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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: NOW who wrote (54201)1/4/2001 3:18:13 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
i agree, the reasoning is sound. i especially liked this:

<<As we explained earlier the Fed’s “success” in “fine tuning” the economy and the financial markets in the US, was achieved by destabilizing incomes and wealth in other countries. >>

this is in short the current account/trade deficit. it sucks overseas savings into the US, and it has made funny green paper the main US export.
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