stand for that. I think he comes in and he tells the Japanese, hey, guys, 155 is in the price, 120 is the price. And then this has a big impact on markets because the cheap yen has allowed for bond yields everywhere in the world to probably be lower than they should be. It's allowed for carry trades to continue. It's triggered a lot of outflows from Japan into gold and triggered a massive structural bull market on gold. So, you know, that one I could see having a big impact. Otherwise, you know, I think whether you've got Trump or Biden, the anti-China rhetoric frankly stays the same. Whether you have Trump or Biden, I think both actually want to get the US dollar lower. Now, Biden is less explicit than Trump on this. Trump is just out there saying, hey, we want a weaker dollar. Lighthizer is main economic advisor, says it every day. So you've got either way, you end up with a policy of excess budget deficits, weaker dollar, the excess budget deficits and the weaker dollar combined to (39/42)
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