A President Harris administration would preserve and strengthen the status quo. To start with, we’d see a continued bonanza of bad regulation, spending and taxes. Add in poor capital allocation and misaligned incentives, and we have a recipe for stagflation and reckless monetary policy.
But an often-ignored catalyst for gold is U.S. foreign policy.
Under President Biden and VP Harris, world stability has deteriorated. Nations are lining up in two distinct blocs, not dissimilar to the buildup before World War II. Military tension hasn’t been this high in many decades.
Biden and Harris have also greatly accelerated the weaponization of the dollar. Sanctions and financial warfare have become the de facto levers applied to protect U.S. national interests (real and perceived).
The ongoing shift away from dollar assets is directly tied to the Biden administration’s seizure of Russian assets following Putin’s invasion of Ukraine in 2022. […]
— Read More: www.zerohedge.com
