Some of us may remember F Scott Fitzgerald's novel about the opulence and greed of the roaring 1920's and with Steve's comments today about the parade of wealth at dinner time one cannot but see the parallels of then and now A huge yawning wealth gap has occurred now fueled by the decade's long Fed policy of QE(…
Some of us may remember F Scott Fitzgerald's novel about the opulence and greed of the roaring 1920's and with Steve's comments today about the parade of wealth at dinner time one cannot but see the parallels of then and now A huge yawning wealth gap has occurred now fueled by the decade's long Fed policy of QE(money printing) to keep the spendthrift government afloat coupled with cryptocurrency speculation Vast amounts of wealth have come about due primarily to these 2 factors and have devalued the fiat dollar to 95% of what it was in the 1970's America is awash with valueless dollars that are buying less and less for the average middle class American
Now witness the dollar trade slipping below 100, equity market fixed with uncertainty, and the Orange Cheeto's tariffs(1931 Smoot Hawley anyone?) History will take care of the Nazis and Cheeto just as it did in the 1930's
History doesn't repeat itself but it certainly rhymes Word to the wise Use your inflated dollars to buy real money which is gold or silver NOT crypto There's going to be a massive wealth transfer in the next 2y
The Great Gatsby and Today
Some of us may remember F Scott Fitzgerald's novel about the opulence and greed of the roaring 1920's and with Steve's comments today about the parade of wealth at dinner time one cannot but see the parallels of then and now A huge yawning wealth gap has occurred now fueled by the decade's long Fed policy of QE(money printing) to keep the spendthrift government afloat coupled with cryptocurrency speculation Vast amounts of wealth have come about due primarily to these 2 factors and have devalued the fiat dollar to 95% of what it was in the 1970's America is awash with valueless dollars that are buying less and less for the average middle class American
Now witness the dollar trade slipping below 100, equity market fixed with uncertainty, and the Orange Cheeto's tariffs(1931 Smoot Hawley anyone?) History will take care of the Nazis and Cheeto just as it did in the 1930's
History doesn't repeat itself but it certainly rhymes Word to the wise Use your inflated dollars to buy real money which is gold or silver NOT crypto There's going to be a massive wealth transfer in the next 2y