Trump’s Economic Team is a Gathering of Goldbugs

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According to Paul Krugman, Trump was installed by Putin and his economic team is a ‘gathering of goldbugs.’ I’m sure he meant that last part in a condescending way, although I view it as flattery.
We all know that John Paulson has been bullish on gold and predicted the price of gold would rise in proportion to Bernanke’s dollar printing. Apparently Mnuchin, Trump’s pick for Treasury Secretary, is guilty by association. As Krugman pointed out:
Treasury goes to a guy with little public profile, but hangs out with John Paulson (who is also close to Trump). Budget director appears to be John Bircher and conspiracy theorist. Birchers want return to gold and silver, Mulvaney seems to agree.
Mick Mulvaney is Trump’s pick for Budget Director. He gave a speech at the John Birch society in which he criticized the Federal Reserve and said they ‘effectively de-valued the dollar and choked off economic growth.’ Krugman also derided Mulvaney because he praised bitcoin as a currency that is ‘not manipulatable by any government.’

This post was published at GoldStockBull on December 20th, 2016.