Loading ...Note: This may be a different Goldilocks than the one we have now. The old Goldilocks was a retired stock broker.
(goldilocks) from Stephen Leeb: 21:31
(Mr.Copper) Mar 21, 22:44
Part:
“But if energy continues its trend, it’s only a matter of time before inflation catches up. Historically, when energy costs approach 10% of economic output, they provoke severe increases in inflation.”
Remember the 75′ to 80′ inflation run? The cabal’s media was drumming it into the public’s brains, day after day, that the cause of inflation was higher wages and labor unions.
They even had a name for it…”The wage price spiral”.
I wonder if they have the nerve to wheel THAT one out again. They even had auto union members feeling guilty about themselves.
I believe that era turned a lot of people against American cars, whos quality was dropping fast since they had to compete with exchange rates and foreign subsidized auto makers.
The poor US auto makers, to save money were even using imported reprocessed steel and the cars were rotting out in a few years. The 71-86 models were the worst.
In 1967 I had a used 54 Buick. It was an indestructible tank. With 1/8 in thk chrome plated steel bumpers. It had a one-speed trany they called Dynaflo.
It was like driving down the road on your sofa. :)You couldn’t even hear or feel it run. I traded it to my landlord for a 32′ cabin cruiser, custom built in 1917.
Soon after got he got into a very serious accident, a bridge abutment I think it was, and said he was glad he was in that Buick or he never would have survived.
And now that I’m on the subject, higher energy prices are NOT the cause of inflation either. Will they use that one next?