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To: Freedom_Is_Not_Free
"Right now people are paying the Fed to take their money, with negative yields on short bonds."

Yes...And, that has never happened in this country before, never! (Money is looking for safety only, not interest).

Russians are spending or trading their rubles for US dollars as fast as possible. Russian currency will fold again, shortly.

35 posted on 12/16/2008 11:47:52 AM PST by blam
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To: blam

Ouch! That is not going to help things. With the world oil market in collapse, you may just be right about another Russian currency crisis.

Things are spiralling down the drain very fast now. It has only been a matter of months since Lehman went belly up. I can’t believe how fast all this is happening.


43 posted on 12/16/2008 11:50:48 AM PST by Freedom_Is_Not_Free
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