Thursday, October 14, 2010 1:00:34 PM
Clearly AgNau is right. The Central Banks are devauling the currency.
1) to keep prices rising instead of in deflation
2) If everyone does it at the same time; it will be like causing China to raise the value of their currency.
So will there be a point where the fed says enough is enough; and puts on the brakes. Raising interest rates and whatever else they are going to do to unwind?
P.S. when I say 'the fed' I mean the federal reserve; not our fed, here :)
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