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- Trump campaigned and said the stock market was a bubble. It wasn’t his bubble. Now it’s his bubble. That’s the problem. http://bit.ly/2Dt7pjR
- We could see a significant increase in the price of silver based on supply and demand fundamentals. http://bit.ly/2z34sZf
- Thomson Reuters Raises Gold Price Forecast as Westerners Buy Gold https://t.co/t86J112IAH @SchiffGold
- Spot gold values gained more than 13 percent last year, their best annual performance since 2010. http://bit.ly/2DSInKV
- Chicago PMI plunged to 42.9 in Dec. its lowest since 2009. Order backlogs declined for the 11th consecutive week, the 1st time since 1951!
- #Draghi justifies reckless monetary policy by claiming other central banks are doing the same thing. Did this excuse work on his parents?
- Ep. 325: Will Black Monday Come Early This Time?: http://bit.ly/2GJPoQe via @YouTube
- The latest employment numbers show that the economy isn't as nearly as hearty as people think. http://bit.ly/2hf4PYS
- When it comes to rate hikes, the Fed has no stick: Peter Schiff https://t.co/03BDQJ5SoU
- We’ve had two major 50% declines in the stock market this century – since 2000. Yet nobody seems concerned. http://bit.ly/2APJ2fq
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.