Loading ...Talking to a Monex dealer today, very interesting. The physical buyers that take delivery, are buying, the speculators are selling like crazy. He said the speculators always buy like crazy on highs, and sell like crazy on lows. Seems they store the speculators bullion for them, or something like that.
The central planners are simply barking up the wrong tree. They obviously don’t know whats wrong, or they DO know what’s wrong, and fixing it goes against their special interests, or are too proud to admit everything they mandated in the past was a mistake.
Like for ONE, objective was getting general wages lower in the USA, allegedly to cool the so called inflation of the 1970s. But truth was big business wanted more profit, and soon after started out sourcing jobs for profit.
1979 news:
Ford Pinto blows up when rear ended.
GMC or Chevy Pick Up blows up on T-Bone hits.
Chevy Corvair, “unsafe at any speed”.
“We don’t want those dirty air polluting factory jobs”
“The US consumer will glean cheaper high quality consumer products.”
“Free Trade will create more jobs for Americans”
Before all that, car companies to compete, and encourage buying imports, they stared building US cars with lesser quality, and used imported recycled steel, to make more profit, and make sure they rust out so you never buy another USA made car.
They NEVER gave an honest CPI, constantly under reported cost of living index, to keep pay raises low, social security minimum wage etc.
And now these BOZOS running things, think low rates, lower taxes, and mass psychology will fix the lack of consumer spending.