First Mining Gold Corp (FFMGF)

[Tommy Two Times]

First off, we need to see if they raise the debt ceiling without any delays. Secondly, a government shutdown only shuts down part of the government. For example, about 80% of all Federal employees will still go to work during a shutdown. The media makes it look like it is worse because they like to report a crisis. But this maybe because there is still $200 billion in reserves that can be used. We go through about $75 billion a month. Stockman did discuss what would happen. The President can spend money how he sees fit. I believe that tax revenues still comes into the government and the President during a shutdown can spend that money on what he wants. So if the Dems and few Repubs want to play games he can play hardball right back.

Stockman is an economist. He sees inflation taking off and thinks it is necessary to raise rates to slow it down. He was there with Reagan when he was elected and inflation was like 12%. Reagan decided to keep Carters Fed chief Volcker because of his views on inflation. His goal was to bring inflation down first or there would be no economic recovery. So there plan was to keep raising rates and cause short term pain to bring down inflation so our economy could grow again. Thats why we hit a recession during Reagans first year. Stockman is probably scared about inflation getting out of control.

Yes, eventually the bullet will be bit and the debt ceiling will be raised. We will see politics come into play. This will create a lot of uncertainty which should be good for gold. I don't know if we can really default. As long as enough tax revenues come into the Treasury and we can pay the interest on the debt. But politically it is in the Dems interest for there to be a shutdown. So they can continue the narrative of Trumps administration being dysfunctional. But this will cause uncertainty. And markets don't like uncertainty.