PING
Agree that creating a couple trillion dollars from nothing ain’t good.
However, there is this. Fracking creating 50-100 trillion dollars worth of US hydrocarbon reserves and promised oil independence in less than a decade. All that from nothing. That ain’t bad.
By my reckoning these two balance each other out.
This new balancing is the internal reason why gold is declining and the middle east is quieting.
You gotta think of oil gold and the dollar like paper scissors rock.