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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (100517)5/8/2001 3:29:06 PM
From: SouthFloridaGuy  Read Replies (1) of 436258
 
It would seem it is no different than the 1930's then, where interest rate hikes were used to stem gold outflows.

This time, instead of gold, we use floating exchange rate dollars and inflation.

This is the thesis I have thought all along. History is bound to repeat itself.
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