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<p>[QUOTE=&quot;pmbug, post: 1405046, member: 36982&quot;]Jim Rogers says that QE3 is and has been happening for some time now:</p><p><br /></p><p><a href="http://jimrogers-investments.blogspot.com/2012/02/qe-3-is-already-taking-place-look-at.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://jimrogers-investments.blogspot.com/2012/02/qe-3-is-already-taking-place-look-at.html" rel="nofollow">http://jimrogers-investments.blogspot.com/2012/02/qe-3-is-already-taking-place-look-at.html</a></p><p><br /></p><p><br /></p><p><br /></p><p>I don&#039;t see it.&nbsp; The Fed has to maintain ZIRP for the foreseeable future.&nbsp; If interest rates rise materially, it will be impossible for the Federal government to maintain the rolling debt service.&nbsp; Foreign countries have curtailed buying of US Treasuries and the Fed has to step in (directly or via their proxy banks) to make up the shortfall.&nbsp; The rest of the world is actively working on setting up alternative payment systems in anticipation of the demise of the petrodollar.&nbsp; YMMV.[/QUOTE]</p><p><br /></p>

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