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Thursday, 01/18/2018 2:37:12 PM

Thursday, January 18, 2018 2:37:12 PM

Post# of 37916
The pressure is building -

My comment: The debt will become the overriding issue -
1) China and Japan are hinting that they will reduce purchases of US debt

2) The stalemate in Washington may very well cause a government shutdown due to not agreeing on spending and balancing the budget. Republicans will not be able to cut spending to compensate for the tax cuts and "pay go" will be in effect.

3) Steve Forbes weighs in : https://www.financialsense.com/steve-forbes-money-destruction-dollar-and-more
The dollar has broken to new multi-year lows as central banks are shifting increasing amounts of their reserves into Chinese yuan. As a consequence, talk of a dollar collapse and the potential loss of the dollar’s reserve status are once again making headlines. In light of these events, we are running an interview between Jim and Steve Forbes where they discuss his 2014 book on the destruction of money and why breaking off the gold standard is a direct cause of the massive wealth inequality we see today and also a threat to the global economy as a whole.

4) Trader Fears Dollar's Drop "Represents A Crisis Of Confidence About The Country" : https://www.zerohedge.com/news/2018-01-18/one-trader-warns-dollars-dead-cat-bounces-have-failed-inspire

5) A drop in the US$ means higher oil prices

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