Gold continues to climb. It's moved up over 100 dollars since the debate. But all we can talk about is our domestic political situation - which is leading us to ruin,,,, And not one person in a million can see it...
Why?
Gold loves the move towards autocracy.
Gold loves Tarrifs and trade wars.
Gold loves mass deportations that will devastate the suppy of labor in a country with a dangerously declining birth rate.
Gold loves tax cuts for the wealthy that lead to massive deficits.
Gold loves - more than anything elrse - the idea of a dependent Fed that will drop rates back to Zero on the orders of the President/Autocrat.
America thinks a Strong Man leader witll lead the county back to Prosperity.
We can't wait.
But look at the other countries with strong man leaders:
Some people think Hitler was good for Germany. But Germany was devastated and didn't recover for 50 years.
Just look at Orban in Hungary. Hungary is mired in a perma-recession with out of control inflation - that has moderated a bit from last year's 17 percent but is still decimating the middle class - or whatever's left of it. True you don't have to worry about Ttrans-sexual athletes auditioning for school sports teams. So if you care more about that than eating you're set. Otherwise, it's a disaster.
Look at Putin in Russia. Russia suffers from peremanent Stagflation and a decimated middle class. Its offical growth rate is temporarily jacked by the wartime economy but life there is miserable - unless you are an Oligarch. The young and educated are fleeing the country in droves.
China, on the other hand, is an animal we don't understand. They are autocratic but the autocracy is committed to developing a free market economy - that is tighly regulated so that the top 5 percent can't fleece the bottom 95 percent. This idea is so foreign to Western thought it's no good even trying to analyze it. Over many years they may succeed. For right now, suffice it to say that they view America as the number one impediment to acheiving their aims. And they think that by de-dollarizing the world they will achieve financial dominance.
So far we are doing everything in our power to help them.
And the number one weapon we use to Help China is by weaponizing the dollar thus stoking inflation at home and encouraging de-dollarization abroad.
Why?
I don't know.
It's so stupid it beggars belief.
But a lot of Americans seem to view it as a sign of strength
So, go figure...
Or don't figure... just buy gold...
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