Wash impact, precious metals crash! Why did Trump choose Wash?
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Due to Waller's long-standing policy stance of "interest rate cuts + balance sheet reduction," the market's understanding of Waller is biased towards a hawkish view. This appointment directly sank the gold and silver prices, which had recently surged almost ninety degrees. Goldman Sachs' Rich Privorotsky believes: The greatest asset of the U.S. system is the dollar system, and without a credible central bank, it will ultimately collapse. ... In the 1970s, Volcker was not Carter's first choice, but rather the market's choice
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