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Strategies & Market Trends : The coming US dollar crisis
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From: Real Man5/8/2007 6:58:31 AM
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"Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. "

Current US Fed Chairman Ben Bernanke, 2002
federalreserve.gov

Ben certainly has acted upon it - the record printing of US
currency has commensed since he assumed the post of the Fed
Chairman. Gold price soared. I disagree with our Fed Chairman -
USD is certainly NOT like gold. Gold cannot be printed, it
has to be mined, a difficult and costly process.

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