Archives for November 2020

Mitch McConnell said Wednesday that “we need another rescue package,” and that he hopes one can be done “before the end of the year.   The democrats want a $2 trillion to $3 trillion stimulus package. Any McConnell-approved plan would be less than what a Democratic-led Senate would endorse, but markets still expect it to be significant. This is on top of $4 trillion the Fed printed and handed out earlier this year. Keep in mind this is only the United States we are discussing, There are many other governments around the globe doing the same. The outcome has no choice except to cause inflation. When inflation rises, the value of currency goes down and people tend to hold money in the form of gold.  In times when inflation remains high … [Read more...]