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Jim Rickards: This is what will destroy the dollar
By James G. Rickards
Daily Reckoning, Baltimore
Monday, October 14, 2024
Janet Yellen gave a speech on Sept. 26 at the 2024 U.S. Treasury Market Conference in New York. The speech was largely about risks in the banking system and the market for U.S. Treasury debt.
In a pre-speech interview with Politico, Yellen was asked about risks related to a smooth presidential transition in this election cycle. While that may seem like a straightforward question, it contained a particular bias that somehow Donald Trump, win or lose, might make the presidential transition difficult.
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Difficulties could arise if Trump loses and claims the election was "rigged" or if Trump wins and radical groups like antifa commence violent protests. My estimate is that the former is unlikely, and the latter is far more likely but Trump haters in the media will take the opposite view. ...
... For the remainder of the commentary:
https://dailyreckoning.com/this-will-destroy-the-dollar/
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