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Fed can't raise rates without crashing economy, Sprott's Embry says
4:45p ET Friday, May 30, 2014
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry tells Sprott Money News today that the Federal Reserve likely has no intention of raising interest rates any time soon because it would collapse the spectacularly indebted U.S. economy, which, declining bond yields suggest, is already imploding anyway. Embry's interview is eight minutes long and can be heard at the Sprott Money Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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