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Welcome, Richard Aalund

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Bill FleckensteinCOMMENT

Somber warnings from proven prophets

When the Treasury prints money, in the form of Treasury Bonds and the Federal Reserve buys those bonds is any harm actually done?  It means that the Fed is controlling interest rates by buying early in the auction and for a very low interest rate.  The bonds never leave Washington DC and the Treasury probably doesn't b...more
2/9/2013
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