J Powell latest statement - "It is not sustainable to run large fiscal deficits at full employment."
and what are the chances for politicians to change? they will keep buying votes - this blueprint is followed by almost every country in the world. so how will POG fall in this scenario? Even if rates go higher the printing will only be bigger.
now imagine if the US economy slows down and unemployment goes up? lol gold to $3k.
Ann: Boda-Kaiser Scoping Study, page-100
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