Commodity Trade Mantra: Regardless of US Election Results, Strife & Money Printing will Continue - Gold and Silver will Rally Harder
Article by Eric Sprott in Commodity Trade Mantra
The presidential election will take place in less than one month, with November 3rd only a mere twenty-five days away. The anxiety and uncertainty are all around us, especially if you call yourself a citizen of the United States. However, the ramifications of the coming election will be felt all around the world.
At the moment, both the Democrats and Republicans are jockeying for position. The typical political games are being played in real time, as seen from the non-stop appearances in the MSM of political surrogates from both parties spewing their talking points and pushing their agendas.
However, there are a few things that are all but guaranteed at this point, regardless of which side is deemed the victor.
Political Violence Will be in Abundance
I take absolutely zero joy in this prediction.Yet I see no alternative scenario unfolding in the coming months.
Political violence will hit a level within the United States we have not seen in decades, and that is saying a lot, considering the near non-stop riots and strife that have been unfolding in many major cities across the United States in the last half of the year, with Portland being one of the most serious examples.
Unfortunately, I believe this will be nothing compared to the coming dark days if one side or the other does not win in a complete and utter landslide.
The plethora of mail-in voting that is taking place within the United States due to the ongoing COVID-19 pandemic has led to increased uncertainty and mistrust within the voting system, with many on the right speculating that “funny” business will almost certainly take place.
What this is all leading to is one of the greatest enemies of the markets and democracy at large: extreme uncertainty, which will likely fuel the radical sides of both parties further in the coming months.
This will send the financial markets spinning as the country attempts to resume stability, and hopefully cooler heads can prevail.
Extreme Money Printing is Coming
The next scenario that is all but guaranteed at this point is the fact that much, much more stimulus is coming after the election, regardless of who wins.
However, the Democrats have mastered the art of easy money-printing above all others.Still, this does not mean that no stimulus is coming if Joe Biden wins on November 3rd—in fact, quite the opposite.
Remember, Joe Biden is in much greater favor than President Trump of shutting down the economy and placing further restrictions on it in an effort to slow down the spread of COVID-19.
Regardless of who wins, strife will occur, uncertainty will be in abundance, and fiat money-printing will continue in excess.
The moral of the story? Prepare ...
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