OTCPK:KRCLF - Post by User
Comment by
NineLiveson Apr 29, 2023 11:09am
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Post# 35420758
RE:Interesting chart
RE:Interesting chart There are many, now in positions of central bankers, that endorsed this 'new age' of low rates, cheap labour and exceptionally under priced goods. Some of the earlier speeches are mind boggling and many of these people are now in high trusted positions. At the time a few of us discussed it and came to the conclusion these economists/Harvard graduates were living in cloud cukoo land ! Many of those speeches were made between 2012 to 2015.
But you never hear those same people apologise and say 'look we screwed up we will do our best to fix this mess we made'.
No, they keep collecting their inflated salaries, printing money and most know when the real poo hits the fan they'll be long gone or living on the Virgin Islands.
This isn't paranoia this is actually what's happened. If you read the latest Fed supervisory report about tightening scrutiny on banks there are already push backs from certain politicians saying no more regulations. What a bizarre response. Pull and push, tug and pull the circus continues.
All this bodes well for Gold as debt levels become unsustainable especially when unemployment rises faster than anticipated. It's every person for themselves right now.
Gold stocks will benefit when investors herd mentality kicks in as the precious metal climbs further. JMHO.