In response to:

Bond Vigilantes Are Punks

Donald103 Wrote: Sep 16, 2012 6:00 PM
I don't know much about economics (but I have no debt and am not penniless). I have read about countries trying to solve fiscal problems by monetary manipulation. I think it is called monetizing the debt (inflation is always the result-isn't it?). Are we going to have a rip roaring inflation if and when the economy really picks up? If it ever does? How can it when everything the Feds do runs counter to allowing it. Donald W. Bales
Richard2430 Wrote: Sep 16, 2012 11:56 PM
I would say that there is a 90+% chance of at least moderate to severe inflation. One recommended approach is to get out of paper and into tangible assets. Of course, everyone has to do their own "risk aversion" analysis to determine what assets are appropriate - gold, silver, collectables, property, etc. I can say for sure that inflation, due to excess paper in the system, will kill the value of your dollar (unless it is a silver dollar).
Watching Ben Bernanke on 60 Minutes and other interviews including his question & answer session on key Fed decision days, I got the impression his top goal was one I'd seen a lot growing up in New York - I ain't no punk!

Of course, on the streets of New York or in the corridors of the Federal Reserve it takes more than tough talk and swagger, occasionally you have to show and prove.

Yesterday, Ben Bernanke came ready to prove and he did, with an economic version of the vigilante. The Fed is opening the spigots and saying they'll turn them...