortion globally… which, as regular readers know, has become a permanent distortion in the wake of the pandemic of 2020. And that brings us back to the crossroads I mentioned earlier. Recommended Link [Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse back in January – reveals his strategy:]( [image]( The One-Ticker Retirement Plan How to make all the money you need – in any market – using a single stock. [Click here for the name of the ticker…]( -- More Uncertainty Ahead Right now, there’s speculation that the Bank of England’s independence might go away soon. The U.K.’s new prime minister, Liz Truss, has publicly taken aim at the central bank’s mandates, its independence, and how and when it sets interest rates. That’s major news for investors and financial markets. Because they actually like stability and certainty. And if you have any money in the markets, that matters. Speculation over what that mandate might be… how much political involvement might come… and even which politicians might be involved is already creating uncertainty. And we already have overwhelming uncertainty over what the Fed is doing with rates in the U.S. to supposedly fight inflation. Especially given the recent U.S. CPI numbers, which came in at 8.3%. [Featured: My exclusive trading method could make all your financial worries go away - Jeff Clark]( All this comes at a time when the U.K. faces an epic energy, inflationary, and now currency crisis. So paying attention to what the Bank of England does next is important for investors everywhere. Because market reactions in the U.K. can give us signs of what’s to come across the pond. As I write, the Financial Times Stock Exchange 100 Index (FTSE 100) – the U.K.’s benchmark index – is down 0.93% this morning. And as you know if you’ve been following my work recently, the cracks are already starting to show here at home. Recommended Link [An Eerie Prediction from the “Nostradamus” of the 21st Century]( [image]( We recently came in contact with an unusual source. A man who has traveled the world issuing a string of bizarre predictions. A surprising number of which have come true – with dire implications for the world at large – and your investments. But his latest prediction is perhaps his most unusual – and important to date. Nomi has the details. [Click here for her full write-up.]( -- See, Americans are in the crosshairs of a multitrillion-dollar market shock I’m calling “Enron 2.0.” The last time something like this happened, my mom lost half of her life savings. And I don’t want the same thing to happen to you. That’s why I’m holding an emergency briefing this [Wednesday, September 28 at 8 p.m. ET.]( I’ll give you the details on what’s coming. And I’ll show you a new strategy I’ve developed… This strategy can help you prepare your portfolio – and give you the opportunity to make as much as 10x your money as this historic distortion unfolds. So I hope you’ll join me on Wednesday. [Simply click here to save your spot](. And I’ll see you there. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. As a thank you for tuning in on Wednesday night, I’m even giving away the name of one of my favorite stocks, which I think could become a blue chip over time… along with a special report my team and I put together called The Dirty Dozen. In it, you’ll find 12 energy stocks to avoid at all costs. Anyone who shows up to my event will get these for free – no strings attached. All I ask is that you please join me on Wednesday night at 8 p.m. ET. So don’t wait – [reserve your spot right here](. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: The Cozy Power Relationships That Drive The Great Distortion). --------------------------------------------------------------- MAILBAG The energy transition conversation continues… after Nomi shared an interview with geopolitical strategist Peter Zeihan… and since she started writing about what’s happening in Europe. [Catch up [here]( to read the interview]. Germany has wind and solar renewables with nameplate capacities that are larger than the German electricity demand. So why is Germany so desperate for natural gas and why are they restarting their coal plants? It is because wind and solar are not dispatchable, meaning they are unreliable. Electrical grids must have a steady 24/7 minute-by-minute supply and they cannot get it from renewables. And they never will. Your caution on advising your clients is very important so they do not get caught in investments that fail. – Chuck D. Nobody talks about South Stream, the back door to Europe. Do you really think the Western world actually sold their assets in Russia? Maybe they did on paper but I can assure you there are buy-back clauses. – Denis T. And another reader comments on Nomi’s [recent mailbag edition]( specifically on her section on what to do about nuclear waste… We need to start recycling nuclear waste. Nevada politicians have done the state a disservice by opposing Yucca Mountain. We should make Yucca Mountain a recycling facility and start building the mini nuclear power plants that the U.S. military developed. – Mark W. Will you tune in on Wednesday to receive Nomi’s free special report on 12 energy companies to avoid? Are there any companies in the energy sector that you are excited about, and believe in their mission? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: The British Pound Just Nosedived. Here’s Why That Should Matter to You). 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