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- Uncle Sam isn’t the only one running up credit card debts. Everyday Americans are also piling on the debt. Total household debt soared to a record $13 trillion dollars in 2017. http://bit.ly/2nWl8Kw
- British Pouring Up to Half of Their Net-Worth Into Gold Post-Brexit https://t.co/2wS71sKdAn
- #Trump's economic fantasy is that since the U.S. economy is getting stronger and stronger, the U.S. dollar will get stronger too. The reality is that the big, fat, ugly bubble is getting bigger and bigger, and as the air comes out the dollar will get weaker and weaker!
- New Report: Silver Demand Set Record In 2015; Supply Shrinking https://t.co/J9u7VAQx9j @SchiffGold
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- Excluding oil the Dec. trade deficit hit all-time record high. The Widening trade deficit will take down U.S. GDP, the dollar, the bond market, and ultimately the U.S. stock market, just like it did in 1987.
- Uncertainty is good for gold. The precious metal was up 8% last quarter, its best showing in a year: http://bit.ly/2nKTcH2
- Financial manager James Stack has noticed it. He predicted the housing crash in 2005, and he told Bloomberg the housing market is flashing red again. http://bit.ly/2Do5VYd
- So, why does Gartman have faith the gold bulls will continue to run? Central bank policy. http://bit.ly/2xyUI58
- BTC and precious metals both offer alternatives to government monopolized fiat currency. http://bit.ly/2gHCMx5
Monday, May 9, 2016
What the hell is Trump on?
He just recently threatened to default on the debt so we can pay it back at a discount. Now he says we can't default because we print our own money. Which is it and what the hell is he thinking? This opens a shitload of stupid questions. Like why would we borrow money in the first place? Why would we pay creditors back in the first place? Not our problem if they trusted us with their money. If a weak dollar creates more jobs, shouldn't we go full Wiemar? His scheme makes less sense than minting trillion dollar coins to pay off the debt or scattering a trillion dollars in the ocean to create jobs. This is a good opportunity to win over some "leftists" as you guys like to call them. The guy is an Keynesian nightmare. If your going to have a fiat currency, it has to be built on trust and credibility. Trump essentially wants to break that trust. I know how bad inflation is due to overprinting the dollar, but annihilating trust in the dollar would bring us into the Wiemar Republic.