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What the German minister is saying is the Federal Reserve is planning on printing more money and purchasing US Treasuries (asset purchases), which will devalue the greenback towards other world currencies. We will discover out for certain on November third from the Fed if this is the case.

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Housing prices will take another strike as home loan rates climb past ten%twenty five, the ARM balloon payments reset monthly mortgage payments for hundreds of thousands, banks lastly sell their inventory, and a big part of those who are underwater just quit paying. Anticipate an additional 30%twenty five fall in prices.