Kudlow’s Money Politics

Do You Think Gold Might Be Telling Us Something?

In case you missed it, President Obama was out and about yesterday pitching $250 rebate checks for Medicare prescription-drug coverage. At the same time, gold prices were roaring ahead, hitting a record-high $1,245 an ounce. So let me ask: Is there a link between the government doling out even more budget-busting benefits to the elderly and the skyrocketing gold price?

Or look at a new Treasury report to Congress indicating that the U.S. debt is expected to soar to nearly $20 trillion by 2015. How about that? Do you think this latest mind-blowing multi-trillion-dollar debt projection might have something to do with the soaring gold price?

And don’t forget that the Congressional Budget Office just increased its Obamacare cost estimate by $115 billion. That brings the total cost to more than $1 trillion in the first ten years. Think there might be a gold connection?

Big-government spending, big-government borrowing, and an ultra-easy-money Fed for as far as the eye can see. And gold prices shooting to the moon.

Do you think there might be a connection? Maybe? It’s called cause and effect folks.

Here’s another question: What follows trillions in spending and borrowing?

Answer: Quadrillions.

Larry Kudlow — Larry Kudlow is the author of JFK and the Reagan Revolution: A Secret History of American Prosperity, written with Brian Domitrovic.

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