Bond Market Crisis Will Crack The Silver Market Price Ceiling
- Bond Market Crisis Will Crack The Silver Market Price Ceiling
by John Adams, https://www.adamseconomics.com/
The emergence of the current crisis in bond markets across the world will have dramatic implications for not only future economic policy, but also for global commodity and precious metals markets, especially the gold and silver market.
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As noted in early February 2021 via the article “The Biden Administration will Accelerate Stagflation”[1], the economic policies of the Biden Administration will accelerate the stagflation phenomenon in the US that commenced under the Trump Administration.
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These economic policies include:
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* massive fiscal stimulus and additional government spending, including a proposed $US 1.9 trillion stimulus package and a $US 2 trillion (over 4 years) spending package to address climate change, cleaner energy and infrastructure requirements; and
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* job destroying regulations, such as re-joining the Paris Climate Accord, cancelling major construction projects (e.g. the Keystone XL pipeline and the US-Mexico border wall), prohibiting fracking on federal government land as well as raising the minimum wage to $US 15 per hour.
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