President Trump’s assistance package is stuck in congress with the political barbarians. The news today provokes price fluctuation of gold. In the New York Com ex Gold closed at $1552.20 and the World spot price is up $66.00 at 5pm Pacific time.
This amount of stimulus has never before been seen in the United States of America. The fed is talking unlimited amount of QE, stocks, ETF’s, treasuries and everything in between. The stimulus will eventually make the USD collapse to the value of toilet paper.
As the world wakes up to this trillion dollar stimulus we will start seeing collapsing
currencies, and a multi year gold rally that will last through the recession/ depression for
2-3 years. This rally starts right now at $1550 in a mild Coronavirus scenario with only 3% of deaths. The price of gold will reach $2,000 by the end of the year in this scenario this is rather conservative. Once these things start they have a tendency to last much longer than all economic predictions. It happened during The Great Depression in 1933, it happened again in 2008 and is happening again NOW.
There is not any easy way out of this recession/ depression of the global economy. Each country and continents will fight for a share of the broken supply chain with very few being able to be where they were just a month ago. This is like the whole world is going into war. The invisible enemy is killing us and destroying our economy, our society, our lifestyles, and forces us into quarantine; typical of dictatorship and communist totalitarian regime.
In the land of the free and the home of the brave we become slaves of a Chinese flu virus that is killing our children, our elderly, disrupting the economy as a whole. And how do we fight this? By printing money for all? This printing money is not going to save any lives, but more likely create more risk and more death. We should dissolve the Fed and allow us the people to get a hold of the gold at Fort Knox in Texas!!!
Do we save the people and ruin the economy, or save the economy and risk the people? It seems the Government is focusing on the economy. This outcome will definitely affect the election and could be devastating for president Trump. If the death count is higher in the USA than other countries it will show negligence. Isolating half of the country rather than the entire US is dangerous and may prove an exercise in futility.
As the virus constantly mutates and becomes more deadly it takes 1 year to make a vaccine, science is too slow. Some people believe that the Chinese military planted the virus, while the Chinese are blaming the US military and now we are in a propaganda war.
