Gold Soars To Record High, Dollar Dumps As Kamala Unveils 'Populist' Economic Plan

Hold onto your butts if kamala wins. The dollar's day will be coming to an end.

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No it won't. It is still, and always will be, the least bad currency in circulation with sufficient volume to facilitate global trade.

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I mostly agree with the least bad currency premise. That is how FX works. If we openly move in a socialistic direction, I'm not confident the "always" is still viable.

Currencies do come and go, the cycle has repeated many many times in human history; and generally the reserve currency is the most lagging indicator of a failing empire. There is no other viable option apparent because it isnt necessarily needed yet. Kamala comes in and says, not only are we going to normalize >5% of gdp deficit spending, we are going to increase that number while also stifling natural GDP growth, all of a sudden the door opens for the need for something else, when there isn't exactly one right now. When there's a need, surprises tend to come from nowhere. The market isnt just moving for shits and giggles immediately after she releases some socialist plans.