I’m sure you heard the news and at this point anything I say about Larry is moot. So now the question pivots to what will Kudlow be whispering to Trump.
Perhaps this?
Maybe that’s why Bitcoin got smashed today, currently trading at $8,200.
Regarding gold, Larry is a huge fan. He even went as fas as to say we should have a gold/commodity backed dollar.
“Of course, I’d love to see a gold- and commodity-backed dollar. And maybe future bitcoin reformers can restructure in such a way. But the dollar is accepted around the world by governments, banks, businesses and consumers because it is a reliable medium of exchange, even if its store of value has deteriorated.”
Regarding the bailouts, this from an old BI article
Hi Henry. would you be kind enough to tell your man Wiesenthal that I have supported a gold -backed dollar since the mid 1970s.
Also, I favored letting Lehman go bankrupt.
And I did not support Tarp 2, the capital injections. I did support Tarp 1, where Treasury was going to buy toxic assets in order to resell them, RTC style. And, Tarp 1 would have been possible under a gold-backed dollar.
The trade: short BTC, long GLD, long UUP.
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I know he’ll probably kiss more ass, but is he really any different from Cohn?
Yes, he will be easier for Trump to bully than Cohn.
I will stay long all three of those, thank you very much.
I really like Kudlylow cuz he’s a Reaganite. But I hate that he’s an old fart!
Wow Cancel. You remind me of a millennial I met who told me they were going to let boomers rot in dumpsters behind grandma’s house. lol
I was drunk when I wrote that, Flint. Sorry 🙁
No worries buddy. Hope you had a good buzz !
Any friend of gold, especially as sound money, is a friend of mine. I love (((Larry))).
Ha!
I will kindly disregard the 2014 mumbo jumbo he said about btc and take in the gold/commod backed currency quote.
Why does he even care what btc does?
you forgot – Long Cocaine