Criminal Probe into Fed Chair

Lately, I've been paying attention to gold and silver spot prices. In recent days they've been moving higher really quickly. There's an element of FOMO price chasing going on, but there's also legitimate concern about the USD. This morning, gold and silver prices lurched upward. I wondered why. Usually a big move like 5-6% is associated with some news. In this case it's apparently driven by Donald Trump's administration launching a "criminal probe" into the Fed Chairman Jerome Powell. The narrative is that Trump wants an uber dovish (low interest rate loving) Fed Chair so this is some type of political maneuver to oust Powell.

I think it's pretty obvious the USD is going to get heavily devalued over the next handful of years. That's one reason why the "AI bubble" probably won't pop. Instead working people are going to get crushed... all through the spectrum of poor, middle class, and upper middle class people. It'll get pretty ugly.

Gold and Silver are easy ways to get money out of the USD system, but they're also easy to heavily tax and control. It's also expensive to buy and sell precious metals. Gold is probably a reasonable insurance policy against US dollar devaluation, though. Other precious metals are wildly volatile because of their odd supply constraints and industrial uses, for example Platinum prices shoot up and drop like a rock from time to time. Platinum is probably harder to liquidate as well.

It's anyone's guess what crazy shit is going to happen... who, for example, would have guessed 10 years ago that the US would seriously consider annexing Greenland?

The USD is the Achilles's heel of the "US" empire.