Fed begins unlimited QE

[Chiropteran]

Having purchased a home one year ago, I wouldn't really mind if we had a little inflation devalue my mortgage.

 

[DucatiMonster696]

Nice interview with billionaire Frank Giustra explaining the position he is personally taking on the future and why he is playing the inflation card and banking on it to increase his wealth. At the 12:15 mark it basically states that inflation will make it easier for the wealthy to continue getting wealthy so long as they are diversified and everyone else who has their wealth concentrated in currency will be figuratively murdered along with their savings. Notice that his stocks are international, global, and pay high dividend yields along side his investments in commodities.

http://www.youtube.com/watch?v=9o30gNfPq_k&feature=player_embedded#

Edit: Love his use of 16th century Spain analogy which he feels better reflects the situation in the US rather then old Rome analogy.

Peter Schiff view which mirrors Mr. Giustra's on the effects of the FED's view on QE everywhere and anytime.

http://www.youtube.com/watch?v=LS879r7xeLc&feature=player_embedded