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

To: carranza2 who wrote (525841)	12/9/2012 10:23:57 AM
From: rich evans	Read Replies (1) \| Respond to of 793575

The dealers are required by law to buy or sell the bonds the fed wants. Price is another matter

To: carranza2 who wrote (525841)	12/9/2012 11:55:36 AM
From: Hoa Hao	1 Recommendation Read Replies (1) \| Respond to of 793575

Year 2015-16 is my guess too. I believe that both the Euro and Yen have to go bust before it hits us. Right now there isn't much velocity and the coming budget crisis may mean less veloctiy which ironically may help keep the buck strong Still have not figured out where China ends in this. Their finances are hardly note worthy either. And all this is really nothing new... Herbert Hoover's quote Gold/Capital was "a loose cannon on the deck of the world, amid a tempest tossed world" "At times like the present, when the evils of unsound finance threaten us, the speculator may anticipate a harvest gathered from the misfortune of others, the capitalist may protect himself by hoarding or may even find profit from the fluctuations of values, but the wage earner - the first to be injured by a depreciated currency - is practically defenseless." Grover Cleveland