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5/3/11

No wait, my mistake, THIS is the quote of the day.

With due deference to Tom Tomorrow, another quote has just surfaced that beats out his effort. Here it is:

“The [US] printing press is turning non-stop and flooding the world with dollars”


"Nothing so startling about that, Otto", I hear you cry. Fair enough, but it's who said it that's the fun part. Here's how the quote continues to give you a further clue:

“We must avoid an overvalued real and Dutch disease ... we cannot permit speculative capital to cause bubbles.”

Got it yet? Yup, it was Brazil's current Finance Minister, Guido Mantega, testifying in front of his congress today. Mmmmmm...currency wars.....mmmmmm