Keiser Report | Inflation Rhymes with the 1970s | E1651
Remember the “Uptick rule” or “Glass Steagal”. No ? I do. They existed once. For real.
We are are going 1970’s with a difference or two. The farmers in Kansas knew the story, they created the fairly tale actually, and knew who the wicked witch of the east was. A fairly tale was a great way to transmit knowledge, with out individuals being recognised and persecuted for spreading the truth, as “big money” would come after them., protecting their interests. As such private interests do.
Bill Gates has bought up a lot of USA farmland recently btw, just thought I would throw that tit bit out there.
Basically the 1970’s are back today imho, with a few differences.
The yellow brick road is ok, the silver shoes (forget hollywood stuff for the moment) is good, but lets not overdo the indoctrination and intervene with a little crypto art.
William Jennings was against the gold standard as it allowed monied private interests to hoard the gold and keep the masses impoverished. Gold was effectively used as the medium for all trade. Britain imported cheap wheat from America to feed it’s industrial revolution and Empire. Thus those who had the ability to hoard gold held a stranglehold over the American farmer. Jennings supported “bimetallism” where silver was also used to back the “hard currency” of the day. Hence, in the fairly tale, Dorothy had silver shoes creating flexibility and allow the masses to trade more easily and make them less dependent on the gold hoarders.
And lets finish on some visuals. Careful of those dinos ! They have big sharp teeth, and deadly saliva. It’s like playing with oversized Komodo dragons . Note the cautionary comment in this post. GME is whats known in military terms a “come on” in all probability. GS = Goldman Sachs of Greece (and others) fame.
According to some chat around this post, one of the biggest short positions is in Silver. Max Kaiser tried to squeeze the silver shorts on at least one occasion. Failed. I have my own thoughts on these volatile times.
This was published on the 13th Jan 2021 about Qtr 2, 2019. It’s suitable to post it now, post the USA election. from my perspective.
I think this is the song referred to in the interview.
Oh, I left at least one super hero out in my last post. Posted several times on the thread over the years though. What is it with these Americans ? Who invented the Internet ? Thank you Canon Aickle. A hat tip to all.