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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (13196)6/13/2012 11:05:53 AM
From: Fiscally Conservative1 Recommendation  Read Replies (2) | Respond to of 33421
 
Yes, but at what point in time do they imprint a massive squeeze on rates and let Inflation take the helm? It appears we are headed in that direction. I do not believe the Fed will allow rates via their strong arm tactics to remain as low as they now project, end of '14.



To: Hawkmoon who wrote (13196)7/8/2012 3:51:03 AM
From: John Pitera1 Recommendation  Read Replies (1) | Respond to of 33421
 
Hi Hawk, I actually meant the Federal Reserve Act and said Federal Income Tax by mistake. I've and many other have spoken of The FED's creation of boom and bust cycles...
that's the beast that was created ..... snuck in there right before Christmas with very few congressmen present.

en.wikipedia.org

The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch.3) is an Act of Congress that created and set up the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar) and Federal Reserve Bank Notes as legal tender. The Act was signed into law by President Woodrow Wilson.