Post by
deepthinker63 on Sep 26, 2023 1:59pm
Gold to $1700
External dollar shortage forcing central banks to dump hard assets like gold. Long term response is de-dollarzation, but that won't solve immediate issue.
Comment by
Ungawatcher on Sep 26, 2023 2:13pm
Lots of dollars, however all the Central Bankers have been running their printing presses for too long, diluting the currency and making stuff too expensive. This exerbated more industrial consolidation, which generally means less liquidity for the ones that are living paycheck to paycheck.
Comment by
Ungawatcher on Sep 26, 2023 2:24pm
Since 2021 when the U.S. became more dependant on very expensive over-seas crude and not as dependant on less expensive North American, not only has mototist lost purchasing power, those dollars aren't rotating as much in North America and rotating more freely over-seas. When motorist cut back on their demand, overseas cartels cut production to maintain high prices.