Trump And BRICS Fisticuffs In McMahon-Choreographed Fight, Gold And Silver Bottom Is In
It's a decent time to add to your stacks if that's your goal. Here's why.
Quick Comment on the Trump/BRICS Fracas
Trump put out a post on Truth Social about how BRICS cannot abandon the dollar and if they do, Trump's gonna get really mad. Everyone is talking about it passionately and such. People on the BRICS side are saying this is a bluff because the dollar is weak and Trump can't threaten them given how weak and dependent the US economy is. People on the US is Awesome side say that Trump will follow through and the BRICS have no chance at supplanting the dollar with Trump in the White House.
I say (as you probably have guessed) that both sides are bluffing and neither side means anything. The only way to get around the dollar is to settle in gold, given that every other currency is a dollar derivative. Since neither BRICS nore the US wants to do that, this argument is a circus side show and means nothing.
What matters with the incoming Trump administration is not the monetary sphere, and I would argue not even the fiscal sphere, because any cut in debt will crater the money supply, which I go into below. They have no control over these spehres at all. They will both continue under their own momentum as before.
What does matter, maybe, is the political sphere, the potential dealing with the military and pharma industrial complexes mainly, so maybe there can be some justice and catharsis before everything implodes. Everything else is a distraction. The dollar will go on its merry way to oblivion with every other currency and no political move by anyone can possibly stop this, or arguably even slow it down.
Gold has Bottomed According to These Figures
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