Loading ...I remember back in 2001, same THING! They were DYING for inflation after 21 years of commodity deflation. (1934 too) The Dopey/Dollar was at 120, interest rates 18%, commodities were too cheap, producers here were closing up, little Bush put a tariff on steel and lumber until their manual lower dollar kicked in.
I remember thinking…..What good is getting steel higher, causing higher automobile (and other things) prices, won’t help sales. Silver was $4 Gold $250, Copper .46 cents, diesel #2 .42 cents,
This time it was only about 3 years of commodity deflation. Action re-action. I think TPTB screwed up in June 2014 jacking up the Dollar, and dropping the Euro, just to help crybaby Europe. They are LIBERALS. They EXXAGERATE everything. Remember PIGS media scare tactics baloney???
Pushing Dopey back down, is like removing the punch bowl from Europe. They didn’t deserve it in the first place. They only had 6 bad years 2008 to 2014. We went down 33 years 1975 to 2008.