Don’t Panic!

Dear Outsider,

I have fond memories of my time as a Boy Scout.

Setting up campsites…

Hiking up big mountains and learning all about the flora and fauna of the East Coast…

Building a roaring fire…

Making s’mores…

Sleeping under the stars in a tent that I built…

Cooking a breakfast of pancakes, eggs, and bacon in the morning on a cast-iron skillet…

Earning badges at Boy Scout camp, climbing, swimming, shooting a bow…

There are also some not-so-fond memories.

Once, as I sat in the back of an old Ford Bronco with exposed interior lights on a four-hour road trip, I thought, I’ll just go ahead and touch this white-hot lightbulb. That’s a good idea.

I didn’t panic, but I spent the entire camping trip nursing that burn.

We did a lot of carpooling. Back then, many of the parents still smoked, so I’d sit in a crusty minivan breathing in the toxic fumes for the whole drive.

I wouldn't panic, though. I'd just crack the window to get some fresh air.

As a Scout, the first right of passage was to obtain your Totin' Chip card.

This was done by passing a simple test of chopping wood, sawing, and whittling just to make sure you weren’t a complete fool when handling a blade.

I still remember one of the Scouts saying, “Don’t forget your Totin’ Chip,” because if you were caught with a knife and you didn’t have your card, all hell would break loose.

You’d get reprimanded and have to take the test again.

And getting an adult to supervise your test wasn’t easy.

I remember struggling so badly with the task that I ended up being the last person in the troop to get their card.

Finally, I worked up the courage to ask one of the mothers. She supervised me, and bam — I had my card.

Now I could carry a knife (which I was obviously already doing anyway).

As for rising through the ranks, for some reason, I never aspired to be an Eagle Scout.

It just never interested me.

Every Scout has to make a decision once they get so far: keep going or quit.

So I quit.

Maybe it was out of laziness or maybe I had a problem with authority, but I just didn’t feel like doing it anymore.

Sometimes I wish I had stuck it out.

Eagle Scouts get a lot of perks when entering the jobs market.

The most important lesson from the Scouts?

Don’t Panic

Panicking is the worst thing you can do in almost any situation.

It’ll only make things worse.

Burn your hand? Tape it up and forget about it. Otherwise it’s going to bother you the entire trip.

Riding in a car filled with smoke? Crack the window and suck it up.

Have to take your shirt off in front of the whole troop to get your swimming badge but you’re self-conscious about your weight? Too bad, you gotta do it anyway.

And that attitude has carried though my whole life.

Do. Not. Panic.

Investors love to panic-sell when the market’s taking a hit.

But panic-selling is a surefire way to lose your shirt.

Everyone’s freaking out this week because the economy added more jobs than expected.

Welp, time to sell everything.

Sell it!

Sell it all, they say.

Why?

Because they’re panicking.

I’m guilty of it myself sometimes, but I’ve got a strategy and I’m sticking to it.

If you just think logically for one second, you’ll see it’s not all that bad.

First, these so-called jobs that are being reported are mainly service industry jobs... and many are only part time.

That’s not the sign of a strong economy.

It’s a sign that the rich and people who aren’t good with their money are continuing to go out to eat at Joe’s BBQ or wherever.

True, inflation is still very high.

I bought only enough food to fit in the bottom of a bag this week and still spent $100.

But the silver lining is that the latest data actually show exactly what the Fed wanted to see.

Unemployment rose last month...

And wage growth slowed...

According to Reuters, Omair Sharif of Inflation Insights said, “This report screams soft landing and looks to be a pretty good one for the Fed.”

In fact, fed funds futures are anticipating a quarter-point hike, not the half-point hike that everyone’s panicking over.

Looking ahead to next week, all eyes are on the consumer price index (CPI).

This could affect the Fed’s decision to raise rates higher than expected, but we’re going to have to wait and see.

Unfortunately, a Fed pivot — aka a pause or reversal of rates — is unlikely in the near future.

But if we can just hold on until then, it’ll be worth it.

Now, there’s something else that could happen next week that folks aren’t talking about in the mainstream media...

My publisher, Brian Hicks, is sounding the alarm that the U.S. government is planning to launch its own cryptocurrency, a digital dollar, so it can track your every move and monitor your every purchase.

In fact, the U.K. government just announced it’s about to launch "Britcoin"...

A dangerous new form of currency that will REPLACE the pound and give the U.K. government TOTAL control over its citizens' lives.

Thanks to an executive order signed by President Biden, the U.S. dollar could be replaced by "FedCoins" as soon as March 16.

Global elites are calling this event “The Great Reset.”

And it’s been in the planning stages for years, if not decades.

Don’t panic, but he says you need to take this as seriously as if your life depended on it.

Stay frosty,

Alexander Boulden
Editor, Outsider Club

After Alexander’s passion for economics and investing drew him to one of the largest financial publishers in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers, and International Monetary Fund analysts, he decided to take up the pen and guide others through this new age of investing. Check out his editor's page here.

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