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News Link • Politics: Democratic Campaigns

"It's Socialism!": Peter Schiff Destroys Kamala Harris' Economic Policy Agenda

• https://www.zerohedge.com, by QTRs Fringe Finance

Schiff, known for his unflinching critiques of government policies and his bullish stance on gold, offered a comprehensive analysis that touched on a range of economic issues, from the performance of gold to the potential for a looming economic crisis.

In our full hour-long discussion, available via audio we talked about:

the significance of gold surpassing $2,500, the building of a higher base, and the expectation that gold's price will accelerate.

the observation that Wall Street is not yet paying attention to the gold rally, with more focus on Bitcoin

gold mining stocks are hitting new 52-week highs, but they are still far from their 2011 peaks.

gold's price trajectory from 2001, starting at $270 and rising to $1,900 in a decade.

the dollar's recent weakness, particularly against the Swiss franc, and its implications for gold prices.

criticism of the Fed's decision to stop raising interest rates and the potential mistakes associated with future rate cuts.

the inefficiency and potential damage of price controls, specifically regarding Kamala Harris's proposed policies.

the potential effects of taxing unrealized capital gains, including constitutional concerns and the likelihood of increased capital flight from the U.S.

whether government can ever be efficient, with the argument that efficiency is inherently a feature of the private sector, not government.

Japan's economic situation and the potential implications for global markets if similar issues arise elsewhere.

how markets reacted to the Bank of Japan's statements on interest rates and the anticipation of U.S. rate cuts.

concerns about rising inflation, especially in the context of potential rate cuts by the Fed and global economic instability.

warnings about the possible economic collapse if central banks continue on their current paths without addressing the underlying issues.

how long-term inflation could escalate, especially with the current fiscal and monetary policies.

advocacy for investing in gold and gold mining stocks as a hedge against expected economic turmoil and inflation.


www.universityofreason.com/a/29887/KWADzukm