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The Fed is Wrong...Inflation has Arrived

Fed Chairman Bernanke says inflation is still benign and not a concern. He's wrong! And he's behind the curve, dangerously so!

Inflationary pressures have been rising and recognized in many major global economies for quite some time, which has had their central banks raising interest rates and tightening monetary policies in efforts to bring rising prices under control. So far without effect, thanks to the intensity of the inflationary pressures.

The Fed looks out the rear view mirror and says that the 'core rate' of inflation, that is with the cost of food and energy removed, is up only 1.6% over the last 12 months, well within the Fed's comfort zone.

http://www.silverbearcafe.com/private/02.11/wrong.html



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I love Ben saying that they

I love Ben saying that they ain't no inflation

remember all those long

remember all those long discussions between the deflation/inflation camps? where have all those people gone?