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Former Fed President Joins Anti-dollar Hard Currency Fund

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Old news of the move:

http://www.merkfund.com/about-us/press/2008-07-01.html

PALO ALTO, CA. - July 1, 2008 - Merk Investments LLC announced today that William Poole, the former President of the Federal Reserve Bank of St. Louis, has accepted a position as the mutual fund company's senior economic advisor.

Here he is today damning the bailouts:

http://www.bloomberg.com/avp/avp.asxx?clip...69885588&A=

Remember Cramer's outburst on Mad Money / CNBC:

http://uk.youtube.com/watch?v=rOVXh4xM-Ww

Bill Poole? He's Shameful!

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FED either needs to change to gold standard or adopt the policy of PAUL VOLCKER and RAISE THE RATES TO 15%+ (economic suicide at this stage but would be funny to see the BTL clowns suffer)

Paul Volcker, a Democrat[4], was appointed Chairman of the Federal Reserve in August 1979 by President Jimmy Carter and reappointed in 1983 by President Ronald Reagan.[5]

Volcker's Fed is widely credited with ending the United States' stagflation crisis of the 1970s. Inflation, which peaked at 13.5% in 1981, was successfully lowered to 3.2% by 1983.

The federal funds rate, which had averaged 11.2% in 1979, was raised by Volcker to a peak of 20% in June 1981. The prime rate rose to 21.5% in '81 as well. [[1]]

These changes in policy contributed to the significant recession the U.S. economy experienced in the early 1980s, which included the highest unemployment levels since the Great Depression, which contributed to the defeat of Carter. Volcker's Fed also elicited the strongest political attacks and most wide-spread protests in the history of the Federal Reserve (unlike any protests experienced since 1922), due to the effects of the high interest rates on the construction and farming sectors, culminating in indebted farmers driving their tractors onto C Street NW and blockading the Eccles Building.[6]

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Old news of the move:

http://www.merkfund.com/about-us/press/2008-07-01.html

Here he is today damning the bailouts:

http://www.bloomberg.com/avp/avp.asxx?clip...69885588&A=

Remember Cramer's outburst on Mad Money / CNBC:

http://uk.youtube.com/watch?v=rOVXh4xM-Ww

Be is also saying "necessary money is going after necessary money" and there is not much that can be done now but it needs to be changed in the future.

Ie no change from the current way of thinking

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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