EDITOR NOTE: So, what’s the biggest threat to the US economy, scaling down to each American, meaning, your money and future wealth prospects? Is it inflation? Is it the emergence of the pandemic’s delta variant? Is it the continual creep of socialism? Trish Regan argues that it’s the narrative of equality that’s masking anti-American, anti-capitalist, and pro-socialist sentiment via “pro-American” retro “new deal” policies. Coercive wealth confiscation by way of higher capital gains taxation. Elimination of capitalist competition and cartel-like “revenue fixing” by way of global corporate taxation. Redistribution of wealth through policies that punish smaller entrepreneurs, emphasize government handouts via stimulus while draining the value behind that stimulus (i.e. inflation), and siphoning into the coffers of the government and the pockets of the financial elite who rely on high stock market valuations. You can blame the government for pulling the wool over the eyes of the average American, but what are we to say about Americans who can’t see the trickery taking place right under their noses? Not everyone is blind to what’s happening. And for that reason among others, many analysts expect gold to exceed $2,000 an ounce before the end of the year. It’s time to hedge the risk of “socialist creep.” And given its prevalence among many in Washington, non-CUSIP gold and silver are the safest forms of metal to own, as they’re the most private and most resistant to government tracking and surveillance.
A “creep of socialism” is spreading across America, said Trish Regan, founder of the Trish Intel Podcast. Regan is an award-winning journalist who has led primetime programming for Fox Business, CNBC, and Bloomberg. Regan discusses with Michelle Makori, editor-in-chief of Kitco News, the ramifications of today's political environment for investors, and which assets should be considered in a diversified portfolio.
Originally posted on Kitco News