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David McAlvany and Jeff Deist return. The day following the first Fed rate rise in 9 years, Larry Fink, who heads up the multi-trillion dollar hedge fund Black Rock, praised Janet Yellen for her brilliant market manipulation. On the other hand, an argument can be made that Fed market manipulators like Ms. Yellen are in the process of destroying capitalism by disallowing price discovery for capital and forcing interest rates lower, and that the adjustment back toward market rates will have lead the global economy into the deepest depression ever seen. Does Ms. Yellen and other Fed PhD’s actuall
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