Investors Be Wary: The Dollar is on its Way Out

How long can a good thing last? In the realm of finance and economics, when things just seem too good to be true for too long, it’s a near guarantee that a downturn is just around the corner. As Dawn J Bennett, host of the Financial Myth Busting with Dawn Bennett talk show and long-time money manager argues, though the strengthening dollar and the Federal Reserve have maintained an aura of invincibility for several years now, their time will soon be up. In Bennett’s eyes, the Federal Reserve has already proven its fallibility by demonstrating that its four-part Quantitative Easing strategies and two Operation Twist programs did not, in fact, result in a stronger, more expedient economic recovery. Rather, their efforts have culminated in the worst economic recovery in the last 75 years with an economy that’s actually decreased in size. What’s more,  Bloomberg reports that the U.S. annual median income is still 4.4% less than what it was in 2000, which hardly paints a picture of recovery. The economy may be performing better than it was in 2008, but that doesn’t mean it’s truly recovered, or that we can blindly expect the “good times” to keep on rolling.

dawn j bennett weakening dollar

What’s perhaps most troubling is that the Federal Reserve continues to claim its approaches are effective, and the government and the public seem to be wholeheartedly buying in. While many are quick to note  that the dollar has reached an 11-year high in surpassing the Euro, or that 8 of the 10 most profitable companies in the world are based in the United States, are these accurate ways to assess our own economic fortitude? What about the fact that the majority of these other countries are currently experiencing economic slumps? Can we really say we’ve made a spectacular comeback by comparing ourselves to others who happen to be doing worse?

Further, the fact that the Fed’s policies are driving the dollar into the ground should be somewhat obvious to both itself and our government. The principles of inflation and devaluation are covered in even the most basic of economics courses; we know that the greater the supply of something (in this case, the dollar), the more likely its value will decrease. So why has the Federal Reserve held so firm to its belief that the printing of trillions of additional dollars won’t lead  to inflation and devaluation? What’s more, while the Federal Reserve is hard at work undercutting the dollar, other countries are already in talks to make sure the dollar is on its way out, making public their desire to abandon reliance on the dollar and create a new international currency.

As Bennett sees it, the dollar will unquestionably dwindle in strength in the coming years; so the question is not whether we can reverse the Fed’s actions or thwart the ambitions of other nations, but rather how we, as individual investors, can prepare for the dollar’s demise.

 

Bennett Group Financial Services LLC, based in Washington, D.C., is a comprehensive financial services firm committed to providing opportunities to clients’ as they seek long-term financial success. Its customized programs are designed with the potential to help grow, lower overall risk and conserve client assets by delivering a high level of personalized service and skill.

For more information, call 866-286-2268 or visit http://www.bennettgroupfinancial.com

Securities offered through Western International Securities Inc. (WIS), member FINRA/SIPC. BGFS and WIS are separate and unaffiliated entities.

About Dawn Bennett

Dawn Bennett is CEO and Founder of Bennett Group Financial Services. She hosts a national radio program called Financial Myth Busting http://www.financialmythbusting.com

She discusses educational topics and events in the financial news, along with her thoughts on the economy, financial markets, investments, and more with her live guests, who have included rock legend Ted Nugent, as well as Steve Forbes and Grover Norquist. Listeners can call 855-884-DAWN a as well as take podcasts on the road and forums for interaction.

She can be reached on Twitter @DawnBennettFMB or on Facebook Financial Myth Busting with Dawn Bennett or dbennett@bennettgroupfinancial.com

 

Charter Schools, Common Core and the Case for Financial Literacy

The case for bolstering financial literacy efforts in the U.S. may now gain more traction thanks to an inaugural Program of International Student Assessment study that measured the financial literacy levels of 15-year olds from around the world. The study found that in terms of their skills and knowledge, students in the United States ranked between 8th and 12th place among the 18 countries studied. For a nation that boasts the world’s largest economy, such a ranking is both embarrassing and cause for concern. The study also found that about 20 percent of students in the U.S. don’t maintain basic proficiency in finance—a figure 3 percent higher than the average of students who weren’t proficient in other countries.shutterstock_216143215

Financial experts like Dawn J Bennett, CEO of Bennett Group Financial Services and host of the Financial Myth Busting with Dawn Bennett show, have long argued that financial literacy is a skill imperative to America’s youth. But young adults shouldn’t have to earn a degree in economics to graduate with the type of money management skills needed for a lifetime of financial stability (and a strong economy). Unfortunately, there are currently few avenues for students to acquire these needed skills and knowledge outside of the home.

One sector that has started to make financial literacy a priority, however, has been the charter school system. In an interview with Bennett, President and CEO of the National Alliance for Public Charter Schools Nina Rees stated that she sees this subject as both essential and complementary to existing K-12 curriculums, arguing that preventing another economic crisis depends in large part upon a generation that has the financial acumen to effectively manage their money and recognize poor investments when they see them. Incorporating finance as part of a K-12 curriculum is also a way to supplement or introduce new math skills to students, which can significantly improve math scores. Rees also noted that charters schools are uniquely positioned to target the nation’s financial illiteracy because they operate outside of the bounds of state and federal mandates. Curriculum and teaching styles can therefore be more quickly altered to better meet the needs of the students.

The key to continuing these financial education opportunities lies in part with increasing funding for charter schools. While President Obama has been a champion of charter schools throughout his administration, Rees argues that more federal funding is paramount to reaching a larger number of students; given that there are currently 1 million students awaiting acceptance into charter schools in the U.S., there’s no denying that this alternative to traditional public education is valued by a growing number of parents and students.

The Common Core curriculum presents further challenges to charter schools and their ability to address financial literacy. While publically-funded schools are not required to adopt the Common Core, the Obama Administration has made it difficult to defer, as acceptance of this curriculum is accompanied by significant federal dollars. The Common Core curriculum is therefore becoming a part of many charter schools, and its new benchmarks are influencing the things that previously set charter schools apart from their traditional public counterparts, like their ability to cover a wide range of important, yet sometimes overlooked, subject matter.

Bennett Group Financial Services LLC, based in Washington, D.C., is a comprehensive financial services firm committed to providing opportunities to clients’ as they seek long-term financial success. Its customized programs are designed with the potential to help grow, lower overall risk and conserve client assets by delivering a high level of personalized service and skill.

For more information, call 866-286-2268 or visit http://www.bennettgroupfinancial.com

Securities offered through Western International Securities Inc. (WIS), member FINRA/SIPC. BGFS and WIS are separate and unaffiliated entities.

About Dawn Bennett

Dawn Bennett is CEO and Founder of Bennett Group Financial Services. She hosts a national radio program called Financial Myth Busting http://www.financialmythbusting.com

She discusses educational topics and events in the financial news, along with her thoughts on the economy, financial markets, investments, and more with her live guests, who have included rock legend Ted Nugent, as well as Steve Forbes and Grover Norquist. Listeners can call 855-884-DAWN a as well as take podcasts on the road and forums for interaction.

She can be reached on Twitter @DawnBennettFMB or on Facebook Financial Myth Busting with Dawn Bennett ordbennett@bennettgroupfinancial.com

The Dangers of the Strengthening Dollar

A strengthening dollar is good news for any recovering economy, right?  Given the dollar’s current soaring value and the continued improvement of the U.S. economy, such would seem to be the case. However, a strong dollar isn’t always a sign of good times to come, as financial money manager and radio host Dawn J Bennett  recently discussed with Dr. Paul Craig Roberts, Former Assistant Secretary to the Treasury.  In what ways is a strong dollar potentially dangerous?

dawn j bennett devalued dollar

According to Roberts, part of the reason the dollar carries the potential to incite negative consequences is because of its role as the world’s reserve currency, which has allowed it to wield disproportional power over the currencies of other countries. This presents some notable disadvantages, including the fact that any unwise monetary choice we make will most certainly negatively affect the rest of the world. Take for example, our current fiscal policies. The Federal Reserve continues to print large quantities of money as part of its multiple quantitative easing efforts, and has also implemented markedly low interest rates; a 10 year Treasury bond holds an interest rate of just 1.87%. Were the GDP of the United States increasing in tandem with these low interest rates and influxes of currency, there wouldn’t necessarily be reason for concern. But, as Roberts points out, given that the value of our goods and products have actually remained stagnant, the Federal Reserve is priming the well for a major bout of inflation—not to mention positioning the strength of the dollar as an asset bubble itself. In short, were the dollar to sharply decrease in value as a result of inflation, so too would the value of holdings around the world. The unsound practices the U.S. implements today therefore won’t just hurt our own economy when they inevitably “burst,” they’ll deliver a blow to the entire global economy.

A dollar that maintains too much strength also weakens the success of U.S. big business. The stronger the dollar, the weaker the currencies of other countries; while Americans benefit from cheap imports under a highly-valued dollar, our big business exports end up costing foreign purchasers much more, and in turn reduce sales. According to a Washington Post article, recent stock market decreases already serve as indications of how big business is losing out to a stronger dollar.

What’s more, the dollar’s integral role in the world market has unfortunately been leveraged to suit the U.S. political agenda. Economic sanctions have become a frequent course of action for coercing nations to fall in line with our objectives as a result of the dollar’s necessity to economies around the world. Those like Bennett and Roberts find it hard to believe that the dollar will avoid devaluation in the coming years given these increasingly unpopular sanctions. Already nations like Brazil, Russia, China, South Africa and India are moving away from the dollar and forming their own international currency.

Ultimately, as Roberts suggests, until the United States takes a less “arrogant” approach to how it deals with the dollar and reverses unsound fiscal policy, we can expect that the dollar will no longer reign supreme.

 

Bennett Group Financial Services LLC, based in Washington, D.C., is a comprehensive financial services firm committed to providing opportunities to clients’ as they seek long-term financial success. Its customized programs are designed with the potential to help grow, lower overall risk and conserve client assets by delivering a high level of personalized service and skill.

For more information, call 866-286-2268 or visit http://www.bennettgroupfinancial.com

Securities offered through Western International Securities Inc. (WIS), member FINRA/SIPC. BGFS and WIS are separate and unaffiliated entities.

About Dawn Bennett

Dawn Bennett is CEO and Founder of Bennett Group Financial Services. She hosts a national radio program called Financial Myth Busting http://www.financialmythbusting.com

She discusses educational topics and events in the financial news, along with her thoughts on the economy, financial markets, investments, and more with her live guests, who have included rock legend Ted Nugent, as well as Steve Forbes and Grover Norquist. Listeners can call 855-884-DAWN a as well as take podcasts on the road and forums for interaction.

She can be reached on Twitter @DawnBennettFMB or on Facebook Financial Myth Busting with Dawn Bennett ordbennett@bennettgroupfinancial.com

 

Investors Need to Beware the Machiavellian U.S. Government

Dawn J. Bennett warns investors that even a Machiavellian U.S. Government can’t hide the financial truth!  Dawn tells how there is very little agreement in the U.S. government today about what is right and wrong.  In the current Machiavellian system what really matters are the ends, not the means.  She says we are lost because we have forgotten the values and principles of our Founding Fathers, namely, a free people cannot survive under a guiding Constitution unless they remain virtuous and morally strong.

Dawn feels that today’s U.S. government has lost sight of its meaning.  Samuel Adams once said, “Neither the wisest Constitution nor the wisest laws will secure liberty and happiness of a people whose manners are universally corrupt.  He, therefore is the truest friend to the liberty of his country who tries most to promote its virtue, and who will not suffer a man to be chosen into any office of power and trust who is not a wise and virtuous man.”  Dawn J Bennet sees that in the last 10 years the government has lost citizen trust, and wonders how it will ever regain it.  She says the media has led government officials into believing that the American people think they are doing a good job, and never lost trust in them.  This media, or propaganda, about the state of the U.S. economy is one of the greatest propaganda coups of our time.

Dawn says that Bernanke, now Yellen’s experiment in market central planning in which a bank’s balance sheet is far more important than fundamentals is one of the greatest investing perversions to ever emerge in U.S. markets.  The stock returns over the last five years have been duplicitous, disproportionately skewed to the upside.  Giving the sense that we are in a recovery, but this isn’t true.  The Dow Jones Industrial had a huge decline during the week of July 21, 2014.  Then Amazon reported their worst earnings in years, causing their stock to tumble.  On top of all that Caterpillar’s earnings, the bellwether industrial company, were down again for the 19th consecutive month.

Despite all the claims of a financial recovery, we are really still in a financial crisis.  Dawn J Bennett wants American investors to not be easily manipulated into investment victims.  It is important to investors that they look at reality and figure out who can be trusted.

Dawn Bennett Investigates DOJ Misconduct with Sidney Powell

It’s important that we keep our government honest and hold it to the highest standards possible, especially if we want to improve as a nation.  This is why Dawn J Bennet did an interview with Sidney Powell, author of the new book, Licensed to Lie: Exposing Corruption in the Department of Justice, on her Nationally Syndicated Financial Myth Busting Radio Show.  Sidney Powell is a long time lawyer with over 500 Federal appeals resulting in more than 180 published opinions.  She is one of the greatest whistle blowers in history.

According to Mrs. Powell there have been constant abuses of power by the Department of justice (DOJ).  The three biggest offenders have been Catherine Rumler, Matthew Friedrich and Andrew Weissman.  Mrs. Powell along with Bill Hodes filed grievances against them but the courts and bars did nothing about the cases.  This is why Mrs. Powell’s book is titled “Licensed to Lie”.  They found that the bars and courts were unwilling to help in any form.

Mrs. Powell believes that there was a hidden agenda behind all of this.  Matthew Friedrich was Acting Attorney General for the criminal division of the DOJ, where he micromanaged the prosecution against former U.S. Senator Ted Stevens.  Unseating Ted Stevens created a shift in power that allowed Obamacare to be passed.

Mrs. Powell’s book named a lot of big names, but she still hasn’t received any responses in regards to her new book.  She told Dawn J Bennet that the DOJ has become extremely politicized in the last 10-15 years.  It has become a tool to promote the presidential agenda, and will continue to be such until people are called to answer.  Mrs. Powell hopes that the DOJ can eventually be restored as a bastion of integrity.

In her new book Mrs. Powell covers the rampant misconduct within the DOJ, such as prosecutors charging defenders with a crime even if it isn’t a crime.  She believes this type of misconduct within government agencies may be more widespread than just the DOJ.  The DOJ’s ethical misbehavior is most obvious because of how much power it has over a person’s daily life.

Since the DOJ recently closed a case in which they received a $7 billion settlement against Citibank Dawn J Bennett asked how they had handled cases involving the public sector, and Mrs. Powell didn’t have  kind words for that either.  She pointed out that Fannie and Freddie who caused a great deal of financial disasters haven’t been investigated very well.  In fact the heads that caused the disasters got to leave with a $180 million between them in bonuses.

Mrs. Powell’s last major point of discussion during the interview was the numerous Brady violations by prosecutors.  A Brady violation is a constitutional violation by a prosecutor who has a legal, ethical and Constitutional obligation to provide to the defense any evidence that is favorable to the defense, mitigates the punishment against the defendant or impeaches or undermines the credibility of the government’s witnesses.  Mrs. Powell says the government has been hiding evidence and Federal prosecutors have been committing a lot of Brady violations for the last 10-15 years.

It is very fortunate that Dawn was able to interview Mrs. Powell about the ethical issues happening at the DOJ.  Sidney Powell’s book “License to Lie” is available on Amazon, and at www.Licensedtolie.com.  It’s got the links for Amazon, Barnes and Noble, all the book outlets that people can order the book from.  It’s also on Kindle and Nook, and all the eBook websites.