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<p>[QUOTE=&quot;InfleXion, post: 1369362, member: 29012&quot;]Even QE1 and QE2 pale in comparison to the amount of inflation we&#039;ve had due to suppressed interest rates, and thus credit expansion due to loans that profit from the interest rate spread. QE gets all the attention because it&#039;s a quick shot at once, but ZIRP through 2014 is going to outperform the QE&#039;s in that regard when all is said and done. If they can&#039;t raise interest rates then inflation is guaranteed. To stop inflation they would have to not only increase interest rates to 10-15%, but they would also have to destroy all (or an equivalent amount) of the money they&#039;ve already printed that hasn&#039;t reached the market yet. There&#039;s no way they can think about this in an economy that simultaneously has a declining employment to population ratio and a growing number of able bodied workers not among the work force. Not only does that reflect on how zero % interest rates are required to keep things going, but there are that many less people paying taxes into the exponential debt monster. When people used to talk about &#039;oursourcing&#039;, what it was they were referring to was the global wealth redistristribution from the west to the east, and the east is buying gold exponentially too. If you&#039;re holding currency your wealth may be stolen by inflation, and if you&#039;re not holding hard assets your wealth may be stolen by unsavory characters. I never understood the mentality of giving your money to strangers. When you think about it, it is quite insane.[/QUOTE]</p><p><br /></p>

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