68Camaro wrote:So, it seems the path forward has been made more clear. The US Fed will continue to print vast amounts of USD, and will print enough to buy US bonds back from the Europeans, as well as execute currency swaps (to the extent the Euros have Euros to swap), as well as flooding US banks with USD so that they can buy Euro assets. Thus the US will be propping up Europe, for a time. None of the countries involved, however, US included, have made any significant inroads into controlling their sovereign debt, so the printing will continue. What does this mean?
Significant inflation, for years to come.... Eventual complete erosion of your savings, pension, social security. Not necessarily hyperinflation (yet), but - in a way - far worse. At least hyperinflation has a quick end; like a fever which spikes and burns itself out. Whereas long-term high inflation is a boil that won't heal, but continues to fester, slowly growing, making life increasingly more painful and miserable.
PMs are now sure to increase - significantly - over the next 2-5 years. $2500 gold and $60 silver by end of next year.
the news today just gives me a sick feeling in my gut...
'd? Not with Bernake in charge of this.