That’s right, it’s our old friend commodities. Silver is up 34% this year, while gold is up 13%. Copper is up 25%.
Money printing causes inflation and hard things which you can drop on your foot have intrinsic value. They go up when the dollar loses value.
John Maynard Keynes is quoted as saying:
“Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.”
One wonders if they are doing it on purpose.
All the best,
Christian DeHaemer
Outsider Club
