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08-09-2010, 02:38 AM #1
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Losses Mount Home Owners, Gulf Residents, Job Layoffs Rise
Fed Control Puts Outsiders In A Disadvantage
A weekly excerpt from the subscription issue of The International Forecaster, taken from Bob Chapman's weekly publication. August 7 2010:
Fed feeds insider information, the need to re-liquefy, threats of deflation, clearly the dollar no longer brings stability to the financial system, losses mount for home owners, gulf residents, job layoffs rise.
It was only a month ago that the Dow closed at 9686. From there it started to move back up again as insiders learned of the Fed’s plan to inject $5 trillion into the economy over the next two years. The result has been a run up to 10,674. We figured out what the Fed was up to, but most everyone else did not.
During that period, almost unnoticed, was the fall in the value of the dollar. On the USDX it has fallen from 86.12 to 80.58.
This is a very good example of the Federal Reserve and the Treasury Department feeding inside information to their friends on Wall Street. This has gone on for 60 years or more, and it puts many professionals and the public at a vast disadvantage. If you then include the market intervention and cross manipulation of the President’s Group on Financial Markets,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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