Loading ...TPTB have been implying they will raise USA interest rates when the economy is strong enough to tolerate higher rates. But a higher dollar will squash the US economy like stepping on an ant.
Regarding a higher dollar, lower Euro and Yen, could be because the foreign countries are pushing THEIR currencies lower via negative rates, which give inverse strength to the dollar, and to hell with the US economy.
The only way this trend makes sense? Is if the global powers are taking it for granted that Trump will be new president, he will stimulate the HELL out of the US economy, at the EXPENSE of rest of the world’s.
If that’s the case, then it’s understandable for the foreign nations to gang bang the US economy as much as possible via weaker currencies BEFORE TRUMP gets in. One last global welfare check, before they have to support and cannibalize themselves for the next 50 years like what happened to the USA after 1975.
As for Gold after Trump gets in? I’ll bet on a lower dollar. Especially if he declares US bankruptcy and or “makes a deal” with bond investors. They deserve some pain. They have been the only ones unscathed after 1980.
Remember the bail ins? They took money out of bank accounts? They say a huge part on the US population does not even have $1,000 in the bank. The tax payers can’t afford any more bailouts either. So this time watch the Bond holders get tapped.