10/18/11 - Robert Prechter Explains The Fed, Part II

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Home > Commentary > Elliott Wave International > 10/18/11 - Robert Prechter Explains The Fed, Part II

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10/18/11 - Robert Prechter Explains The Fed, Part II

Robert_Prechter_80x100

By Robert Prechter, CMT

The world's foremost Elliott wave expert goes "behind the scenes" on the Federal Reserve

This is Part II of our three-part series "Robert Prechter Explains The Fed." "Let's attempt to define what gives the dollar objective value. As we will see in the next section, the dollar is 'backed' primarily by government bonds, which are promises to pay dollars. So today, the dollar is a promise backed by a promise..." Read more.

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