OTCQX:ELYGF - Post by User
Comment by
flashcashon Jun 26, 2020 7:00am
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Post# 31193899
RE:RE:RE:RE:POG mirrors M2....
RE:RE:RE:RE:POG mirrors M2....jimbojim wrote: Aloha 2buy ! Your "brainwashing is quite strong with you " comment is an instance of personal invective which does not belong on this board. My comment focuses on the interestingly high correlation between increases in the US money supply and the POG. I agree with Peter Schiff's most recent #586 podcast wherein he emphasized that while Trump is a big spender of printed/borrowed money (especially due to the covid19-induced depression) if Biden becomes president he will expand M2 creation much more given his socialist agenda and advocacy of Modern Monetary Theory. The latter holds that budget deficits do not matter and thus there is no reason to refrain from pushing the pedal to the floor. We would see massive spending for Basic Minimum Income as well as Reparations for AfroAmericans as advocated by the Black Lives Matter movement. These massive expenditures would lead to a crisis in the US$, a massive increase in the POG and a blue sky future for ELY. If Trump wins his agenda is also going to destroy the US$. It will only take longer.
But why always Trump...all governments are doing it and previous ones !
But you just hate President Trump, thats kind of weird.
Lock and load, lefty hunting season is almost open.
COMMIE Buzzards !
GLA