It’s all a part of the Federal Reserve - induced business cycle. Can we really expect a stable economy if credit is so stupidly easy to obtain, and dent is so stupidly hard to collect?
It’s a disgrace that very few politicians even discuss abolishing the Fed. Nixon’s termination of the Bretton Woods system puts him in contention for the worst Presidents ever (only topped by treasonous Democrats since and including Wilson). Even Reagan seemed to grudgingly accept it once he settled in to his Presidency (if Nixon could do what he did, surely Reagan could have abolished it).
This type of stuff is put out to test the waters and gauge complacency.
Generally you do the opposite of what people like him recommend.
So this will be a buying opportunity? Gold will soar, sell gold and buy MMM, XOM, PG, JNJ & SXL at greatly reduced prices.
Yep OR they could soar 60%...
But whatever they do none of it is based on real corporate earnings anymore.
The U.S. markets are all smoke and mirrors and have been for awhile now.
Bkmk