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Captain Hook @ 9:40 That book must have been written in 1975

Posted by Mr.Copper @ 12:34 on November 1, 2020  

re Part:

“Western financialization of the world will take a backseat to the growth of third world economies, with China at the lead (emerging out of third world status), and why the commodity supply / demand curves guarantee an increasingly favorable future for silver, gold, and the essential commodity table.”

Comment:

The trend in the above part in my opinion, ended and went into reverse after the culmination and failure of globalization in the summer of 2008.  And like what they say, what goes around comes around? Now its America’s to be on the receiving end.

The growth of third world economies, and China ended in 2008, and rock bottom for USA ended in 2008. And the increasingly favorable future for silver, gold, and the essential commodities in 1975 also made sense.

However after the gold de-peg in 1971 (tipping point) the USA actually started declining back then. Interest rates went from 5% to 21% prime to save the crashing dollar and kill rocketing gold, $140-$800, Gasoline .25 cents to $1.30/gal.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.