Posted on 11/11/2023 7:55:20 AM PST by Kaiser8408a
Imagine a united Congress that doubled or tripled the national debt every year. We could get rid of that “disunity” problem.
;-)
They aren’t even doing their job which is passing a budget. They keep putting up useless bills that go nowhere and rightfully so. Do your dang ONE job.
******************
They can’t do their jobs because they are stupid, incompetent, and bought off.
“So why isn’t gold on the rise?”
Interest rates make it expensive to hold gold.
So true.
Based on the results of this week's 30-year T-Bond auction, they're not taking much.
Finally.
It took a Rocky Horror reference for there to be somethin I understand in a Confounded Interest headline. 🤣🤣
Because gold is not a fixed commodity. More gold is continually mined and sold. When the supply increases faster than demand the price goes down. When supply increases slower than demand the price goes up.
Also, it is worth noting that two of the three biggest gold producing countries in the world are China and Russia. Together they produce over 20% of the world’s supply.
“the recent 30 year treasury auction that posted a “stunning” 5.3 bps tail and a bid to cover that some are portraying as the harbinger of the death for the USD”
But it rallied yesterday. ???
Just an excuse to raise taxes instead of cutting government spending,
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