This is what Trump is doing

Very few seem to understand what is happening. This man understands.

Trump is a) remaking the judiciary, b) dealing with China, c) reducing taxes, d) liberating the economy from regulations, and e) getting a grip on immigration.

The will and ability to address China’s behaviour is crucial to understanding what Trump is trying to do.

In other parts of James Rickards’ talk, we learn that inflation lies ahead. Student loans amount to 1.6 trillion USD. Default rates are 20%. The loans are guaranteed by the government. The amount owed is twice the size of the 2008 mortgage crisis.

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For gold bugs like him The Crash is never far away. His Wikipedia entry, to which you linked, also points out that he was “general counsel for the hedge fund Long-Term Capital Management (LTCM)”. If you follow the link to this hedge fund you find out that it was so big that when it went bust the Federal Reserve Bank had to intervene to help in the bailout. As they say, there are no atheist in foxholes and it seems there are no libertarians when your hedge fund crashes.

This guy seems especially nutty. We also learn in his Wikipeda profile that “He maintained that the United States faced serious threats to its national security, from clandestine gold purchases by China….”

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