I'm Interested in >

Call (800) 355-2116

obama's gift to gold

From Birch Gold Group

 

After eight long years of working to expand the Federal government’s reach, Barack Obama is ramping up even harder during his final days in office to go out with a bang. He’s taken advantage of Congress’s last days in session before the holiday by pushing through five massive “midnight regulations” that will cost Americans an estimated $6 billion.

But Obama’s sneaky trick to leave his mark on the country could turn out to be an unexpected gift for gold prices.

Sacrificing Financial Security on the Altar of Environmentalism

The epicenter of Obama’s final regulatory earthquake is in the Environmental Protection Agency and Department of the Interior, and his aim is to appease Democrats by enacting sweeping new environmental protections right before he leaves the White House.

Sam Batkins gives us the details:

Based on reports, here are the five recently-finalized regulations, four from Interior and one from EPA:

Combined, these rules could impose $5 billion in costs and more than 350,000 paperwork burden hours, based on initial cost estimates. In addition, at least two measures do not have monetized cost or benefit figures. However, the largest regulation, at $2.4 billion, aims to reduce natural gas waste from flaring and venting. The analysis estimates an average small entity could bear costs up to $37,500. The second largest rule, and perhaps the most controversial, would establish another round of renewable fuel standards. At $1.5 billion in costs, it ranks as the second most expensive EPA rule of 2016, behind the second phase of heavy-duty truck efficiency standards ($29.3 billion).

Handing Trump a Hobbled Economy

The worst part of these heavy new regulations is that they will put significant strain on the economy without providing any stimulation to offset it. With analysts already concerned about the safety of America’s financial system, these regulations could be the straw (or anvil) that breaks the camel’s back.

It’s hard not to think Obama knows how damaging his last-minute regulatory push could be, and even possibly that he’s dropping a time bomb in Donald Trump’s lap simply to improve the Democratic Party’s chances in future elections.

There’s no doubt that Trump will fight to undo these new regulations when he takes office, plus the rest of Obama’s deep catalog of aggressive Federal laws from the past eight years. But he might not be able to act fast enough to keep the economy safe.

Why Those Holding Gold May Say “Thanks, Obama” — And Mean It

Obama might be leaving us with a slew of new economy-crippling regulations, and Trump might struggle to undo them quickly enough to prevent the consequences. However, there’s one small group of Americans who may end up benefiting from the whole debacle: those who have protected their savings with gold.

As these regulations take effect – and as Trump tries to slowly chip them away – the economic slump that may result could push gold prices upward.

As we head into 2017, anyone surveying today’s political and economic landscape in search of a prudent way to diversify their savings may want to strongly consider the yellow metal.

  • steve

    obama is still am IDIOT.

  • Carol J Craig

    And you cannot even spell “an” so who’s the idiot!

  • Garrett Auman

    I see that the American TRAITOR is at it again !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • Tree huggers brought Obama the vote. Therefore, perhaps, this is Obama’s way of ‘ Thank You’ and Merry Christmas too? Perhaps?

  • happy50132003

    It is hard to believe that the STUPID liberals are still supporting this man. Obama hates the US and always had but was able to pull the wool over the eyes of the STUPID democrats. How sad that this man has proven to be such a jerk. AND the media is saying his approval rating in 60%…..this might change all that.

  • D.r. Hanson

    Typo, Ms. Obama worshiping idiot and traitor!

  • missourisam

    Is there no way to keep this egotistical bastard from gutting the American economy in a narcissistic snit because Hillary did not get elected to carry on his war against common sense in the USA. It seems that a lame duck president of this low caliber should be blocked from doing further damage. Any liberal that still supports him should be drawn and quartered, and fed to the coyotes.

  • Leroy Mosley

    Gold is the New World Order money for the future.

  • Robbie Thomas

    it’s very interesting how people keep making allegations from the hate in their demonic willful hearts and mouths; but remember this you will have to answer for all your evil willful words unto God on judgement day for death isn’t the end ; than come judgement and there’s no for giviness’ for it is written you knowing not to sin and keep sinning makes the blood of Jesus void for thee; This is in Mathew. also what you do unto the least of them you do unto the Lord God. It is publically known and has been shown on T.V that Obama is a born again Christian; especially when This African American church leader ran his mouth against Obama who was a member of his church at the time. Yet yaul have voted Donald Trump who is a lair and thief and a bigot and much worst; and he has proven to have gone back on his word so many many many times. You know the bible says when you see a thief your pleased with him; so you know that voting for that immoral unethical Trump you voted against Gods will. and against this nation as a whole. You held accountable for your own tongues and actions and even your thoughts; for it is written as a man thinketh so is he. Food for thought and your own salvations.

  • R DoCdoWedo!

    His approval rating is 0 the media is Nothing but a damn lie. They will say anything to get ratings.

  • R DoCdoWedo!

    Looks like your the IDIOT not him. Because you brought the discussion He miss spell am an. You know what he meant. So what kind of dumb ass brings something up that small.

  • R DoCdoWedo!

    A big One At That IDIOT.

  • R DoCdoWedo!

    Obama is evil. Just in case you don’t know he worships the devil He is a SATAN Worshiper. That is why the American people Don’t like him. If you would read the real.
    bible from Israel It say in code that Donald J. Trump is to become President,
    God Anointed Donald J. Trump with out him knowing. NO it is not Bigot it is the word of God. Salvation does not come to those who Worship Satan.

  • R DoCdoWedo!

    You tell me where that is in the bible. If money is a sin the way did Jesus gave three Apostle money to go buy stocks so gold is a sin they way did Jesus gave them money for the future.