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Old 02-26-2009, 02:19 PM  
PAR
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1933 was also when :
From: President of the United States Franklin Delano Roosevelt ....

...All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933...

Marking the start of the end of the gold standard...

Fraction reserve banking, is not able to run for ever as it introduces debt on every dollar printed.. Because each dollar on loan with a % of interest attached to it..

Dollar values go down and you need to borrow more and more to stay level..
bla bla bla...

could be this is just a bump in the road or the start of a new direction then next 12 months will start to show the direction..
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