You are here
Trump urges zero or negative interest rates to tackle U.S. debt
So the game is in plain view now: Free and infinite money to devalue the debt away, accompanied by more commodity price suppression and destruction of markets so the public and investors don't catch on too fast and try to abandon government currencies altogether.
* * *
From Reuters
Wednesday, September 10, 2019
WASHINGTON -- President Donald Trump called on the Federal Reserve to push down interest rates into negative territory, a move reluctantly used by other world central banks to battle weak economic growth as it punishes savers and banks’ earnings in the process.
Trump, in a pair of Twitter posts, said that would save the government money on its debt. He did not address the risks or financial market tensions that central banks in Europe and Japan confront as a result of their negative rate policy, or the larger issue that negative rates have not done much to boost growth or raise inflation as intended.
... Dispatch continues below ...
USAGold: Coins and bullion since 1973
USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.
Please call 1-800-869-5115x100 and ask for the trading desk, or visit:
USAGold: Great prices, quick delivery -- all the time.
“We have the great currency, power, and balance sheet ... The USA should always be paying the ... lowest rate. No inflation!" Trump tweeted.
“It is only the naïvete of (Fed Chairman) Jay Powell and the Federal Reserve that doesn't allow us to do what other countries are already doing," added Trump, who has repeatedly noted that rates are negative in Germany, Europe's trading powerhouse. ...
... For the remainder of the report:
https://www.reuters.com/article/us-usa-trump-fed/trump-urges-zero-or-neg...
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Friday-Monday, November 1-4, 2019
https://neworleansconference.com/noic-promo/powellgata/
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
