Loading ...After the global banker quacks lowered the dollar, oil prices naturally inversed upward, gasoline was like $4.50. In general when prices are artificially higher,
producers tend to over produce, while investors over invest, and over hoard, while CONSUMERS gut back, and a slow motion BINGO or tipping point arises. Leading to flooded markets and lower prices until the reverse happens.
Low prices, leading to less production, off loading investor hoards, and higher consumption and more waste because “it’s” too cheap.
We are in a similar position to the ’92-’00 strong dollar policy. Every THING got too cheap, a deflationary blow-off for Americans. Little George had to put a tariff on steel and lumber it got so cheap, until the lower dollar after ’00 got prices higher later.
Wage and price controls globally are still alive and well, but TPTB are having problems now. Accumulation of error.
Forget all the Media stories about the Arabs punishing American produces, or Americans punishing Russians. Russians and Americans are not in control of the GLOBAL economy that is falling apart all around them.