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Jim C.
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>The Self-Rehypothecation of Ben Bernanke  - James Howard Kunstler - 
Well, Kunstler is correct in criticizing Bernanke's QE and warning of the dire circumstances ahead. The continuing of QE won't help and tapering will be just as bad -- like withdrawing food from a domesticated tiger, and the tiger now mentally unable to fend for itself. Dire circumstances are ahead and the recent upsurge in gold and silver prices may just be a beginning.

Normally, after this usual damning of the FED Kunstler will extrapolate to his usual return to nature screed -- but he has refrained this week and has my rare kudos for doing so.



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Beginning of the headline :How then did Ben Bernanke finally summon the fortitude to entertain tapering Federal Reserve bond purchases from $85 billion a month to, say, $84.7 billion a month come September 18th, the world may never know, but now the deed appears to be done, in his absence, by remote paranormal transmission, while the other Fed board members, with their attendant economist factotums, servelings, and catamites all beamed the message out of horsey Jackson Hole that they expected — even pined for — the vaunte... Read More
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