Independent financial journalist, Eric Dubin, and former Wall Street bond trader and current gold fund manager and investment newsletter writer http://investmentresearchdynamics.com/, Dave Kranzler, are back for Episode #9 of "WTF Just Happened?" Last week Donald Trump broke the theoretical "Chinese Wall" that is supposed to exist between the Government and the Fed when he offered a stunning rebuke of the Fed's current policy to continue raising interest rates. Though, it's really more like "nudging" rates up at a snail's pace. Gold shot-up in price immediately after Trump's ill-advised comments recorded on CNBC it the tape, more than offsetting a vicious sell-off in the gold price that occurred in the paper derivative gold markets in London and New York. The Office of Management and Budget further revised higher its Federal spending deficit forecast for FY 2018. The original forecast was under $500 billion. The latest forecast is nearly $900 billion. Without a doubt, we believe the spending deficit will top $1 trillion this year. The point of this is that Trump's remarks were likely directed at pushing the dollar lower as part of the escalating trade war. That, combined with a Government budget that will soon spiral out of control - and thereby necessitate a flood of new Treasury issuance - will likely force the Fed to reverse course on its monetary policy which in turn will send gold soaring in price. We explain why on the latest episode of, WTF Just Happened (WTF Just Happened is a produced in association with Wall St for Main St Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We have 40 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**