Thursday, 1 March 2018

Mirror-image?..............from Rico

Comparing the US Debt-to-Gold and the 1929-1933 Great Crash struck me as mirror-images of each other.
- The Sep 1929 market capped a ten-fold increase over nine consecutive years...right before the Nouvaux Rich became the Nouvaux Broke.
Too much 'leverage' aka 'margin' [read: debt] will do that to you when it is 'called.'

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