Tag Archives: Robber Barons

Robber Barons Blew Commodities Bubble

2011 6-1 Roughlock Falls, Spearfish, SD (26)With global workers increasingly squeezed in a tightening vice of asset deflation and commodity inflation, the Wall Street Journal reported in 2014 that a single trader owned ½ the planet’s copper.  Stashed in a London Metal Exchange (LME) warehouse, its owner was said to be J. P. Morgan Chase.  Continue reading