We’re at an inflection point in history right now. Things aren’t going back to how they used to be.
I don’t think the financial media understands this yet. But in hindsight, the bread crumbs were right there in plain sight. It comes down to an arcane change at the core of our financial system.
This is the first year in which the Secured Overnight Financing Rate (SOFR) went live across the board.
I bet very few people out there even know what this is. And of those who do, I doubt many understood SOFR’s significance.
SOFR is a benchmark interest rate for dollar-denominated loans and derivatives.
We don’t need to go down a deep rabbit hole on this. What’s important to understand is that the interest rates for all loans in the U.S. are now influenced by SOFR.
The London Interbank Offered Rate (LIBOR) used to hold that privilege. Before this year those who controlled LIBOR could influence interest rates in the U.S.
And that means the Fed did not previously have full control over U.S. monetary policy.
SOFR changed that.
That’s why the Fed’s been raising rates aggressively this year. Even though everybody has been screaming at them to stop.
And it’s why they will keep going. The Fed is playing the long game here. It’s all about self-preservation.
So the days of the Fed propping up the stock market are over. The Fed Put is dead.
And aggressive monetary policy will force some dramatic changes with how Treasury debt is handled. I think we may even see gold partially remonetized as a means of offsetting higher rates.
As such, we need to completely rethink financial planning 101. The old ways aren’t going to work anymore.
And that’s where Finance for Freedom comes in.
This is the only financial course designed to account for the current climate. Our program accounts for the major macroeconomic changes that are playing out right now.
Friends, we’re living history right now. The question is – do we want to be on the right side of it?
Finance for Freedom will show us how. More information right here:
Finance for Freedom Course Portal
And please note, this is the last day to take advantage of our 30% off coupon. Just enter coupon code “ER” at the checkout page to get your discount.