Loading ...Wage and price controls are still here from the 1970s but more stealthily administered. The way I see it the gov’t and big business together control everything, especially labor and materials, for their greater good, until the distortion gets so out of whack, they lose control when the DISTORTION tries to right itself.
Like a Toyota getting 28 miles per gallon to the point of impact and ball of fire, the control freaks had control until Joe Sixpack stopped making mortgage payments.
This chart is a simple view of them having trouble with control.
Copper $1 plus minus .50 cents ’71-’04 control, after ’74 trouble.
http://www.mrci.com/pdf/hg.pdf
Gold pretty much same thing until ’04.
http://www.mrci.com/pdf/gc.pdf
Cattle, same:
http://www.mrci.com/pdf/lc.pdf
Oil same:
http://www.mrci.com/pdf/cl.pdf
They all look the same. Armstrong is a barbarous relic regarding the history of the economy and how it works.