Loading ...In the 1970s when all the smart people and their grand mother (a small group) were buying Gold and Silver as inflation hedges, to protect themselves against inflation, or falling value US Dollar, the Idiot Bankers kept raising rates lock step as Gold and Silver were doing great, but behind the curve until they got them to 21% on the prime rate. (AU $140-$800, AG $1 to $50)
This time? 1980 to present? After 1980 the masses of the population gradually got smart and unwittingly started using Stocks Bonds and Real Estate as inflation hedges. But this time its “hands off” on stopping the regular masses. Evidently higher precious metals made the US Dollar look bad, and they didn’t want that.
But after 1980 US Dollar has been losing value against stocks bonds and real estate, but thats ok, because most of the population is not using precious metals, the Dopey/Dollar looks great?? Why aren’t they taking away the punch bowl? LOL they did it to us, a minority group quite often.
Globalization a big stupid thing that is getting found out, is vulnerable just like the thin weak floor boards that made the Trade Center fake buildings vulnerable to fires. They wanted open floor plans, didn’t use 4 square 1910 codes. A sturdy center and perimeter, secured together by the crappy floor boards. Note a “world that lives as one” all get sick and broke as one. Independent self reliant countries was safer.