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Dow Theory Letter regarding the Fed

Feb 29, 2008

Richard Russell asks the question: What do we do about the Fed showering the US with an ocean of currency?

http://www.monex.com/gvi?pageid=insightarticle&articleid=613&cat=1

What is probably most surprising is that he admits that he personally objects to the existence of the Fed itself! He then gives a brief statement about how the Fed was created in the first place by fraudulent means and says that the Treasury Department ought to be re-empowered with the right to create money. Certainly, the Fed has proven itself unworthy of such power--to say nothing of the constitutionality question.


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Dr. Stephen Jones


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