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Squawk of the day - May 13, 2013

"The chairman of the Federal Reserve answers to nobody, not the president or the congress. Yet he can print all the money he wants to. The more he prints the less our money is worth. One man should not have this much power."

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Comments

ZCorp 11 months, 2 weeks ago

Do not be so critical. The Dow Jones & S & P are hitting 15,000. This is bad ? Times are tough, yes, but not to those who work hard and are prepared. Educate, learn, balence, pray, and open yourself to new professional business ideas before stating such an odd squark.Not everyone fails, some of us Win.

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ZCorp 11 months, 2 weeks ago

America 2014 will be a rough road. Who says you can't take a smoother route ?

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FryarTuk 11 months, 2 weeks ago

The Chairman speaks for the Board of Governors of the Federal Reserve banking system which have units across America which is authorized by law.

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ZCorp 11 months, 2 weeks ago

Wonderful ! Like we did not already know this ? Your Outstanding ! Bravo

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RedEric 11 months, 2 weeks ago

You should cut back on your happy pills Z.

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FryarTuk 11 months, 2 weeks ago

ZZZZZZZZZZ, the point is, the squawker is mistaken. One person does not have that power. It's a Board and it's legally established and it's not apparent you were aware of it. Obviously you appreciate learning.

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Sister_Ruby_Two 11 months, 2 weeks ago

ZCorp.........obviously just another rendition of bubbasmithredneckcoachjohnson etc etc

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chinaberry25 11 months, 2 weeks ago

The federal reserve is printing money to the tune of $3 billion per day to shore up the stock market. Be careful what you put in there unless you are buying foreign currency. When our dollar is no longer the universal currency our goose is cooked. We will be paying big bucks for gas and I do hope you know how to garden and sew and bake bread. It will take you whole salary of food stamps in one week. It is false reading and get ready.

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FryarTuk 11 months, 2 weeks ago

" . . . $3 billion per day to shore up the stock market." You know the corporations in the USA have strong balance sheets with many paying handsome dividends. Productivity is at all time high. Employment is gradually improving. The deficit (amount of money we spend less revenue we receive) has improved significantly since 2009. As we draw down all the military adventurism initiated by W that will improve more, meaning the amount of money we borrow will be less and less. As tax loopholes are closed, welfare and medical costs (which are improving) are reduced our nation's balance sheet will look better and better. I know it could be done quicker and perhaps less hectic but with the mess we've had in Washington since 2001 you can't expect a faster pace.

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