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What happened to the Ben Bernanke who just weeks ago, seized the “strong dollar” gauntlet from the Treasury Department, and led both Hank Paulson, and President George W. Bush in calling for a stronger dollar?
What happened to “that” Ben Bernanke?
Here’s all we got out of Ben Bernanke in today’s Fed meeting….
 
– No leadership.
– No guidance.
– And [...]

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“Monetary policy should allow a temporary rise in unemployment and inflation to let an economy find its balance from an oil-price shock.”
– Federal Reserve Vice-Chairman Donald Kohn
That comment on the heels of Bernanke breaking tradition, and taking the lead from the Treasury Department in talking up the dollar? That comment with Treasury Secretary Hank Paulson [...]

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This may surprise you. Who would have thought that fiat currencies like the Swiss Franc, or the Australian Dollar, would actually be outperforming gold year to date?

Fed Chairman Ben Bernanke & Treasury Secretary Hank Paulsen’s “competitive devaluation” policy, along with runaway government spending and deficits, have sank the U.S. Dollar to where it’s now actually [...]

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What a week for the markets. It all started when Ben Bernanke broke tradition and talked up the U.S. Dollar, a job usually reserved for the Treasury Secretary…
“We are attentive to the implications of changes in the value of the dollar for inflation and inflation expectations. The Fed’s commitment to price stability and maximum employment [...]

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