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Bill Fleckenstein recommends gold above all as a hedge against money printing from the Fed and the ECB. In one or two years you'll be thankful, he tells King World News : Tomorrow the Fed is probably going to bring QE3 and meanwhile Europe is in a state of disarray. All of that will sort itself out...
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The good Doctor asking Ben's take on if gold is money and why it's held in reserve. Not like we didn't know this but, you know... http://www.youtube.com/watch?v=2NJnL10vZ1Y
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Here's a post I saw on Yahoo! Answers the other day I haven't considered it yet, but what does happen next? This post jumps out: "If Ron Paul holds the view that abolishing a central bank is a good idea, then he is even more naive than I gave him credit for. Money has the property of collecting...
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Can he? Supposing Dr. Paul gets elected president how would he be able to end the FED? There are tons of people who have an incentive to keep the FED around that he'll have to go against. It's just him and a handful of others in DC who want to end it. Do you think FED ending is realistic?
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I'm not saying you're wrong, but I have a few questions. 1.) If the capitalist only ever gets $1100 back, what is the point? That's what he started with so why keep getting the same amount? 2.) What is to stop the capitalist/bank from charging 50% interest? If they did that, would your example...
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I know this must have been asked before, but it is a topic I still cannot wrap my mind around. From start to finish, how does this happen? Who gets the money? I know it has something to do with the Fed buying securities of some sort, and the money used to purchase them is created out of thin air. But...
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Hi Everyone, I'm drafting a letter to my friends and family about the coming inflation, but I want to be sure I have my figures correct. Feel free to check my math and critique away. Likely M3 pre-QE1 and QE2 The last known M3 was reported as 10298.7 billion by frederalreserve.gov in Feb 2006. I...
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From yesterday's WSJ. ---------------------------------------------------------------- By ALAN S. BLINDER Ignorance is not bliss, especially when your economy is faltering and sound policies are badly needed. For months, we have witnessed the spectacle of people arguing that Keynes was wrong. Somehow...
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I was following the LiveBlog on WSJ. Here's a link to the FOMC statement.
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FED came into existance in 1913 for the purpose of controlling the money supply by lending to banks at higher or lower interest rates. I just read from wikipedia that this interest after expenses goes to the treasury. I think this interest must be a LOT. What does the treasury do with this amount? Case...