The trillions of qe money floating between speculators and banks do not represent any substance ,it is zombie worthless paper , already the fed has lost control of long term rates and most financial pundits are now dumping bonds , china will be caught up in this bloodbath mainly because they have fudged figures to placate their central govt and have massive hidden debt! One cannot issue money until equal production value is produced .THE BASIC LAW OF ECONOMICS!
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inflation out, deflation in., page-75
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