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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (168868)	2/23/2021 10:02:42 AM
From: ggersh	Respond to of 219198

She's a youngster, the real crash happened in 08 or does she think giving the banks $27 tril reflect reality? Or then again was she around for the selling off of Gold by the CB's to buy worthless treasuries/securities Highly-respected economic analyst Stephanie Pomboy of MacroMavens.com notes that the discrepancy between today's record financial asset prices and the underlying economy they're supposed to reflect are the farthest off she's ever seen in her entire career. One can say markit topped in the nineties using Gold as a reference bbc.com This view that gold no longer glistened was underlined in a New York Times' editorial in May 1999, headlined: Who Needs Gold When We Have Greenspan. "Dollarization... amounts to a sort of a gold standard without gold," it said. In other words, Federal Reserve chairman Alan Greenspan and the US dollar were the new backstop. (The article did caution, though, that this could all change "if it turns out that central bankers are not the geniuses they are now deemed to be").