THE FED'S FOOLISH FANTASY OF 2% INFLATION
   
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2012-02-02

"The message from Fed Chair Ben Bernanke's testimony today is clear: The Fed is preparing to push their foot down on the throttle full bore to inflate this economy back to health and save the world, the dollar be damned."

"Congressman Paul Ryan's questions and comments were brilliant. He pointed out the massive expansion of the monetary base (coupled with velocity) will be devastating to the economy. The cost of living will explode and the Fed's 2% inflation target will be exposed as foolish fantasy. Gold is the only protection against the largest asset theft in world history. Ben Bernanke will make Bernie Madoff look like a saint. And he is doing it all legally. Disgusting!

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