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May 14, 2011
(How to) End the FED (for dummies) Pt. 3 of 3 by Christopher Rice and Wanda Gray
By Christopher Rice
A plummeting dollar is hitting Americans squarely in the wallet and gas tank, and economist think it could drive prices as high as $6 a gallon or more by summertime. We are already paying much more for groceries and other consumer goods than we did a few years ago. Can FED policy be DISRUPTED (before it bankrupts everyone?) Inflation is a direct result of the actions the Federal Reserve has taken to pump liquidity into the market. The Fed h ...
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A plummeting dollar is hitting Americans squarely in the wallet and gas tank, and economist think it could drive prices as high as $6 a gallon or more by summertime. We are already paying much more for groceries and other consumer goods than we did a few years ago. Can FED policy be DISRUPTED (before it bankrupts everyone?) Inflation is a direct result of the actions the Federal Reserve has taken to pump liquidity into the market. The Fed has lowered their target lending rate, known as the Federal funds rate, to near zero.