About the same time James Carville told Billy boy, “it’s the economy, stupid”.
From that point on, gold was demonized (through the Bre-x fraud) to help Uncle Buck with no inflation. Declining interest rates became defacto without the govener of gold adjusting risk. Everybody feels wealthier, Clinton gets re-selected.
Lessons from Volker on his mistake of not curtailing gold, honest money and more importantly, wealth, to suck in the sheep and continue the Ponzi.