INTRO:

• One of America’s wealthiest and most prominent bankers says governments may need to seize private property in order to build wind and solar farms.
• Gold prices rush to record levels.
• More nations are poised to dump the U.S. dollar as their reserve currency as the BRICS nations talk about creating an all-new digital currency backed by gold.
• U.S. bank deposits tumble for the 10th consecutive week.
• And Anheuser Busch is going woke by embracing the global obsession with transgenderism. But will it go broke? 

All these stories and more when the Worldview Financial Report starts, right now!

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JP Morgan CEO Jamie Dimon suggests, in his annual letter to shareholders, that governments may need to seize private property under eminent domain to build wind and solar farms.

The letter reads:

“The window for action to avert the costliest impacts of global climate change is closing. At the same time, the ongoing war in Ukraine is roiling trade relations across Europe and Asia and redefining the way countries and companies plan for energy security. The need to provide energy affordably and reliably for today, as well as make the necessary investments to decarbonize for tomorrow, underscores the inextricable links between economic growth, energy security and climate change. We need to do more, and we need to do so immediately.”

As such Dimon, the billionaire banker, outs himself as a disciple of Klaus Schwab, Bill Gates, Larry Fink and the rest of the World Economic Forum crowd that is coming after middle class wealth in an effort to establish a digital Great Reset under which the average Joe will “own nothing, have no privacy, and learn to like it.”

His letter continues as follows:

“To expedite progress, governments, businesses and non-governmental organizations need to align across a series of practical policy changes that comprehensively address fundamental issues that are holding us back. Massive global investment in clean energy technologies must be done and must continue to grow year-over-year.”

At the same time, he says, reforms are “desperately needed to allow investment to be done in any kind of timely way,” he writes, adding: “We may even need to evoke eminent domain – we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives. Policies like the Bipartisan Infrastructure Law, the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act, and the Inflation Reduction Act (IRA) — that hold the potential to unlock over $1 trillion in clean technology development — need to be implemented effectively.”

He goes on to call for more research and development in “green innovation, help create resilient supply chains, lift up local economies and build the U.S. clean energy workforce by up to 9 million jobs over the next decade.”

He concludes that “bolstering growth must go hand in hand with both securing an energy future and meeting science-based climate targets for future generations.”

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As the gold market marches toward new records, it is proving the naysayers wrong and vindicating longtime bulls.

Mike Gleason writes at MoneyMetals.com that gold posted a record high close on a quarterly basis at the end of March. Now the monetary metal has its sights set on setting a new all-time high here in the coming days.

That'll have to wait until next week though as global markets are closed here on this Good Friday. Gold will finish this week at $2,020 an ounce after advancing 2.1%. Silver, meanwhile, gained 3.7% to bring spot prices to $25.30 an ounce. Platinum is up 1.3% to trade at $1,027. And finally, palladium will end the week unchanged compared to last Friday's close to come in at $1,523 an ounce.

Precious metals markets are gaining momentum as $2,000 gold commands attention in the mainstream financial media and stimulates interest among the buying public.

Brisk bullion demand is starting to overwhelm dealer inventories and cause order fulfillment delays, Gleason reports. American Eagles and junk silver in particular now come at a high premium and bullion buyers are encouraged to look to other alternatives.

At some point, it's possible that a run on bullion products could cause shortages and premium spikes across the board, Gleason writes.

Initially, they said investors shouldn't buy gold because there was no inflation.

Then when inflation started ticking up, they said investors shouldn't buy gold because inflation would be “transitory.” 

Then when inflation proved to be persistent, they said gold isn't a good inflation hedge. 

Then when the Federal Reserve started to hike interest rates aggressively, they said higher rates would crush the gold market.

With gold now rallying to over $2,000 an ounce, the naysayers are telling investors not to buy gold now because, of course, it's too expensive!

Gleason concludes that:

“It's true that gold no longer looks cheap in nominal terms. But when measured against alternatives in financial markets such as the Dow Jones Industrial Average, gold is nowhere near expensive on a relative basis.”

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Another set of nations are preparing to dump the U.S. dollar as the world reserve currency, and to exclusively trade with their localized currencies and payment systems.

While the BRICS nations and alliance has been getting the most attention as of late for wanting to ditch the dollar, another financial alliance group has sprung up with similar aspirations.

The Association of Southeast Asian Nations (ASEAN) made its intentions clear last week that they intend on doing trade with more localized currencies, and even going as far as to exclude payment giants Mastercard and VISA from the equation.

ASEAN comprises 10 different Asian nations, which include: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam; with Australia and New Zealand also working closely with this association via new a free trade agreement pact established in November, 2022. Subtract Australia and New Zealand, and ASEAN affects over 600 million people and is one of the world’s largest economies.

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The Winepress News reports that as more nations look to dump the ever-devaluing U.S. dollar as the world reserve currency, the BRICS alliance are now considering creating their own currency to trade amongst themselves and present that as a replacement to the petrodollar.

BRICS – an acronym for the original members of “developing nations,” Brazil, Russia, India, China, South Africa – are now growing their numbers with talks of Argentina, Iran, Saudi Arabia, Egypt, and Turkey joining. More recently Kazakhstan, Nicaragua, Nigeria, Senegal, Thailand, United Arab Emirates, Algeria, Bahrain, and there have been murmurings of others. Mexico, for example, formally applied for membership last month.

More recently Japan, a member of G7 and a strong ally of the United States, caved-in and purchased Russian crude oil above the agreed upon cap price as a ‘punishment’ to Russia; thus indicating a potential foreshadowing that Japan may eventually switch sides in the not-so distant future.

The rise of BRICS has gone almost completely unreported in the Western corporate media – to the point where the BRICS have overtaken the G7 in global GDP output, according to the Silk Road Briefing.

Watch this video on Mexico’s application to join an expanded BRICS system:

WATCH VIDEO (clip from 0:11 mark to 3:41 mark)

https://www.youtube.com/watch?v=U-AXFW6voIQ&t=15s

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Now the BRICS nations are seeking to create their own unique currency.

The Cradle reported that the Deputy Chairman of Russia’s State Duma, Alexander Babakov, said on March 30th that the BRICS bloc is working to develop a “new currency” that will be presented at the organization’s upcoming summit in Durban.

Babakov, while on the sidelines of the Russian-Indian Strategic Partnership for Development and Growth Business Forum, stated:

“The transition to settlements in national currencies is the first step. The next one is to provide the circulation of digital or any other form of a fundamentally new currency in the nearest future. I think that at the BRICS [leaders’ summit], the readiness to realize this project will be announced; such works are underway.”

Babakov also stated that a single currency could likely emerge within BRICS, and this would be pegged not just to the value of gold but also to “other groups of products, rare-earth elements, or soil.”

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Zero Hedge reports that U.S. commercial bank deposits tumbled for the 10th straight week for the week-ending March 30, down $55 billion to their aggregate lowest since April 2021.

On the bright side, the pace of outflows has slowed to $55.7 billion (from around $180 billion the previous two weeks), but the outflows look set to continue as Money Market fund inflows kept rising this week (a week ahead of the deposit data).

Both large and small banks saw outflows once again, with large banks seeing $48 billion in outflows (to the lowest since March 2021) and small banks seeing a modest $7.2 billion in outflows (to the lowest since June 2021).

On a seasonally-adjusted basis, small banks saw around $275 billion in outflows in March (which included the week running up to SVB's collapse) while large banks have seen $195 billion in outflows during that same period.

The latest week’s stats showed outflows from large, small, and foreign banks.

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Cracker Barrel has permanently closed its remaining restaurants in the leftist enclave of Portland, Oregon.

A spokesperson for Cracker Barrel confirmed to NBC 15 the closure of the chain’s Beaverton and Tualatin restaurants on Monday, citing the “pandemic.”

The popular restaurant chain joins Walmart in closing its Portland-area locations.

Earlier this month, Walmart announced its last two stores within Portland’s city limits would close by the end of the month.

Cracker Barrel is also closing its location in the city of Bend, about a 3.5-hour drive from Portland.

“We are saddened that we have been unable to overcome the impact the pandemic had on our business and have made the difficult decision to close the Beaverton, Tualatin and Bend locations,” a Cracker Barrel spokesperson said.

Last summer, Cracker Barrel permanently closed its restaurant on Hayden Island citing similar reasons, unable to retain employees since the pandemic.

The Cracker Barrel spokesperson told NBC 15:

“The decision to close a store is never one we take lightly, and our focus right now is on assisting our impacted employees during this transition. We extend our sincere thanks to our employees who worked so hard and to our guests.”

Cracker Barrel’s lone standing restaurant in Oregon remains in Medford, about a 4.5-hour drive from Portland.

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Beer maker Anheuser Busch went woke recently when its Bud Light brand partnered with transgendered TikTok personality Dylan Mulvaney.

They sent out packs of Bud Light featuring Mulvaney’s face to celebrate Mulvaney’s “365 Days of Girlhood.”

They also had a promotional video of Mulvaney drinking beer in a bathtub as part of the campaign.

Now it’s reaping the consequences of a rapidly growing boycott.

One liquor store even refused orders of Bud Light in response.

They allegedly aren’t the only store to do this.

SHOW TWEET

https://twitter.com/Floridagirl0850/status/1643625761486647296?s=20

Daily Mail reported:

A PR expert has now told DailyMail.com that the decision by Bud Light and their parent company Anheuser-Busch to link up with Dylan Mulvaney was a mistake.

“I really cannot understand their approach for this because their core audience just cannot relate. Cutting your core audience in the hope you can draw a completely new audience in, who haven’t been exposed before, doesn’t make sense. Most U.S. families are exposed to their father drinking the beer, or other family members, but it has never been seen as the cool beer.”

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Country music singer Travis Tritt won't drink any beverages made by Anheuser-Busch on his current national tour.

Tritt made the announcement on Twitter after one of the American brewing company's brands sent a gift to a transgender influencer.

Bud Light sent TikToker Dylan Mulvaney a commemorative can of beer with his face on it to mark the one-year anniversary of his gender transition.

A swift backlash following Mulvaney's unveiling of the unique can came from social media users, conservative commentators and even musician Kid Rock, who shot up several cases of Bud Light in a video he posted to Twitter and Instagram.

Tritt revealed he would no longer request any Anheuser-Busch products on his tour rider, which is a document with a list of requirements provided by artists when performing, including food, drinks, room setup and any other needs they may have for them and their entourage.

SHOW TWEET

https://twitter.com/Travistritt/status/1643765186736553984?s=20

He tweeted, "I will be deleting all Anheuser-Busch products from my tour hospitality rider. I know many other artists who are doing the same.” 

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And it’s not just Bud Light.

Apparently, being a mentally ill tranny in today’s world comes with a handsome payday.

Just days after a beer giant honored him with his own promotional can, the sports and athletic wear giant Nike announced it has sponsored Dylan Mulvaney to promote women’s leggings and bras.

Mulvaney announced in an Instagram post the “paid partnership” on Instagram, posing with the new series of athletic wear.

Mulvaney also posted a short video on Twitter prancing around in the new leggings and bra.

Try not to vomit.

WATCH VIDEO

https://twitter.com/OliLondonTV/status/1643692648337686528?s=20

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The Daily Wire reports that Meta CEO Mark Zuckerberg and other senior executives at the social media firm are spending “most” of their time on various initiatives related to artificial intelligence, according to the company’s chief technology officer.

Meta CTO Andrew Bosworth remarked in a Wednesday interview with Nikkei Asia that the company would soon respond to the release of ChatGPT, a mass-market AI system that can draft emails or write code in a matter of seconds, with innovations of their own. Google and Meta are the vanguards of AI research with respect to the number of studies published.

“We’ve been investing in artificial intelligence for over a decade, and have one of the leading research institutes in the world,” Bosworth told the outlet. He added that Meta employs “hundreds” of AI researchers and is confident they are “at the very forefront” of AI innovation.

Meta expects to commercialize elements of its generative AI capabilities by the end of this year. Companies that advertise on Instagram and Facebook, both owned by Meta, could soon ask an AI system to develop images for their campaigns and thereby save “a lot of time and money.”

The technology will also be used to develop portions of the Metaverse, a virtual reality that Meta is currently building, which inspired the company to change its name from Facebook. “Previously, if I wanted to create a 3D world, I needed to learn a lot of computer graphics and programming,” Bosworth said. “In the future, you might be able to just describe the world you want to create and have the large language model generate that world for you. And so it makes things like content creation much more accessible to more people.”

The development of AI capabilities at Meta comes at a tumultuous moment for the social media firm. Zuckerberg dismissed 27,000 employees in recent months as the company seeks to cut costs and improve profitability. Even amid the economic uncertainty which partially inspired the layoffs, investors have encouraged Zuckerberg to continue funding AI innovation.

Technology companies otherwise battered by economic volatility have similarly rushed to incorporate AI solutions into their products. Microsoft, which has invested billions of dollars into ChatGPT creator OpenAI, announced last month that the system would be integrated into search engine Bing and internet browser Edge, allowing users to locate information or understand websites more easily. Google revealed one day earlier that Bard, an experimental conversational AI service, would soon be added to the company’s search engine, which has dominated the sector for two decades.

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In a deal that would be transformational for the U.S. energy sector, the Wall Street Journal reports that the largest U.S. energy company, Exxon, has held preliminary talks with shale giant Pioneer Natural Resources about a possible acquisition of the U.S. fracking giant, Zero Hedge reports.

Citing people familiar with the talks, the WSJ notes that while discussions between the two companies have been informal, now that Exxon is flush with cash thanks to record profits in 2022, it has been exploring options that could reshape a swath of the U.S. oil and gas industry while pushing Exxon deeper into West Texas shale.

Sources told the WSJ that any deal, if it happens, likely wouldn’t come together until after Biden is out of the White House.

This makes sense since Biden's DOJ would, according to Zero Hedge, “do everything in its power to prevent such a combination, and just like bitcoin bulls, energy shareholders are also eagerly awaiting the collapse of the authoritarian, senile occupier of the White House who picks corporate winners and losers at the behest of his handlers - and talks may not morph into formal negotiations at all or Exxon may pursue another company.”

Still, with Exxon on the hunt for what the WSJ described as a “seismic deal” to put its windfall profits to use, it sees Dallas-based Pioneer as a top target.

That does it for this edition of the Worldview Financial Report. Thanks for tuning in, and for your support of this viewer-supported broadcast…

Until next time, may God save America. I’m Brannon Howse. Take care.

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