hmm. gold went up due to a weaker dollar in the first place. why doesn't the fed contract the money supply?
one problem ~ oil supply. I believe can be temporary...fuel from algae DOES look realistic and promising in the near term.
the other problem ~ i remember gold at 300...if the fed did contract the money supply that price would come back, or something near it. And contract the money supply is what the Fed did after the 1929 crash...if any meaty connection can be made i'm not sure.
they've been crashing the dollar to usher in the Amero. possibly.
Until we get abundant energy, we can count on destabilized markets. And our screwed up currency doesn't help...and if the nations of earth get tired of paying for their oil with dollars, we could have another problem...
Tuesday Outlook: Commodities, Emerging Markets [View article]
one problem ~ oil supply. I believe can be temporary...fuel from algae DOES look realistic and promising in the near term.
the other problem ~ i remember gold at 300...if the fed did contract the money supply that price would come back, or something near it. And contract the money supply is what the Fed did after the 1929 crash...if any meaty connection can be made i'm not sure.
they've been crashing the dollar to usher in the Amero. possibly.
Until we get abundant energy, we can count on destabilized markets. And our screwed up currency doesn't help...and if the nations of earth get tired of paying for their oil with dollars, we could have another problem...
Thanks Fry ~ always insightful