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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 413.19

+1.1%

4:00 PM EST

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To: TobagoJack who wrote (150125)	8/18/2019 9:33:10 AM
From: carranza2	Read Replies (1) of 219034

Mauldin is very sharp. He understands something Armstrong appears to give little thought to: How growing inequality and the increasing lack of economic mobility could easily lead to MMT and chaos. MMT is dangerous because it posits that mooolah is governmental monopoly to be used for the benefit of everyone. Unemployment is evidence that it is being used too conservatively. Keynesians on hyper-steroids. Its danger lies that you can substitute any program - health care, education, infrastructure, etc. - to justify unlimited spending. Debt is in effect ignored and balloons stratospherically. AOC’s green plan is a perfect example. She’s classic MMT but is too stupid to know it. MMT is voodoo economics. The Squad, antifa, Bernie, the popularity of socialism with the millennials, increasing racial tension, etc., are all symptoms. If they result in Trump losing the election, MMT is a given. The way Trump spends, he might well be half-way there. It’s the debt, stupid, to paraphrase Carville. One way or another, there will be lots more of it. Gold will do just fine. I wonder if Armstrong still believes this: peakprosperity.com

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