Thursday, September 13, 2012
More Money Printing- QE3 Has Arrived
The Fed, in a move that is no surprise at all, has announced indefinite monetary stimulus. Though this blog has focused on wealth preservation that has assumed more QE all along, its still disheartening to see our country continue to move down the road to ruin and a weaker dollar. My readers, of course, are well positioned to profit from the latest move but one wonders, what of the rest of America who will now face higher prices in both food and gas as this depression drags out longer?
I'll have more on the Fed's latest move later.