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FSN: Fed’s New Indicator-Based Printing Policy Removes Limits

Friday, November 23, 2012 22:12

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Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

from Wealth Cycles

We finally last week got the first official confirmation from the Federal Reserve (Fed) that its quantitative easing (currency printing) program will ramp up to a cumulative $80 billion to $85 billion per month early next year. That level of currency expansion is necessary if the Fed is to offset the $10 billion per month contraction in the total “money” supply, which has persisted despite the $40 billion currently printed monthly. In other words, the breathtaking rate at which the Fed is decreasing the purchasing power of your existing dollars will nearly double within a few short weeks.