Senate Republicans Just Voted to Add $10 Trillion to the National Debt And The Gold Standard Became Officially Impossible.
President Donald Trump says in his financial disclosure that he has an “investment in gold,”
He has even accepted three 32-ounce gold bars as security deposit for his commercial real estate leases.
“The legacy of gold as a precious commodity has transcended to become a viable currency and an accepted universal monetary standard,” stated Mr. Trump at a press conference.
“Central Banks around the world are holding Gold as a reserve asset. It is also a terrific, potentially lucrative diversifier in a portfolio, especially with such volatility in the stock market.”
The President of the United States of America is clearly infatuated with gold.
Perhaps it’s because the debt clock keeps on ticking.
The U.S. federal debt is around $20 trillion and still rising.
Republicans have introduce a budget increase of $9.7 trillion dollars forecasting the debt will hit $30 trillion in the near future.
Republicans won the White House. Republicans control the Senate. Republicans control the House. And what will the first order of business be for the new Republican majority?
To introduce a budget that will create $30 trillion in debt.