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Re: ThSeeker post# 3896

Wednesday, 12/07/2016 12:27:04 PM

Wednesday, December 07, 2016 12:27:04 PM

Post# of 19176
That is a great point. I do believe with Trump the blow will be softened. Remember Trump likes a gold backed currency. So if the bond market continues to break down the scenario he talks about will be extremely good for gold. Trump doesn't become President for another 40 plus days. A lot of damage can happen to the bond market when (if) the Fed raises interest rates. As the article explained, they're places not accepting USTBills for payment in trade. They are dumping treasuries and do not want to take anymore. Every quarter of a point increase in rates ads $50 billion in interest. We paid roughly $250 billion in interest last year. In my view there is nothing we can do to stop this except freeze all spending and then find a way to cut which includes eliminating government departments, eliminating foreign aid, reducing salaries to politicians and their staffs and stop hiring new federal workers. We don't need to spend $4 trillion this year. Just start running surpluses and maybe consider a balance budget amendment. LOL. But we know this isn't going to happen soooo... You better own gold and silver. FFMGF should shine bright next year.