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Rick Rule: "Eventually Arithmetic Triumphs Over Narrative"

Mining Stock Daily

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The Fed Is Not the Backstop for Short Term Market Stability

The Federal Reserve has expanded into things they've never done before. The idea that the system that subsidizes spenders at the expense of savers is over time stable is fiction, he says. "It's very difficult from my point of view to service debt with a numerator that's a negative number"

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