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Archive for March 26th, 2010

BECKLEY— What backs America’s money? Debt.  The value of the dollars you earn from your production (nationally GDP) in your pocket are backed by America’s ability to print more money.   The following chart shows this:

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ATLANTA— The passage of ObamaCare this week was greeted by a surge in U.S. Treasury bond yields.  The yield on 10-year treasuries jumped this week to the highest percentage since last June, at 3.85%.  That’s still surprisingly low by historical standards, but all indicators are that yields will continue to rise…

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BECKLEY— Prime Minister Binyamin Netanyahu returned to Israel yesterday after meeting with President Obama this week.   According to the Washington Post he was greeted by his people with signs reading things like “Obama, No You Can’t” and “Netanyahu Stand Strong”.

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