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Laying the Groundwork for QE3   December 3rd, 2010
Bernanke suggests QE3 is possible on 60 Minutes       


More observations...

With QE2 having only just begun, Federal Reserve Chairman Bernanke is already laying the groundwork for QE3--more money printing after the current round of money printing!

Federal Reserve Chairman Ben Bernanke this Sunday will make his second appearance on 60 Minutes, defending the central bank's controversial $600 billion bond buying program.

And he doesn't rule out the possibility that more could be on the way.

Well, that came fast. As I wrote a week ago, "Indeed, it's difficult to envision a course of events that doesn't include printing money a third time, and a fourth time, etc... The current trend would suggest that an even larger QE3 is on its way--probably in late 2011 or early 2012."

In other news, gold hit a new record today closing at $1,406.20. Coincidence? Probably not.

I won't comment further on this insanity right now other than to link to other previous articles I've written on the subject.

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