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Re Gold falls sharply as Fed’s Powell raises potential for more aggressive interest rate hikes

Posted by Mr.Copper @ 14:06 on March 7, 2023  

That statement made me think. When Obama was in, the fear of more gun control made people go out and buy more guns ahead of time. Obama became known as the best gun salesman ever. Well the Media advertising a lower Gold price might lead some people to go out and buy some before it goes back up. Like the Obama thing, getting the opposite, what they are trying to resist.

As for the so called slowing economy, I think they are full of crap and trying to jaw bone and mentally create a slowing economy to slow inflation. Meanwhile they may be under estimating the wherewithal of millions of people making good money and not reporting it for taxes.

And the bozo Powell kept saying how they have been maintaining a stable value dollar? Wait I gotta put my rubber boots on. After WW II my father came home and in 1945, and bought the house up the street from me, for $5,000.

That house today is $500,000 or 100 times more “stable value”? paper money to buy it. My uncle Charlie bought a new cheap model 1950 Chevy it was $1,000. Heavy gauge premium US made steel. Today that cheap Chevy is probably $50,000 with a NINE 9 speed transmission? and who the HELL wants it?

With all the complicated computerized electronics and the thin recycled imported steel that rusts out. And if something ELECTRONICALLY goes wrong with it after the warranty expires? You better have a movie stare income to fix it.

The idiots can’t win.

I forgot about those bright white light headlamps that go on and off. And the stupid engine shuts down and restarts when stopped at a light. We really need Trump and like minded people running things. Its a  total disaster what happed here after 1970, (even after 1913 depression/wars a go go) and the bozos are concerned about the climate??? Geez whats next with the lunatics in charge?

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.