Loading ...@(Maya) 19:53
(Mr.Copper) Jun 18, 22:31
Re Your…”It’s that 70s show all over again… inflation!”
I just sat down here and caught that note. I used to think the same thing at the beginning of this pm bull market, but after putting more thought into it, I feel it’s much different.
Basically, in the 1970s USA had too much work and not enough people to do it. Plenty of overtime too.
Between making our own TV’s clothes cars etc, and all the Vietnam stuff, moon landing plus a smaller percentage of women in the work force, you could quit your job and get another within 20 minutes at higher pay.
The excessive fiat was buying stuff, and driving prices. They needed a high interest rate to force people to stop spending, and park it in the bank at 18% with a CD.
The master planners (stubborn lazy minded idiots) are now forcing people to take money OUT of the bank, and SPEND it. (ie zero rates).
“If you have no money in the bank? BORROW some please, and spend it. We don’t even care if you don’t pay it back! Do your civic duty. Come to our rescue.” 🙂
The situation they have now is “unique” to say the least. Too many people and no excessive amount of work due to modern manufacturing methods, spouses in workforce, and products being imported.
I think its more like 29′, and it may be US only, not the whole planet.
However, I’ll exaggerate to make a point. If the dollar index crashed to zero against ALL other currencies, and dollars would only be acceptable domestically ONLY? (blocking all imports)
Then the world would have depression, and WE would be booming. 🙂
I’m very positive on Gold though, and I DON’T think it needs “inflation”. I think it’s under-priced, and will just gain popularity as a store of wealth.
People will wake up some day, and realize that real estate, with its lack of privacy, and taxes EVERY year, is a poor store of wealth.
When you own property? You may as well give your credit card to the local yokel tax office. You don’t own that property. They will let you work on the place and make improvements, and tax you more.
Gold is where its at, the end game, or why would THEY be hoarding it?
Today Comment:
The USA did crash in ’08 and took all the other nations down with us, like 1929. After the ’08 crash TPTB stimulated even more with bailouts and QE 1 and QE 2 etc. The way I see it they concentrated on propping up the USA first, until around 2013-14 along with Gold peaking around $1700. At that point, whoever “they” are, decided to RAISE the dollar (drop gold) and rotate help back to the other nations they call the global economy.