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shermann7

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shermann7

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Re: jawmoke post# 65815

Tuesday, 03/13/2007 1:58:25 PM

Tuesday, March 13, 2007 1:58:25 PM

Post# of 447369
"you could almost say that every penny we've spent on this war is what the FED has profited".

The real Fed profit right now is lending money via government securities, and paying back later with a devalued dollar.

Countries like China and Saudi Arabia have become more vocal about this lately. That was why the Chinese currency used to be pegged to the dollar.

Of course, the loser is the consumer in the US.

Higher interest rates, and more $$$$$ to buy the same overseas products.

Shermann
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