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JAN 16, 2013 - Zero Hedge

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What Do German Central Bankers Know That We Don't?

  Ben Bernanke and the rest of the US Federal Reserve bet the farm that they could engage in countless monetary interventions, keep interest rates at zero, and print over $2 trillion in new money without damaging the US’s credibility.   They were wrong. Indeed, Germany just fired a major warning shot to the US Federal Reserve.   On Monday, Germany announced that it will be moving a significant portion of its Gold reserves out of storage with the New York Fed and moving them back to Germany.   A few background details.   Germany has the second largest Gold ... Read More

Tags: What Do German Central Bankers Know That We Don't?,  Interest Rates Latest News