Commentary on "It's Over", page-59

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    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

    Here we see the dollar index on a closing basis. This is where the Fed had to get into the market in March 2020 because liquidity was collapsing.
    https://x.com/SuburbanDrone/status/1910490538479923512

    Pretty amazing the damage these geniuses have done in just 1 month and change. Now dollar reserve status is in question
    https://x.com/The_Real_Fly/status/1910531681812914210

    ...So much "WINNING" for the US.

    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
 
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