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Re: Tommy Two Times post# 3892

Wednesday, 12/07/2016 6:47:02 AM

Wednesday, December 07, 2016 6:47:02 AM

Post# of 19237
Yes, and after the U.S. started running out of gold was when FDR decreed that everyone should trade in all their physical gold back to the government AND as you note the Fed raised rates into a very weak economy that just exacerbated the problem, hence the depression. I think they're attempting to do the same thing now, raising into a still weak economy.

I agree with you that it goes against reason that the U.S. economy can grow at a 3-4% clip when the rest of the world is in recession and the U.S. Fed wants to raise interest rates. Who's going to buy anything from us with USD this stong? No one, so exports are going to suffer until we see some dollar weakness. If Trump starts imposing tariffs then we're repeating history here.

Sadly, for the government minions they can only claim the soybean exports were good one time every year. That excuse has already been used now. LOL