Loading ...I could be wrong but I think their greed and power trip didn’t see what was coming when they made a mess out of the Mid East. First Gadaffi then ISIS out to get Syria funding them as well as Arabs to get their pipeline has caused a wildfire that’s even going after them too. When they can take multi wives and have 20 kids each they are now having us support and probably want the money to send back home quality life means little to them. They’ll just keeping having more, a lot more. With the crisis there like in WWI and Two money moved into dollars away from the war. Back then one brought the market down and actually caused the markets to shut down here. Banks were freaking out. Gold backed dollar then so they were cashing out for gold the universal money or value compared to possibility their dollars would be no use or could identify where they were from if they moved or not accepted. Can only guess.
This fine gold not being backed it’s moving to safest currency USD and the stock market away from currency and banks with also low or negative interest rates. Seems to me they were too stupid to see it coming. To make it worse they are being pressured to raise interest rates. So more pain coming including the emerging markets. This will most likely cause the unraveling and meanwhile they will have to look for someone else to blame as Armstrong pointed out and also mentioned the rising interest this time will drive markets up and where gold will come in.