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No. of Recommendations: 4

My comment on Biden was neither "stupid" nor "ignorant". I despise the man. But I would concede that alluding to his well-documented crimes was unnecessary to my argument that the current administration's foreign and domestic polices are likely to beggar us all, making moot discussion about whether JPM-J or JPM-L is "the better" bet.

I'm not a gold bug. But many of those guys do sound analysis, and they have a better understanding of how financial markets discount info than what is offered by the so-called "mainstream" press. Burns had to take interest-rates to 11% --and Volker, to 21%-- to break the back of inflation. The bond market is already calling Powell's bluff, and they counting on him to resume printing in order to save the Demos in the midterms. Either way, the US is facing a recession/depression. When that happens --not *if*--, worrying about tiny, 5% something CY's becomes pointless.

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