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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG (MODERATED)
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From: Tommaso10/22/2013 4:25:20 PM
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Here's the Wikipedia condensed version of what the Fed has been doing: "Central banks in most developed nations (e.g., the United Kingdom, the United States, Japan, and the EU) are prohibited from buying government debt directly from the government and must instead buy it from the secondary market. This two-step process, where the government sells bonds to private entities which the central bank then buys, has been called 'monetizing the debt' by many analysts."

The U. S. government, then, is being made into a debt slave by the banking system, just as they have entrapped numerous people. It's not much different from what money-lenders did to Louis XIV and his successors in France in the seventeenth and eighteenth centuries. The Fed has created an overdraft account and the government has drawn on it instead of collecting taxes. A legion of Keynesian economics use complicated arguments to make this sound like a good idea.
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