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To: Red Dog #1
Because if the dollar is called into question (as now appears to have begun) and if the Federal Reserve's monetization cannot lower interest rates (and in fact causes them to rise, due to the consequences of printing so much money), then the Fed is trapped. The more it tries to solve the problem by printing more money, the worse it all becomes.

Good. I've known this all along. Maybe now that it's being discussed, obama will be slowed down by those who don't want freedom and capitalism dismantled.

4 posted on 06/01/2009 5:12:02 AM PDT by TurtleUp (So this is how liberty dies - to thunderous applause!)
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To: TurtleUp
Indeed it's good to see the inflation danger being raised. Although MSN Money is a relatively small/specialized news out let, sooner or latter the MSM will have to acknowledge the reality in at least some form.
5 posted on 06/01/2009 5:15:46 AM PDT by Red Dog #1
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To: TurtleUp
"Good. I've known this all along. Maybe now that it's being discussed, obama will be slowed down by those who don't want freedom and capitalism dismantled."

The Canadian dollar has shot up to .92 cents (US) from .86 cents (US) in the last week alone. I was projecting it would reach par by xmas, looks like I'm wrong. This is one of the most obvious indicators of how bad our dollar is performing on the world stage, and also drives up the costs our the important commodities we import from Canada, oil and natural gas.

I can hardly wait for Obama's " cap and trade" carbon tax. That should kill off the rest of our oil based industry.

14 posted on 06/01/2009 6:37:23 AM PDT by Nathan Zachary
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