3-12-2011 USA today .

December 03, 2011

Hmmm…let’s see now…if the Federal Reserve prints dollars, then “swaps” those dollars with some foreign bank, that then distributes those dollars to make loans, make new investments, repay credit lines etc. etc. etc., those original “ill-gotten” dollars from the Fed would have flowed through so many layers that no one could ever trace their source back to Ben Bernanke’s printing press.

Perhaps someone should notify the authorities. The Fed is engaged in highly suspicious, un-American activities. We may have a domestic terrorist on our hands…or at least a domestic monetary terrorist.

Bad news for the dollar, good news for gold.

Regards,

Eric Fry,
for The Daily Reckoning

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