Is This a 2007 Redux? SchiffGold Friday Gold Wrap 08.18.23

There is a growing consensus that the Federal Reserve can successfully slay price inflation and bring the economy to a soft landing. After all, the economy appears to be chugging along. But as Friday Gold Wrap host Mike Maharrey explains, there are a lot of things bubbling under the surface that should temper that optimism. In fact, what we're seeing today looks a lot like 2007. You can visit the show notes page here: https://bit.ly/3sgKYNf Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED - A tough few weeks for gold - This looks eerily similar to 2007 - Banks still borrowing billions from Fed bailout program - The US government spent more on interest payments than national defense in July - Another gut punch for the US dollar