Visitors Now:
Total Visits:
Total Stories:

By FSN
Contributor profile | More stories

Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

When Infinite Inflation Isn’t Enough

Friday, November 16, 2012 4:02

% of readers think this story is Fact. Add your two cents.

(Before It's News)

by Peter Schiff, Euro Pacific Capital
Euro Pacific Metals

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 continuing purchase of long-term Treasuries when Operation Twist expires, thereby more than doubling QE3 to a monthly influx of $85 billion in phony money starting in December. I call it “QE3 Plus” – now with more inflation!