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Re: gfp927z post# 926

Friday, 07/29/2022 1:51:30 PM

Friday, July 29, 2022 1:51:30 PM

Post# of 2588
gfp: The price of gold and silver seem to have stabilized for now. But they have a LOT of ground to recover. I don't see how the Fed gets inflation under control. If their interest rate hikes usher in a deeper recession then the Government will just pass another stimulus bill of some kind, adding even more to the deficit and forcing the Fed to monetize even more. Look at the stupid Bill that Schumer got Manchin to go along this week with to provide all kinds of "green new deal" pork. For all their huffing and puffing about reducing their Balance Sheet the actual fact of the matter is that the Fed Balance Sheet has barely moved at all. The Government hasn't even begun to think about getting their budget under control. I think the US Dollar is having it's last hooray with the economic problems in China, Japan and Europe. But half of the world is in the process of de-Dollarizing. Our "Ukraine proxy war against Russia" gambit has backfired. I think the Republicans will retake both Houses of Congress in November. But if the same RINO traitors are still in the leadership they won't do anything beneficial. They will just redirect the gravy train to their greedy fingers instead of Pelosi's. But at least they can make Dementia Joe the lamest lame duck in the history of politics. Meanwhile the Democrats are trying to figure out how to install Gavin Newsome into the Presidency once the Deep State gets rid of Dementia Joe and Kamala.

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