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March 14, 2008

Gold Reaches $1,000 Per Ounce

link  The dollar continues to be debased (to the extent that something with no intrinsic value can even be debased).  How?  Bernanke is making good on his promise to "drop money from helicopters" by monetizing bad mortgage loans (thus bailing out imprudent lenders) and now bailing out brokerage firms!

Posted on March 14, 2008 at 11:51 AM in Money | Permalink

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