1929 Redux – Correlation and Coming Correction

If history doesn’t repeat itself, it may just rhyme. I don’t like to try and predict future events with dates attached but for the good old USA and possibly the UK, Japan, Euro et al time maybe up on hiding economic facts. Unless asset prices keep inflating beyond all previous known records and models, anything is possible when all markets are manipulated and controlled, then a correction maybe on it’s way.

Wash, rinse and repeat.

“Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: ‘Account overdrawn.’” – Ayn Rand



2 thoughts on “1929 Redux – Correlation and Coming Correction

  1. This is quite a striking correlation the bubble is going to burst, we are in for one hell of a roller coaster ride. You know I hear about how much gold and silver China is buying up but I have no idea how much the US is buying, I would like to know.

    • All bubbles burst and by design. The US is not buying gold, when they defaulted in 1971, they turned it from a monetary metal and into a commodity. The US, IMO, do not possess their stated 8,000 tonnes. We are witnessing the greatest wealth transfer in our history and gold is heading East.

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