The Federal Reserve has become more aggressive again, after several years of acting docile...
Growing #Dollar Demand, #Silver Weirdnesshttps://t.co/l6ZyZxvz4k
— Money Metals Exchange LLC (@MoneyMetals) June 16, 2020
Growing Dollar Demand, Silver Weirdness
More is expected to come. So, needless to say, more of what people call inflation—that is, rising prices—is expected to come. Never mind that in 1983, a pair of Levis 501 jeans was $50 (Keith remembers paying that price at that time) and today, the price is $35.70 at Levis.com. After 37 years of relentless—and increasingly rapid—increase in the quantity of dollars, the price of blue jeans has dropped 25%. Did we mention that crude has had not one, but two crashes in the last 6 years?
As an aside, when critics of the Fed give the impression that the main evil committed by the central bank—if not the only evil—is to cause prices to rise, and then prices do not rise, they give the impression that the Fed is doing alright. It’s not alright, as this chart shows.
