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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: glenn_a who wrote (86701)	9/20/2007 8:25:17 PM
From: Joe Stocks	Read Replies (5) of 110194

Chairman Bernanke just answered Texas Representative Ron Paul's question about the "moral justification" for devaluing the US dollar, by saying that the "value" of the currency can also be measured by what it can buy domestically, and so the Fed will watch the inflation rate and "make sure" that inflation is "under control." In other words, by ignoring the question altogether and answering it with a non-sequitur; the Fed will continue the policy of devaluing the dollar by creating inflation to help combat inflation. FWIW, From Minyanville.com buzz and banter

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