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| It will last only as long as the Fed continues to buy Treasuries. The Fed buys them when nobody else will at very low interest rates. They use money created out of thin air, just a few computer key strokes for billions of dollars. And all these billions are backed by nothing and each one dilutes your savings. Just like Von explains, they are robbing us to loan money to banks at almost no interest so they can use it for carry to earn higher returns. | |
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Exactly
