Money printing coming to an end

[phoenix64]

Big drop on tail end of trading today all signals
pointing to a beginning of the end for qe

[liberty]

But gold had a substantial surge today. Did gold investors not get the memo?

Money printing is not coming to an end anytime soon. QE will continue until such time as bond investors begin dumping the U.S. dollar and not before. The U.S. federal government simply cannot sustain even a one or two percentage point increase in its debt servicing costs without courting bankruptcy and the Fed knows it.

[cottonpicken]

The top american economist Paul Krugman has had
two ideas the last year to get things back on track.

1;fake an alien invasion
2;mint a trillion dollar coin out of platinum

Seriously

Once the zero interest rate policy(zirp) bullet has
been shot,it can never be undone.

Go back a few years and what fraction of a percent of
even the most astute market followers could foresee
the outright monetization of debt?

Total global credit market debt has been annualizing
at 11% for the past decade to bring us to 340% world
gdp.

So,like Tom,alls i have to say is Cheers.But i aint
sippin on orange juice.

[rhoff]

I'm amazed how confident people are that QE is
going to be stopped just from reading into the fed
minutes that were from over a month ago. I'm
pretty sure the FOMC has had dissenters all
along.
Keep in mind Japan is just about to start printing
like never before.

[Kodiak]

To print or not to print?

"Whether 'tis nobler in the mind to suffer the slings and arrows of outrageous fortune or to take arms against a sea of troubles -and by opposing end them."

Is this what is going through Ben's mind? Is madness creeping into his brain? Does he have a death wish?

Carry on with QE and suffer the slings and arrows of politicians and the public when they realize their savings and investments are left valueless because of currency debasement? Or take up arms against the politicians (who insist on spending what they don't have)---quit printing, and suffer the slings and arrows when deflation robs everyone of the value of their property and investments?

Quite a pickle. Anguish and indecision. Is Ben wondering if he should have avenged the death of the US economy, and put an early end to Uncle Greenspan's legacy of easy money?

Ophelia

[ColevilleH2S]

That post should be framed and put on a
wall. Good job Kodiak

[TOM4CWB]

Looks like Osama BinLaden to have a good laugh... at
the expense of Obama...

That was really true arrogance... boast of Killing
Osama in his state of the union... What a haunting
thing to do....

[cottonpicken]

http://www.bloomberg.com/video/fed-action-to-prompt-return-to-gold-standard-grant-QP9RiAAUQ0aHMjh5c7zh4g.html

When you go to wikipedia and see who owns the gold,this looks very plausible considering the anglo/saxon crowd would pull
the rug out from the brics.

[Kodiak]

Who is right? Krugman or Grant? Two different ideas for a solution to one big problem. Or in the end does it matter - we face the same inglorius fate?