Loading ...The masses figured Cryptos were the perfect replacement for Gold. Bon apatite. They got fooled. Think about what would have happened or how the system would have evolved without Cryptos?
The everything bubbles would have been a LOT bigger, and the Fed Res and US Gov’t would have been very embarrassed with $5,000 Gold and $200 Silver and all the other base metals like steel and aluminum would have been a lot higher.
All the price and value manipulations are and have been coming home to roost. By the way, new cars are artificially cheap for decades. Especially light duty vans and pickup trucks. My first two new cars a 1963 Tempest and a 1969 Camaro were about $1/pound. They were both cost around $3000 and both weighed around 3000 lbs.
Everything is 20 times more now. TWENTY. So a 3500 pound car should cost $70,000. Winchester used to sell a rifle for $1 figuring you would buy the ammo. Probably the same logic with these publicly owned gov’t regulated car makers. Keep the cost low and the whole system will benefit. Sales service repairs and parts.