Biden and Your Money | The Gold Standard 2307

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We open the discussion with Biden’s second State of the Union address. In this episode, Ken talks about President Biden’s economic policies and their corrosive impact on consumers and investors. While the economic landscape remains uncertain, with challenges such as inflation, rising interest rates, and an affordable housing crisis, Biden highlighted job growth as a positive development. What job growth? We keep hearing of layoffs and will likely continue to hear about them.

President Joe Biden took office in January 2021 with a mission to revamp the American economy and promote financial security for its citizens. His speech was tailored for the low and lower-middle class. Never before in the history of politics has a presidential address been so interactive. Jeers rang out in the chamber as Biden had to listen to heckles throughout his speech. Many Republicans see that Biden has no solutions. He’s just adding to the problem with one bad policy after another.

Whichever side of the fence you’re on, it’s difficult to feel comfortable with the way things are and where they seem to be going. There’s a tremendous lack of confidence in the leadership ability of the current administration.

Struggling to contain rocketing prices, the Federal Reserve launched a long, ongoing series of interest rate hikes last year. Many economic experts worry that the continuing money-tightening policy will sink the economy into a deeper and deeper recession.

One of the most significant proposals is to increase the corporate tax rate from 21% to 28%. This proposal is part of Biden’s plan to pay for his infrastructure proposal, which would invest $2 trillion in improving the country’s infrastructure.

One of Biden’s pet projects is levying a billionaire tax. The new tax would require billionaires to pay “their fair share of taxes.” The translation: Twenty percent of their income, including stocks, bonds, real estate, and tangible assets, would be handed over to the government, partly to pay for his deficit reduction plan.

Biden declares that he will protect Social Security and Medicare from cuts and, over a decade, reduce the national debt by $2 trillion. He accuses the Republicans of hypocrisy because they favor tax policies that could push the accumulated $31.4 trillion national debt higher. Even as the House Speaker declares, “no more blank checks for runaway government spending,” Biden and he must reach a compromise if they’re to raise the debt ceiling; otherwise, the government will lack the funds to pay its bills and default.

It has taken less than one hundred years for the US dollar to lose 92 percent of its domestic purchasing power. In this period of the Federal Reserve’s distorted reality, the US economy continues to weaken. Wage increases are nonexistent. Employee layoffs are just beginning.
Precious metals like gold and silver are in a great position to pick up momentum as the value of the US dollar declines.

The Gold Mexican Libertad is a highly sought-after coin among collectors and investors. This coin was first minted in 1981 by the Mexican government and is considered one of the most beautiful bullion coins in the world.

The obverse design of the Gold Mexican Libertad features the familiar symbol of resistance for the people of Mexico during the revolution of 1820, a Winged Victory. The reverse side is the Mexican coat of arms. The coin is made of 99.9% pure gold and is available in several
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Another reason why the Gold Mexican Libertad is significant is its investment value. The coin is highly sought after by investors due to its purity, rarity, and limited mintage. The limited mintage of the Gold Mexican Libertad makes it a highly collectible item that is likely to appreciate over time. The Gold Mexican Libertad is valuable to any investment portfolio as a safe-haven asset during economic uncertainty.

The Gold Mexican Libertad is a significant coin in terms of its historical and cultural importance and investment value. Whether you are a collector or an investor, the Gold Mexican Libertad is a beautiful and valuable addition to any collection or portfolio.
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