US DOLLAR: just getting bludgeoned by both the Fed and Fiscal @stevenmnuchin1
Destroying the purchasing power of The People = Inflating their cost of living (even if they have a job) pic.twitter.com/23odRMsdzd
— Keith McCullough (@KeithMcCullough) July 23, 2020
One of these days, the MMT believers will have to confront the real cost of the Debt – their inability to retire and need to save a LOT more than any of their ancestors in history did and what that means for future GDP and consumption
Interest rates used to 'afford' the debt👇🤔 pic.twitter.com/H5GuRM7WKu
— M/I_Investments (@MI_Investments) July 22, 2020
COPPER: inflates another +0.5% as the US government devalues the US Dollar pic.twitter.com/lblvtrR0yq
— Keith McCullough (@KeithMcCullough) July 23, 2020
Tumbling Dollar Unleashes Precious-Metals Rally t.co/GOAx3f06e0
— Win Smart, CFA (@WinfieldSmart) July 23, 2020
Deutsche Bank’s Top Analyst: “I Am A Gold Bug; Fiat Money Is A Passing Fad In History of Money”
“Gold is definitely a fiat money hedge.”
The Fed Is Setting the Stage for a Major Policy Change That Will Skyrocket Inflation
Brainard pointed out that “research suggests that refraining from liftoff until inflation reaches 2% could lead to some modest temporary overshooting, which would help offset the previous underperformance.”