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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (478869)3/27/2012 6:30:16 PM
From: Joe Btfsplk  Respond to of 793848
 
The Fed deliberately drained money out of the system

Amity Shlaes claimed Andrew Mellon initiated the deflation by sterilizing panicked inflows of Weimar gold with bond sales.



To: DMaA who wrote (478869)3/27/2012 7:11:15 PM
From: LindyBill  Respond to of 793848
 
If that is what the Fed did, it's the Government interfering again. I posted that series of articles to show us the "Gold" side. As one of the articles concludes, we can never go back on a Gold standard because the people will never trust the Government not to mess with it.


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