Gold prices are accelerating, the US dollar falling, and Trump announces a new Fed chair who will lower Fed short term rates soon. What’s the effect between all three? Will the gold bubble continue? Will the dollar continue to devalue? What will lowering Fed rates mean for both? What’s the connection to four decades of financialization and globalization of US capitalism. The growing contradictions (and instability) in US monetary policy is a hallmark of the current period. What does this mean for the US empire’s global economy weakening?
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