James Rickards, economic and monetary expert, joined Francine Lacqua on “Bloomberg Surveillance” yesterday to discuss Trump and whether he will be good for markets, the economy and for gold.
Rickards said that Trump’s Presidency , which he predicted, will be good for gold as he will be the ‘Helicopter Money President’ and he will spend dollars on U.S. infrastructure and the U.S. military. This will cause inflation which will benefit gold:
“Trumps individual policies sound attractive. Who does not want better infrastructure? Who does not want better defense?
But when you add them all up, this is going to mean much larger deficits.
He is the ‘Helicopter Money President’ … the irony is that people like Larry Summers and Paul Krugman are bashing Trump and Summers compared Trump to Mussolini and yet Trump’s policies are Larry Summer’s policies – more deficits, fiscal spending, helicopter money …”
Rickards is a regular commentator on finance, and is the author of The New York Times bestseller Currency Wars: The Making of the Next Global Crisis, published in 2011, The Death of Money: The Coming Collapse of the International Monetary System, published in 2014, and The New Case for Gold, published in 2016. Read full story here…