John Paulson: "We'll see a crash" under Harris tax plans
Intro and Quotes
On Harris’ Tax plan:
- Paulson: I think if they implement those policies, we'll see a crash in the markets.
- Sara Eisen A crash…
- Paulson: Yes, of course.
Comment:This was tried in the 1970s. Capitalism shrugged, pulled money out of stocks, put it in cash and Gold, and stagflation ensued.
On Gold:
"I think the major reason why gold is rising is generally a global lack of—or having less confidence in paper currencies, particularly among central banks."
Comment: He started saying this in earnest 2021 before the BRICS plan was obvious to most
On a Harris Portfolio:
"I would move more to cash if Harris was elected, and I'd stay invested in gold."
Comment: He’d likely add to gold if she won.
The Interview
Related:
Continues (transcribed) here
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