Loading ...That’s what I was posting about below. The fed dropped the Dollar to 72, Oil inversed to $145/bbl. Bingo. Mal-investment. Over betting lead to over investment, led to over production after the innocent outsiders who “got in” on the higher price.
The over production and higher price was GOOD for consumers and business, because prices dropped to $28/bbl, now $40. The system like to screw some producers and many savers.
The GLD things got the innocents (who got no gold after buying it) unwittingly financed a huge gold hoard in London, for the gov’ts and banks to feed on and in the next crisis, they won’t have to ban ownership.