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Raising the minimum wage just creates inflation. It won't cost or create jobs. He wants to do it so that all the people under water on their houses, govt debt and banking debt all goes away easier. The bad news is anyone with money then gets hammered like all of those folks who rode the bond rally for the last ten years. Obama and company are doing whatever they can to create inflation.
PS People are screaming out of bonds as we speak. I wonder why?
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