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Re: ThSeeker post# 6124

Friday, 07/21/2017 7:27:26 AM

Friday, July 21, 2017 7:27:26 AM

Post# of 19168
David Stockman, the writer, used to be in the Reagan Administration and he knows politics and Washington. Stockman's a smart Guy, but like other Prognosticators in this area he's not always right, but much of what he says makes sense to me. In this article the way he lays out the series of events and how they play out is most interesting, especially the part about how Trump will have to get the votes he needs from the Dems. to pass the debt ceiling. Their votes won't come for free and those consequences would split the Republican party and Trump even more than it already is. Trump's going to do whatever it takes to remain in a good light and save his own neck.

I expect the Politicians to do everything within their power to attempt to keep their jobs and keep the government running by whatever means necessary, so I see them passing the debt ceiling eventually, but how ugly this all gets might be the real disruptor. This government is dysfunctional and more importantly insolvent, so that's the biggest issue.
No one can say how long they can keep sweeping that under the rug, but as you say time will tell.

Events leading into this Fall should be very interesting for sure. I think it could also have big implications for our gold holdings.