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Pastimes : True Confessions -- Admit it -- you bought that stock
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To: yard_man who wrote (398)5/3/2007 12:56:20 PM
From: Real Man  Read Replies (1) of 990
 
When Ben talks, you better listen, and he told us all the
way back in 2002 he has a printing press and he is not
afraid to use it. So, I just expect Ben to

1) Print a lot
2) Keep interest rates way below inflation

... which was exactly what he has been doing. Some fear
tough Fed, but they only talk tough, to kip a lid on the
dollar decline. Tough Ben? That will never happen. Ben
so far has been much, much easier than even the easy Al.

Will it be relevant, given the huge debt out there? Who knows.
So far that debt keeps expanding. Such are exactly the
policies that lead to currency fiasco. Some day the market
will wake up, and will not believe words anymore. Then
the dollar will drop, and ANYTHING the Fed says or does
won't matter. I don't think Ben Fed will ever stop printing,
they will need a totally new Fed for that. We'll have our
hyperinflation, and a total dollar fiasco.
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