HAM32-US Elections Countdown: Upcoming Financial Policies on the Dollar - Hard Asset Money Show

If Harris is elected president there's going to be a number of different things that are going to happen immediately. You're going to see interest rates go up pretty substantially because she's going to flood the market with brand new amount of cash by bringing entitlement programs up to levels that have never been seen before. Her policies of free healthcare alone is going to add seven trillion dollars to the spending. How much of that goes directly to the debt is very interesting because we're not sure if it's going to be 3 to 5 trillion. She's going to bring free tuition for school. She's going to bring free childcare. These are now up to fifteen trillion dollar policies. The things of which she plans on giving away for free on the world stage is going to hurt the dollar. When you flood the market with too many dollars, it actually has substantially less value, and that creates inflation. After meeting with some economists last week there is great concern that the dollar could lose its reserve currency status by literally becoming available for free.

Categories: Money

Starring: Christian Briggs