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To: 10K a day who wrote (151136)1/1/2003 12:41:15 PM
From: BGR  Read Replies (1) | Respond to of 164684
 
If Fed pumping invariably results in inflation, and
if inflation invariably results in high gold prices, and
if Morgan is afraid of high gold prices, and
the Fed is a private corporation, under the influence of the likes of Morgan, then:

the Fed would not be pumping, right?

So, which one (or more) of the above assumptions do not hold?