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perle's avatar

To quote JWB, "This thread is outstanding." The goal or the Fed is to be rational. If, as has been suggested, they are following the New York banks, it is because the New York banks are scared. Europe is a basket case. Our government is running wild, forgiving loans and spending money that doesn't exist, all the while discouraging productivity. Preserving some sort of a rational economy, even if only in America, is essential, and everything else will fall into place. There will be hardships, but there will be hope.

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dissonant1's avatar

This is really good, accurate (I believe), and is in 100% agreement with what Luongo has said. This is a very strong argument against the CTH theory that the Fed is in cahoots with the European central banks. Quite the contrary. I would recommend, however, reading the full Phil Gibson article rather than the Twitter thread. The content is the same and the article is clearer and easier to understand. You won't have to wonder what a "Cantaloupe" is.

Thanks, Mark!

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