“The Fed Will End Itself Before I’m Able To”
Representative Ron Paul (R-TX) talked to Maria Bartiromo the other day about the central bank, gold, and his upcoming chairmanship of the Monetary Policy subcommittee of the House Financial Services Committee.
Favorite line: “I’m always fascinated that the Treasury is in charge of the strong dollar policy and, yet, it’s the Fed that creates the money. The Fed determines the value of the dollar. If you print a lot of dollars, the value of the dollar has to go down.”
Read more at The Mess That Greenspan Made
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Whistler Blowers, Insiders
> If you print a lot of dollars, the value of the dollar has to go down.
Unless all the other currencies are going down faster.
I recommend all the doom-lovers buy up Canadian dollars and bonds. It’s going up against everyone else (a few years ago it was about 65 cents to the US dollar, now it’s about par).