Loading ...I listened to some of it and noticed around the 9 minute area, he said Oil went up because of an embargo. He totally forgot to mention that everything went up after 1971 when the US Gov’t was forced to remove the gold backing off the US Dollar. Gold silver Oil etc etc.
Forced, because of too many domestic complaints about letting Europe keep on redeeming our Gold at $34 when privately it was selling for $140/oz. Naturally, after we cut them out of taking our Gold away, Europe et al started taking away our industries instead, after 1971.
I’m not an Armstrong follower but did Armstrong ever say what I’m saying?