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July 09, 2013, 07:55:40 PM |
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Commodities react to inflation this way, I'm not surprised, you'll have seen gold has also risen back up to the thousands and analysts like on CNBC are quick to claim it's nothing to be concerned about, if you look at the other stuff like the financials, DOW etc. they're spiking as well, this is inflation at it's finest, you see a completely unnatural spike, why is it unnatural? We were supposed to be fucked before, the federal reserve has been acting in the background to boost the economy and everyone has started buying precious metals up in particular in response.
Another crash is coming soon, just you wait, it will be interesting to see what Bitcoin will do, the long term problems haven't been fixed and money printing is just a way of making the numbers look good for a short while. Peter Schiff also rightly pointed out recently that the jobs people have been getting are part time jobs in hotels and bars mainly and you can't export that to increase the productions and give strength to the currency you trade in.
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