http://www.merkfund.com/merk-perspective/insights/2009-06-24.html
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Wednesday, June 24, 2009
Inflation or Hyperinflation? - The Merk Mutual Funds
Axel Merk does a good job of explaining how our belief that the Fed will inflate leads to inflation. The Fed must do more than talk before I will believe otherwise. Since its creation, it has done nothing but destroy the value of the dollar, rewarding borrowers and hurting savers.
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