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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (89591)	4/28/2012 5:41:20 AM
From: Maurice Winn	3 Recommendations Read Replies (1) \| Respond to of 217542

C2, Robert Wenzel misunderstands the purpose of the Federal Reserve. Never mind what the Federal Reserve say they are trying to do [price stability and avoiding economic instability]. What they are really doing and have done successfully for a century is dilute people holding US$ so that the owners of the Federal Reserve collect that tax on everyone holding US$. It's perfectly sensible and reasonable. It's just like collecting a royalty on intellectual property in the mobile Cyberspace DeVice industry. Qualcomm collects a comparable royalty. The shareholders of the Federal Reserve collect their royalty though unlike Qualcomm, they don't have to go out and collect the money. The Federal Reserve just produces more of the stuff and gives it to themselves to lend to other people in exchange for interest payments. It's a very good business to have a legally issued monopoly on. If people want to, they can buy shares in the Federal Reserve shareholders. When the Federal Reserve people say they aim at price stability, they really mean a steady rate of price increases. They have had the double fantastic profit opportunities of the incredible technological and scientific revolution which enables things to be done for less and less money and the geopolitical, and sociological revolutions which have lowered prices by freeing 1.3 billion people in China, and others around the world, to become economically productive instead of kept captive behind totalitarian borders. The Federal Reserve captures the value of both the revolution in technology and the Made in China revolution. The profits have been stupendously fantastic and all they have to do is dilute the US$ which they can now do with a click of a mouse. They aren't going to give up that game any time soon. Robert Wenzel doesn't realize what's going on. Meanwhile, the 31 December sooth is on track I guess you have noticed with gold wallowing in the doldrums. Mqurice

To: carranza2 who wrote (89591)	4/28/2012 8:44:25 AM
From: Paxb2u	Read Replies (2) \| Respond to of 217542

I don't even have to think about why this didn't make the media---Peace