Everything going on the country is a reason for more Washington money-printing and more Washington spending (at least according to Washington!)
And that means higher gold and silver prices.
Here are a few examples.
Washington, Where $1 Trillion Is Never Enough
“Speaker Nancy Pelosi on Thursday rejected the Trump administration’s calls to limit the next coronavirus relief package to $1 trillion, arguing that Congress will need to approve at least double that amount amid a surge in cases.
“‘A trillion dollars is OK, that’s an interesting starting point. But that doesn’t come anywhere near,’ Pelosi said at her news conference….
“But a $1 trillion-or-less package is a nonstarter for House Democrats who passed their own $3 trillion package in mid-May. The GOP-led Senate had ignored that package for weeks.
“‘Oh, it can only be a trillion dollars,’ Pelosi said Thursday, scoffing at the GOP’s proposed price tag and laying out her own demands. ‘No, we need a trillion dollars for state and local. We need another trillion dollars for unemployment insurance, and direct payments.’”
Do You Even Want to See What Else is Headed Our Way?
Mohamed El-Erian is chief economic adviser at Allianz, the corporate parent of PIMCO. He says the financial stress from COVID-19 “is far from over.”
Stock investors must not be paying attention, but El-Erian says “there are already plenty of warning signs”:
- a record-breaking pace for corporate bankruptcies;
- job losses moving from small and medium-sized firms to larger ones;
- lengthening delays in commercial real estate payments;
- more households falling behind on rents and continuing to defer credit card payments;
- and a handful of developing countries delaying debt payments.
Will the Federal Reserve Cause the Next Riots?
In his latest commentary former presidential candidate and congressman Ron Paul reviews some of the activities of the Federal Reserve that are familiar to those that read these Republic Monetary Exchange commentaries.
Here’s how Dr. Paul thinks the building crisis is likely to play out:
“A coming crisis will likely be triggered by a collapse in the dollar’s value and a rejection of the dollar’s world reserve currency status. The economic collapse will be worse than the Great Depression. This will result in widespread violence along with government crackdowns on liberties, accelerating the US slide into authoritarianism. The only way to avoid this is for Congress to make drastic cuts in spending — starting with defunding the military-industrial complex — and to audit then end the Fed.”
What are your investment objectives? Near term profit? Long term wealth protection? Let Republic Monetary Exchange show how to use gold and silver to achieve your aims as the government thrashes about from failed fiscal policy to reckless monetary policy. Call or stop by.
We’re here to help.