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<p>[QUOTE=&quot;BusterHighman, post: 1145434, member: 29945&quot;]The main purpose of QE is to keep interest rates artificially suppressed. Billions of dollars are printed and then used to purchase treasury bonds. If the Federal Reserve Corporation shut off the spigot, NO ONE would buy treasuries at their current interest rate, which would force rates to rise. Rising rates will be the end game for the current government, as they continually refinance their $14+ trillion debt and even a small increase in rates will lead to huge additional costs. </p><p><br /></p><p>This is why QE will never end. The powers that be will use the media to try and misdirect the public for their own gain, but QE is a never ending cycle that requires increasingly larger amounts of debt to achieve the same results. There may be some break in between QE X and QE X+1, but that will only be done to scare the public as their retirement accounts come crashing down. Then it will be QE to the rescue. My hope is that by then, people will see that QE and 0% interest rates are the problem and not the answer. </p><p><br /></p><p>NOTE: I fully believe that the future holds massive deflation for the US economy. It&#039;s the only way to go after the last 25 years of artificial growth based on cheap money and debt. Many people are under the false opinion that this will be bad for PMs because deflation typically leads to decreased demand for hard assets. The deflationary crash won&#039;t occur until the US dollar has died completely. I believe there will be a global loss of confidence in the US dollar, which will lead to true Zimbabwe style hyperinflation. Then the economy will collapse into a deflationary depression. The trigger will be when the dollar officially loses it&#039;s reserve currency status. Watch out below once that happens. There will be no better protection of wealth than PMs during this transition. Except maybe a working oil well. </p><p><br /></p><p>Many people on this site talk about when to get out of PMs. As long as you have food and shelter, I would not recommend getting out at any price in the current financial system.[/QUOTE]</p><p><br /></p>

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