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Bill Baker: Cash Trades on Bluff and Deception
17 hours ago ago from Huffington Post
Imagine that the explosive printing of broad money, which has been the case since the founding of the Federal Reserve in 1913, ceased tomorrow. The gold price would spike initially. Zombie banks might go under. The dollar might rally. Goldman Sachs might get caught off balance with carry trade exposure. When that happens, China would have to break its peg to the dollar or see its export economy collapse. Then what? Stockbrokers and bankers ...
Related contentNostalgia for the Gold Standard is Misplaced - Up and Down Wall Street Daily - R. Forsyth - Barrons.com
4 hours ago ago from Barron's Online
Nostalgia for the Gold Standard is Misplaced By RANDALL W. FORSYTH MORE ARTICLES BY AUTHOR Adherence to gold spread the Great Depression in the 1930s and won't address the problems of today. Subscribe Now With these readers: Or copy the rss link: IS THIS THE GOLDEN MOMENT? With the price of gold hitting a record over ...
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