Donald Trump’s new Budget Chief is now on record for accusing the Federal Reserve of debasing the value of the dollar.
That’s right, Trump’s right-hand man on rebuilding the U.S. fiscal policy is at war with the Fed. And it’s not going to end well for the dollar.
So if you have money tied up in the stock market or are sitting on cash, pay close attention because the even bigger news is (and it’s GOOD news for you):
As a hedge against the dollar, he’s praising a different currency that can’t be manipulated by the Fed. Mulvaney said...
"This [currency]... is the secure, efficient... backbone we’ve been looking for... and has the potential to revolutionize the financial services industry, the U.S. economy and the delivery of government services."
It’s obvious Mulvaney has big plans for this alternate currency and sees it playing an important role in our government.
I know this is all beginning to sound like some conspiracy theory. The budget guy doesn’t trust his own government so he pushes another currency.
But this may be why Trump picked Mulvaney in the first place.
By Tom Dyson
Founder, Palm Beach Research Group