Government intervention. Money printing. Unemployment. Fed loaning to European banks. Everything the govt does to try to fix turns out worse ... back then it was trying to prevent deflation in wheat, cotton, etc. Now we are seeing the same thing with oil. Govt trying to prevent failure everywhere. An eye opener. Took a war of massive destruction to come out of it.
Every 40 years the world leading currency is "dumped." Some people think somehow we will never change and we are immune from such a possibility. The "old dollar" is about to change for better or worse. Most likely worse. In any event, play the hand that is dealt you. There will be a wealth transfer, so I play my cards accordingly.
Every 40 years the world leading currency is "dumped." Some people think somehow we will never change and we are immune from such a possibility. The "old dollar" is about to change for better or worse. Most likely worse. In any event, play the hand that is dealt you. There will be a wealth transfer, so I play my cards accordingly.
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