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Thursday, July 18, 2013 9:29:25 PM
Ron Paul was missed today as Lord Bernanke was glorified in a Senate Love Fest. When asked about the extraordinary measures still in place..... He said we learned from the "Great Depression" that it was 'not so good' to allow a purge of the system where unproductive assets, bad debt, poorly managed banks and business failed to such an extent that the economy was unable to recover. Better to prop up the crooks, thieves, over leverage risk mongers. And when asked about reduction in QE he actually said with a straight face and with no push back from any of our illustrious representatives that "he could control interest rates without maintaining the current level of purchases."
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