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Silver Wheaton Corp. Message Board

  • boulmichone boulmichone Sep 4, 2012 5:15 AM Flag

    The coming GREAT inflation! FED official shockingly blunt!

    Unlike the Germans in the 1920’s and Zimbabwe recently where they ACTUALLY PRINTED PAPER MONEY, our Fedsters, Uncle Ben and the boys; “computer conjure up” alleged money between their terminals at the Fed and Treasury. It is all smoke and mirrors just like the Wizard of Oz, for now that is. They and their media cohorts have done a masterful job of fooling the public and trained Wall Street to jump on command. Just like Ben’s Friday #$%$ about they are really, really thinking hard about doing something. And the markets soaked it up! Or maybe they actually pushed the markets up from their terminals.

    However one very telling and shockingly revealing thing came from Philadelphia Fed president (really gang leader) Plosser on a CNBC interview with Steve Leisman.

    PLOSSER: THE PREDICTION COMES FROM THE MAGNITUDE OF THE BALANCE SHEET AND THE MAGNITUDE OF THE EXCESS RESERVES THAT ARE FLOATING AROUND THE SYSTEM. ONE AND A HALF TRILLION DOLLARS THAT HAS NOT BEEN CONVERTED INTO MONEY YET IT IS SITTING IN THE BANKING SYSTEM. WHEN THOSE EXCESS RESERVES BEGIN-- I DON'T KNOW WHEN THEY WILL BEGIN, BUT WHEN THEY BEGIN TO FLOW OUT INTO THE ECONOMY THAT’S WHEN THE RISK OF INFLATION WILL BECOME EVEN MORE HEIGHTENED THAN IT IS NOW. SO RIGHT NOW IT IS JUST A RISK AND IF WE ARE GOING TO BALANCE COSTS AND BENEFITS WE ARE GOING TO HAVE TO TAKE INTO ACCOUNT THE RISKS WE ARE TAKING AND THE SIZE OF THE BALANCE SHEET IS A RISK BECAUSE WE HAVE NEVER BEEN IN THIS POSITION BEFORE.

    Sentiment: Strong Buy

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