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Quote of the Day

“The stronger dollar has no greater friend than China, and no greater enemy than Ben Bernanke…. A weak dollar is a wealth transfer from China to the US, and they’re not going to stand for it….Bernanke wakes up in the morning and thinks “How can I weaken the dollar today?” He’s got quantitative easing, zero interest rates, and junk on the Fed balance sheet. He’s a smart guy, so I think he’ll come up with other things,” said Jim Rickards, senior managing director for market intelligence at the applied research organization Omni