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What Exactly IS the Fed’s Inflation Mandate? 100% Inflation?

Remember back when Bernanke claimed that more QE would lower interest rates? What was it… less than six months ago. Strange that this claim would be so far removed from every journalist (and the minds of regulators and Congress) when the markets have proven Bernanke to be an outright fraud.

 

Indeed interest rates have done nothing but go UP since Bernanke began QE lite and and QE 2 (lower bond prices means higher yields). I thought academics actually took into account actual data before making bold claims. I guess I was wrong. Our Ivy-league educated Chairman obviously doesn’t check on bond prices… ever.

 

 

 

Aside from this, we also have him claiming the following,,“we expect the unemployment rate to remain stubbornly above, and inflation to remain stubbornly below, the levels that Federal Reserve policymakers have judged to be consistent over the longer term with our mandate,”

 

Really Ben? REALLY? You sure that it’s not you remaining stubbornly defiant of common sense, reason, or even basic human decency by pumping the system with easy money, resulting in soaring food prices, riots and outright starvation?

 

You want to see inflation, Ben? Here it is:

 

 

 

That’s a 21% increase in prices since QE lite alone. 21%. Is that BELOW the Fed’s mandate? If so, what exactly is the Fed’s mandate? 100% inflation?

 

Here’s the real zinger, agricultural commodities:

 

 

 

That’s a 43% gain since QE lite was announced. Annualized that comes to darn near to a 100% increase in prices. Is THAT the Fed’s long-term inflation mandate? Zimbabwe?

 

Well, at least stocks would be up to 36,000.

 

Get ready for inflation now!

 

Graham Summers

 

PS. If you’ve yet to take steps to prepare your portfolio for the coming inflationary disaster, our FREE Special Report, The Inflationary Holocaust explains not only why inflation is here now, why the Fed is powerless to stop it, and three investments that absolutely EXPLODE as a result of this.

 

All in all its 14 pages contain a literal treasure trove of information on how to take steps to prepare AND profit from what’s to come. And it’s all 100% FREE.

 

To pick up your copy today, got to http://www.gainspainscapital.com and click on FREE REPORTS.

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