"The next-day, on June 2nd, Fed chief Benjamin Bernanke, boxed into a tight corner by Beijing’s saber rattling, warned the US-Congress that there is a limit to how many US-dollars the central bank can print. “Unless we demonstrate a strong commitment to fiscal sustainability in the longer term, we will have neither financial stability nor healthy economic growth,” Bernanke warned US-lawmakers. "
(Kitco)
"...the Fed shocked the global markets on March 18th, by unleashing the “nuclear option” for monetary policy - “QE,” or printing an extra $1.1-trillion US-dollars, in order to buy US T-Notes and mortgage backed bonds..." (Kitco)
Defining inflation: Inflation is an increase in the supply of money, raising prices are amung the results of inflation, not the causes of.
Inflation of the money supply is a real issue, we've got our back to the issue but ignoring the problem doesn't solve it. We've printed trillions
in the past few months, don't pretend that doesn't change anything. It devalues every dollar in your pocket, in your money jar, in your back account. It strips you of purchasing power. Inflation is the crueslest taxation. LESS THAN 50% OF THE U.S. MONETARY BASE IS IN CIRCULATION - we're in the belly of a whale, and until we make the decision to do what is right things are going to continue to worsen.
Current Coinage
My suggestion: invest in things of worth. Silver is a good investment. Don't listen to your bedtime fairytales of government promises and prosperity, discover reality.
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