by Greg Hunter, USA Watchdog:

Economic analyst and financial writer David Morgan went against the majority of financial gurus and predicted at the end of 2022 that there was no way the Fed was going to cut interest rates.  He was 100% correct!  Now, Morgan is, once again, going against the majority and is doubling down on that prediction.  One big reason the Fed is not about to lower interest rates is the news this week that United Arab Emirates (UAE) is longer using the US dollar in oil trade.    Morgan explains, “The US of A has lost its day in the sun.  The US dollar is not only further in its demise, on a longer term basis, but it is being less and less trusted over the globe.  When things do reset . . . the clout the US dollar enjoyed is no longer there.  I am afraid that is the trend established by UAE saying we do not want to settle in US dollars for oil. . . . This is huge.”