Post by
geezer21 on Apr 21, 2022 10:21pm
Federal Reserve Chairman Jerome Powell Speaks
Notice that after Federal Reserve Chairman Jerome Powell spoke today about raising interest rates that while stock markets sold off that tangible assets like copper, oil, gold, natural gas etc., did not drop in price. They maintained their value.
Raising interest rates is to prop up the USD. It is not prices that are rising but it is dollars that are devaluing.