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I noticed that Gold shot up tonight over $14 an ounce when Europe opened and I wondered why. I'm wondering if our elections have something to do with this because there isn't anything else happening in the news tonight.
If Hillary wins, with Bill's help, the dollar could become strong again. If Obama wins, I don't know what will happen -- ditto with Huckabee and a lot of the other candidates. I know Ron Paul would go back to the gold standard (which would kill the dollar) but he isn't really a viable candidate at this point. (His monetary stance is fine, it's the rest of his ideas that I have issues with.)
I'm not sure why this should be a surprise to anyone. All of this "change" that every one of the Democratic Party candidates talk about isn't going to pay for itself so taxes will have to go up substantially.
And I don't get how the election of Hillary and the return of Bill will make the dollar stronger. Does Bill have a magic bag containing "dollar stronger dust" that he will be sprinkling around on Inauguration Day? Or is it just going to rebound from his mere presence?
Unless Hillary is going to raise interest rates to dry up the excess money in the economy and make America more palatable to foreign investment, fix the trade imbalance, and spend less money not more, then the dollar is going to stay right where it is.
All I ever hear Madam HRC spouting is the usual tripe about making sure the rich "pay their fair share", universal healthcare, and the government being the solution to all of our ills. So until she stops pandering to her base and starts talking sound fiscal policy, then to my mind pushing her presidency as a cure to the dollar's woes is just wishful thinking. Or better yet, little more then nostalgia for a time in the world that is irrelevant to the world we live in now.
I'm not sure why this should be a surprise to anyone. All of this "change" that every one of the Democratic Party candidates talk about isn't going to pay for itself so taxes will have to go up substantially.
Whatever you do, don't ask them to explain where the money will come from. We can print more.
Not a fan of increased taxes, but the article is very flawed. He mentions a working couple with a combined total income of $200K, so I'll assume $100K each. If this is the case, they are already paying the Social Security tax on their entire income.
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