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Rick Rule: "Eventually Arithmetic Triumphs Over Narrative"

Mining Stock Daily

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Quantitative Easing Is Counterfeiting

Would we be engaging the buyer of last resort which we've seen in recent history? I suspect that's our only alternative. The size of the government credit markets relative to GDP has quintupled. We have to be concerned about when and how that transition takes place. Make no mistake, quantitative easing is counterfeiting. It's just a function of who does it.

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