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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Archie Meeties who wrote (90829)1/26/2008 8:04:58 PM
From: 10K a day   of 110194
 
> "that the Fed can print in TRILLIONS" <<

They don't really do that. The Fed prints a buck to lend to a bank. IN TURN the Bank creates 10 (borrowed) dollars from thin air from that one dollar borrowed (from the fed). So the BANKS essentially create (M3) with the stroke of a pen. The 10 to 1 Ponzi principle. Kids and immigrants don't seem to have a problem with this principle.
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