{"id":1534628,"date":"2025-05-07T13:25:00","date_gmt":"2025-05-07T17:25:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1534628"},"modified":"2025-05-07T13:25:00","modified_gmt":"2025-05-07T17:25:00","slug":"gold-soars-to-another-new-high-whats-the-message","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/gold-soars-to-another-new-high-whats-the-message\/1534628\/","title":{"rendered":"Gold Soars To Another New High, What’s The Message?"},"content":{"rendered":"

Gold Soars To Another New High, What’s The Message?<\/span><\/p>\n

\n

Authored by Mike Shedlock via MishTalk.com,<\/em><\/a><\/p>\n

There are three messages. Do you see them?<\/strong><\/p>\n

<\/a><\/p>\n

Three Messages<\/strong><\/h2>\n

Gold does not believe the Fed is under control<\/p>\n

Gold does not believe Congress is under control<\/p>\n

Gold does not believe Trump is under control<\/p>\n

And neither do I.<\/p>\n

Think!<\/strong><\/h2>\n

If you think either Congress will do anything about soaring deficits, then think again.<\/p>\n

If you think DOGE will do anything about soaring deficits, then think again.<\/p>\n

If you think Trump will do anything about soaring deficits, then think again.<\/p>\n

If you think tariffs will offset spending that Trump demands and Congress will deliver, then think again.<\/p>\n

If you think the Fed will stop monetizing the debt, then think again.<\/p>\n

Buying Votes for a \u201cBig Beautiful Bill\u201d<\/strong><\/h2>\n

Trump will buy as many votes as it takes to get support for his \u201cbig beautiful bill\u201d.<\/p>\n

Number one on the table is restoration of State and Local Tax (SALT) deductions. This benefits Democrats and Republicans in Big Blue states, especially New York.<\/p>\n

The\u00a0Committee for a Responsible Budget\u00a0<\/a>estimates full restoration of SALT would cost $920 billion over 10 years.<\/p>\n

The TCJA tax extension will cost $3.9 trillion.<\/p>\n

Why stop there?<\/p>\n

Trump wants to but more votes with no tax on tips, no tax on Social Security benefits, and new deductions for interest on auto loans.<\/p>\n

No DOGE to the Rescue<\/strong><\/h2>\n

To pay for all of this DOGE has come up with $150 billion in alleged savings of which only about $12 billion is real.<\/p>\n

For discussion, please see\u00a0How Much Money Has DOGE Really Saved, and Where Will it Go?<\/a><\/p>\n

Let\u2019s do some fact checks on DOGE claims and reality.<\/p>\n

Trump Promises $1 trillion in Defense Spending for Next Year<\/strong><\/h2>\n

Also note\u00a0Trump Promises $1 trillion in Defense Spending for Next Year<\/a><\/p>\n

Even bigger budget deficits are now in store due to the first $1 trillion defense budget.<\/p>\n

Meanwhile, the lies that it will pay for itself continue along with praise from the cult.<\/p>\n

For discussion of the truly absurd, please see\u00a0Lutnick Says Tariffs Can Eliminate the IRS and Balance the Budget<\/a><\/p>\n

Lutnick: \u201cWe\u2019re going to make the External Revenue Service replace the Internal Revenue Service.\u201d<\/p>\n

And finally\u00a0Republicans Have One Chance to Reform Medicaid, They Will Blow It<\/a><\/p>\n

Republicans, including Trump, won\u2019t fix anything if it costs votes.<\/p>\n

There is no political will by Congress or Trump to do anything about deficits out of control.<\/p>\n

If you think we are headed for a currency crisis, then you are thinking correctly.<\/strong><\/p>\n

Don\u2019t ask me when, because no one knows. But the message is unmistakable.<\/p>\n

*\u00a0 *\u00a0 *<\/p>\n

Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.<\/em><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 05\/07\/2025 – 09:25<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/precious-metals\/gold-soars-another-new-high-whats-message<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Gold Soars To Another New High, What’s The Message? Authored by Mike Shedlock via MishTalk.com, There are three messages. Do you see them? Three Messages…<\/p>\n","protected":false},"author":0,"featured_media":1534629,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1534628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1534628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1534628"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1534628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1534629"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1534628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1534628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1534628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}