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Poking China, Goosing Gold

Friday, September 24, 2010, 10:31 AM
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Well, what the Fed meeting started, the Obama administration seems intent on continuing; namely, the trashing of the dollar and the elevation of gold.  First, the Fed announced that they are ready to print more thin-air money, something that comes as no surprise to anyone here, as this has been predicted on these pages for several years.  It is just the most obvious outcome (or ending) for any fiat currency. 

Then the Obama administration, almost certainly engaging in pre-election maneuvering, poked a very sharp stick at China in a manner of which the potential impact should not be underestimated:

 

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