Loading ...The Fediots were behind the curve when they finally started raising rates. Guaranteed they will be behind the curve raising them, if inflation overrides inadequate rate hikes. On the other side, if the Fediots cause a deflation, AU and AG will still attract investors losing confidence in the financial leaders. Remember, the last big deflation they raised gold by 70%, obviously it must have been trading above the official $19 raised to $34.
When the Fediots removed the gold backing in 1971, it was $34 since 1934, stupid asses. It was trading privately at $140/oz. The foreigners were having a fucking field day screwing the USA, gobbling up our gold at $35 thru redeeming exported dollars sent back to USA for gold via our alian pro foreign govt that got in after the war. This is all simple crap that should be taught in high school.
After we stopped redeeming gold for $34 when it was worth $140, they started taking away our industrial base instead after 1971. In the beginning, USA was the only capitalist country on a socialized planet. And all the other countries fleeced us, took advantage. There is nothing left to take after 2008.
They can only get fake printed money now for US grants subsidies, foreign countries like Ukraine et al until the excess Dollar binge hits a tipping point and evaporates. Try to imagine all those people trying to bail out of the Dollars and jump on gold at the same time.
And YOU want to buy a foreign car? Not me. I won’t even get in on the passenger side.