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By the way, this is the reason that now a lot of my portfolio is silver. . .the Fed is printing more money in a panic to sooth the panic. This has to have consequences sooner or later.
We can't as a country just say, "Need more money? Well, no problem. . .we'll just print more." (which is what Bernacke once quipped - "I'll drop it from helicopters if I have to.")
The dollar is rallying today but I don't think long term today's actions can bode well for the dollar. It's entirely investor driven today but tommorrow fundamentally, it will have to decline further IMO.
We can't as a country just say, "Need more money? Well, no problem. . .we'll just print more." (which is what Bernacke once quipped - "I'll drop it from helicopters if I have to.")
The dollar is rallying today but I don't think long term today's actions can bode well for the dollar. It's entirely investor driven today but tommorrow fundamentally, it will have to decline further IMO.
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