-- Published: Friday, 15 September 2017 | Print | Disqus
By Graham Summers
Back in January 2017, we predicted that 2017 would be a year of a $USD collapse. At that time it was obvious to us, plain as day, that the Trump administration would want a weak $USD in order to implement its economic policies.
Meanwhile, the $USD has collapsed against every major world currency: Euros, Yen, Francs, you name it, the $USD has dropped against it.
And this trend is nowhere near over. For those who still don’t believe that the $USD is heading DOWN, consider the yesterday’s quote from Trump’s TOP ECONOMICS GUY, Treasury Secretary, Steve Mnuchin.
In case you missed it, Mnuchin stated that Trump was “less concerned about inflation than economic growth.”
Put simply the Trump administration will let the economy run HOT in order to achieve its growth goals. This means the $USD is officially TOAST.
This is going to be like rocket fuel for inflation trades. Smart investors will use this trend to make literal fortunes.
If you’re not taking steps to actively profit from this, it's time to get a move on.
Chief Market Strategist
Phoenix Capital Research
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-- Published: Friday, 15 September 2017 | E-Mail | Print | Source: GoldSeek.com