Loading ...That story naturally sounds logical by seeing whats been going on, but I myself don’t buy it. Because to me it already happened. The bankers after 1913 gradually “weaned” capitalism and Gold as money, from the system, and gradually rotated to unlimited increases of fake money supply. Gradually stocks bonds and real estate became the “money supply”.
It worked great to finance WW I, the roaring 1920s booms in steel oil auto and aircraft production, WW II, Korea, Vietnam, Mount Rushmore, the US highway system, Bolder Dam, the moon landing, the shuttle flights etc etc etc I can go on and on. Nothing good lasts forever.
It worked but they have been losing control of things after 9/11. Everything they do is defensive. They have no forward plan they have not yet announced, like “don’t worry we have a new stable value gold backed currency and all countries will produce their own needs”. No more “a world that lives as one commune” Its more like all falling apart on THEM more than falling on US.
Also note, prior to Jan 2022 that the fed was fighting deflation, trying to maintain 2% inflation. I posted, with all this talk of inflation hysteria, don’t be surprised to see a massive deflation. Which would be a reversal of the past 100 years of inflation. Its a long story. Around Henry Fords time, wages were $2.50 to $5.00 per DAY. These days you need $200 a day, 40 times more dollars. Just from 1975 we need 20 times more money per day. For cars houses etc.
The idiots are losing, lets be happy.
BTW. My friends Guru flashed a buy on GDX and SLV this morning.