"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
NY Fed Confirms Intervention in Currency Markets
"The New York Federal Reserve Bank confirmed that it intervened in currency markets on Friday for the first time in more than a decade. The disclosure came a day after the Group of Seven major industrialized nations pledged in a statement to join in a coordinated effort to weaken the Japanese yen."
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