Posted on 08/12/2021 4:57:14 AM PDT by Browns Ultra Fan
As the “Biden Budget” was moving through the Senate and the Covid Delta Variant seems to be picking up steam, we are seeing “flight to safety” assets other than Treasuries rising.
Gold and Silver experienced some serious corrections last week, perhaps because things were looking up. Then we saw 1) Anthony Fauci scaring everyone about Covid … again and 2) the US Senate passing two uber-expensive spending bills: infrastructure and the Biden Budget. The scary thing about the Senate’s Biden Budget is that there are no limitations on taxes that can be assessed. So, there is enormous uncertaintly about how this will play out. In other words, ALARM!
Bitcoin and Ethereum have been climbing since Gold and Silver corrected last week. But both are up this week, particularly Gold.
The US Dollar is down slightly since the same time last year and M2 Money Stock growth has slowed.
Here is a chart showing another fear factor: the rise of the Covid Delta Variant. Deaths are only 1.7% of confirmed cases (if we believe the actual cause of death).
It would be nice if the Senate had given us a clue about how they plan to pay for the $3.5 TRILLION Biden Budget before they took off for a long break. Perhaps Nancy Pelosi and The House will resolve uncertainty and tell us how much additional taxes we will have to pay. And what will happen to the budget deficit.
U.S. budget deficit hits $2.5 trillion for first ten months of year. And with the Biden Budget … to infinity … and beyond!
On the bright side, unless these useless fiscal conservatives are scattered to the wind along with their failed political ideology we will never restore America.
Two taxes are certain - that inflation will approach something like 10% annual rate or more, and that the borrowing against the national debt limit will approach $35 TRILLION, almost the entire amount of money in circulation in the entire WORLD.
China may call their mortgage on the US, and claim California, Hawaii, and Oregon in restitution.
Without firing a shot.
Any US debt to China is 'Paid In Full' by American CoVid deaths.
Keep America Beautiful - Kill a Commie for Christ!
Well, if anyone here needed a reason for why they’re fabricating a crisis out of nothing (Delta)...
...this is it.
For all the right reasons.
Would it be so bad if China took California, Oregon and Hawaii?
I think i need a few more silver bullion coins, lol
Just when I was considering buying some more, now it’s gonna maybe skyrocket.
The Democratic assistants parading as Republicans are exposed as well.
Covid has exposed all the little dictator wanna be governors, mayors and school boards as well. We will take our country back. Even if we have to get ugly.
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