Well OK he says it was just a rhetorical flourish.
But again, a socionomic analysis told us to expect that people would be getting more and more mad, now it is here.
Meanwhile the FED announced it would, now take this in slowly, borrow money to buy Treasury securities that are sold using of course money borrowed from the Chinese. This is known as economic planning in Washington DC.
The result was, amazingly enough, a move up in bond prices. We should be getting to a top in bond prices with these sorts of shenanigans going on.
Professor Elam 
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