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Originally Posted By: Drew99GT
Originally Posted By: Smokescreen
You guys need to look past cheap gas prices. It is merely a diversion. Look past Black Fridays and look at what has been happening with the Federal Reserve, look for the mass dumping of the American dollar, look for China stealthily buying mass quantities of gold. Look for a mystery investor backing up the Fed from Belguim.
All [censored] information. The dollar is going up and the price of gold is collapsing, and the Fed doesn't need a "mystery investor", whatever the [censored] that means. The Fed could right this minute buy every single treasury bond in the secondary market and nothing would change. QE proved this. In addition, the USA still has by far the highest gold reserves of any country. All this talk of dollar collapse, China and the rest of the world creating a gold backed monetary system to usurp the United States, has been peddled now for darn near half a century and it's absolute LOON information. If China dumped the dollar, it would crush their economy because it's been export based.
That is one scary response