House Republicans just passed Trump's Big Ugly Budget. It raises the Debt Ceiling by a record amount, and will produce higher spending and larger budget deficits than Biden. The worst part is that we just liberated ourselves from our foreign lenders. Get ready for QE infinity. https://x.com/PeterSchiff/status/1910461804142354835
BREAKING: Asian markets are waking up, and it looks like a full-blown gold rush. That vertical candle? It’s not a glitch. It’s what happens when investors start dumping dollar-denominated assets and run for safety. Gold just spiked $37 in minutes, now trading above $3,213/oz. That’s a 1.16% move after hours—a massive jump that screams panic hedging. This isn’t normal market churn. This is a flashing neon sign that confidence in the dollar is cracking. https://x.com/allenanalysis/status/1910529534459285520 https://x.com/zerohedge/status/1910502235999449479
Trump's misguided trade war with China is strengthening ties between the PRC and the EU. It's likely that China is selling dollars and Treasuries and buying euros and bunds. This will allow the ECB to keep interest rates and inflation low and China to sell more goods to the EU. https://x.com/PeterSchiff/status/1910304033329275312