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Thursday, 26 March 2009 19:28 |
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Last week, Mr. Bernanke announced that the Federal Reserve would buy $300 billion worth of U.S. Treasuries and another $700 billion worth of government-agency mortgage debt. In order to finance these purchases, the Federal Reserve would simply create this money out of thin air.
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Thursday, 26 March 2009 21:22 |
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Three cheers for Topolanek!
Never heard of him? Neither had we until this morning. But on the front page of today’s Financial Times, we discover two extraordinary things. Topolanek is the Prime Minister of the Czech Republic (and coincidentally, president of the European Union). And, he has a |
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Friday, 27 March 2009 12:29 |
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Laguna Beach, California
What this leading indicator for gold is telling us right now,
Five specific precious metal plays for you to consider,
Three gov’t mandates that could force you to make $63,359 and more…
Eric Fry, reporting from Laguna Beach, California…
A few days ago, |
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Friday, 27 March 2009 18:25 |
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Free market capitalism is the “god that failed,” writes Martin Wolf. Thus does Financial Times lead off a feeble chorus of lament in its “Future of Capitalism” series. What do we do now? is the question. Can capitalism be tamed? Can it be harnessed? “Yes we can!” |
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Friday, 27 March 2009 19:16 |
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Mr. Timothy Geithner was the man who was on watch when the ship ran aground. His job, as head of the Federal Reserve Bank of New York, was to keep an eye on Wall Street. Now, he’s come forward with a new $1 trillion plan to get the boat back on the water. He should have left it to the |
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Thursday, 26 March 2009 21:15 |
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It really isn’t difficult to find things to write about! Especially when the economics of a once great nation have been emaciated, plundered, and bankrupted. Do you realize that every man, woman, and child in America, as of today, has as a personal part of the national debt close to $117,000? |
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Thursday, 26 March 2009 22:04 |
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I thought that I had a pretty good handle on how much “stimulus” money Congress and the Fed have spent so far, ranging, as it does, in the zillions of dollars… So I was taken aback when Addison Wiggin of Agora Financial wrote, “$7.2 trillion is a lot of money. That’s what D.C. has |
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Friday, 27 March 2009 16:37 |
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Good day… I want to start this morning’s Pfennig with a big congratulations to the MIZZOU Tigers who pulled off what most believed was an unlikely win over Memphis last night. What a game! They move on to the Elite Eight to play powerhouse UCONN on Saturday.
The currency markets weren’t |
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Friday, 27 March 2009 18:43 |
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by Addison Wiggin & Ian Mathias First Russia, then China, now U.N.? Powers of the world move to ditch the dollar Puru Saxena on why the Fed secretly wants inflation… the more the better The 5 examines the future of energy… from deep-water drilling to “polywell [...] Read more:
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Friday, 27 March 2009 20:09 |
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Doug Noland of PrudentBear.com has found all kinds of interesting things this week, especially if you enjoy heart palpitations and crushing chest pains, which is what you get when you read Mr. Noland reporting that “The M2 (narrow) ‘money’ supply surged $39.8bn to a record $8.343 TN (week of |
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