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Message: Re: The Dollar

Oct 28, 2008 07:53AM

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Oct 28, 2008 04:06PM

Re: The Dollar

posted on Oct 28, 2008 04:13PM

The advantage the Democrats will have if they win will be control of the House, the Senate, and White House. They will be able to "fast track" any bailout programs deemed necessary. The bailouts on Wall Street will be met with Main Street bailouts(which are being discussed now) and those will have to happen to avoid civil unrest. We should see the inflation taking hold quicker, the recession ending quicker, gold moving sooner, the equites moving sooner all based on virtually no political obstacles to delivering $$ to the issue. And we know, they have unlimited $$. THey will make FDR's New Deal and LBJ's Great Society look like child's play.

There are some wild cards for either party that could really throw a wrench into this picture as I see it:

1. The elimination of the capital gains tax could set back equities and real estate and prolong the recession

2. Increasing taxes on Corporations could actually inhibit growth in US and prolong the recession.

At least one of the candidates has talked of implementation of these 2 ideas in some form.

Bottom line.. either candidate has to throw major $$ at system to head off recession which shoudl lead to inflation and higher gold prices.

SilverNut


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