Good morning. The U.S. dollar is in decline. The latest example of this is the rise of a “BRICS currency” bloc. Developing nations such as Brazil, Russia, India, China, and South Africa are working on a trading currency that could compete with the dollar, and also the Euro. The group has now extended an invitation to additional nations, the most important of which is oil-rich Saudi Arabia.
While it’s unlikely that the dollar will cease to be used in global trade, it’s clear that other countries want alternatives for their bilateral trade. These moves away from the dollar are slow, but they are steady. It’s possible the trend could reverse, but for that to happen, the dollar would have to start looking more attractive for investors.
For now, U.S. investors may want to look at international diversification. They can do that by buying industry-leading global companies headquartered in other parts of the world. That will add some diversification out of the dollar, and can help protect from currency fluctuations – good or bad – over time.
Now here’s the rest of the news:
Durban Accords: What Happened with BRICS?
As the BRICS nations of Brazil, Russia, India, China and South Africa meet to discuss their geopolitical agenda and hash out goals for the alliance, they are giving the world a preview of what the future may look like… [Read Here]
America’s Propped-Up Economy Is on Its Last Legs
Since the end of the pandemic panic, high inflation and “revenge spending” have American households throwing around money like drunken sailors partying hard. But now the cash is running out… [Read Here]
August 29, 2022
On Friday, Federal Reserve Chairman Jerome Powell warned of “economic pain” ahead, as the central bank remains committed to further increasing interest rates. Markets didn’t like the news, as it means a pivot away from that policy may not occur until next year.
That likely means markets are back in a downtrend, and will potentially retest their June lows in the coming weeks. Adding to that possibility is historical seasonality: September and October are the two worst months of the year for the stock market.
Traders should look to sell out of any speculative names now, and continue to look for short-term trades to benefit from a market decline in the coming weeks.
Now here’s the rest of the news:
Why China and India Will Trigger a New Gold Rush
Jake Klein, executive chairman of Australia’s Evolution Mining, believes gold will take a somewhat slow and steady approach toward a $2,000/oz price. While some are… [Read Here]
August 29, 2021
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Beautiful sunset over the rocks on Freshwater West beach in the Pembrokeshire Coast National Park in Wales, United Kingdom.
August 29, 2020
Love this guy Tom “Big Al” Schreiter; he always shares great marketing secrets. I guess they’re not secret anymore…
Tip #1 – Secret #1 exposed. Tom tells a story about ‘this friend’ who claimed Facebook ruined his business. His friend explains, “I was so excited about my company. Every time the company had an announcement, an event, a promotion, or a trip to win, I posted it on my Facebook page. Later, when I called my friends to prospect them, they all said that they already knew about my business from my Facebook page, and that they weren’t interested.”
Facebook can be awesome for our business … or it can ruin our business. Think carefully about what we post and what our long-term strategy will be with our Facebook friends.
Tip #2 – Secret #2 exposed. Tom was talkin’ to a distributor who sells a healthy snack. He asked her where she found her best prospects. She said, “It’s easy. At work. I simply follow people when they go to the vending machine. Then I stand next to them, eat my healthy snack, and they always ask me how they can get some healthy snacks, too,”
She is selling lots of healthy snacks and making a great part-time income at work.
Meanwhile, another distributor is doing this:
- Creating a healthy snack brochure.
- Designing the copy for the web page.
- Hiring someone to create the web pages.
- Writing an autoresponder series
- Testing a Google Adword keyword group.
- Creating an order page.
- Spamming Facebook groups.
- Etc., etc., etc.
Sometimes we forget that network marketing is a people-to-people business. 🙂
August 29, 2019
The Secret to Attracting What You Want
If the Law of Attraction is so simple, then why do so many people struggle when it comes to attracting what they truly want? I want to tell you a story first!
Well, there’s an old story about a man who heard about a stream where there’s supposed to be great ﬁshing. So one day, he goes to the stream, tosses in his line and waits.
While he’s waiting, he looks down the bank and sees an old man pulling out one fish after another. The younger man watches as the older one measures each ﬁsh with a broken ruler. If the ﬁsh is bigger than the broken ruler, the older man tosses it back into the stream. But if the fish is smaller than the ruler, he puts the fish in his bucket.
After watching for awhile, the younger man finally interrupts the older one and says, “Excuse me, but I’ve been watching you pull in all those fish. You’re pulling in so many, but why do you throw the big ones back and keep the little ones?”
And the old man says, “Buddy, you see that broken ruler on the edge of the riverbank?” And the younger man says, “Yes.” And the older man says, “That broken ruler is broken at exactly the size of the frying pan I use.”
You’d probably laugh at a fisherman who wouldn’t realize he could eat bigger fish, even with a small frying pan. However, this is the perfect analogy for what most people do in their lives.
The stream of life tosses you a big fish in the form of an idea or a possibility. You measure it by the size of the frying pan you have, which is your known world, or what you’ve already accomplished. You say,
- “Well, I don’t have the money to do that.”
- “I don’t have the experience.”
- “I’m not old enough or young enough.”
These limitations that you place on yourself are called paradigms. A paradigm is a collection of thought patterns that produce habits, that produce results… that may or may not be in harmony with what you would really love. If you want to know what your paradigms are producing in your life, all you have to do is look at your current results — because your results are a perfect mirror for the paradigms that you think from and live by.
If you have a dream for your life but that dream is not happening for you, the great news is that you can change your paradigms to better service and manifest your dreams. This is called a paradigm shift, and all it requires is shifting your perspective. By becoming aware of your paradigms, and ensuring you have expansive and empowering ones in place, you’ll be truly astounded by how quickly you’re able to shift your thoughts and create extraordinary results in your life that you’re absolutely in love with! 😉