Loading ...I knew that a long time ago. I made many posts about it on G-Eagle forum. The problems for them were exposed or started back around 2001 when the Dow Gold ratio peaked and rotated.
The dopey/prices dollar was so high at 120, that Gold was $250, Copper at 46 cents. Steel was free. Futures Diesel was 42 cents, retail gasoline .99 cents with loads of taxes already on it etc etc. Silver .92 cents
When little George got in they raised tariffs on imported steel and lumber, and started dropping dopey/dollar down from 120 (prior strong dollar policy) to get prices higher or EVERY USA producer would have folded.
Long story, I said it all LONG ago. Dot com crash…..9/11/01 crash…..Then zero rates to pump the real estate and retail spending…..It worked until real estate crashed in 2007.
Then more baloney….Zero rates, again. Cash for clunkers, made US taxpayers give up $4000 for old bombs worth $800, and then made everybody buy a new imported Jap, German, Swede car etc etc. Everything got over bought.