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When Infinite Inflation Isn't Enough

Chris3668 Wrote: Nov 13, 2012 5:46 AM
A Large economy pack of 80-20 of hamburger used to cost me around 11.00 at Walmart. Now it costs 18. Shades of Pre War Germany are coming.

If no one seems to care that the Titanic is filling with water, why not drill another hole in it? That seems to be the M.O. of the Bernanke Federal Reserve. After the announcement of QE3 (also dubbed "QE Infinity") created yet another round of media chatter about a recovery, the Fed's Open Market Committee has decided to push infinity a little bit further. The latest move involves the rolling over of long-term Treasuries purchased as part of Operation Twist, thereby more than doubling QE3 to a monthly influx of $85 billion in phony money starting in...

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