From Daily Reckoning Australia
''So the Fed is simply giving us more of the same slop it's served up for decades...the same policies that have brought us to the brink of economic ruin. Now, as the inflated global credit structure collapses back into itself, the Fed has to run to stand still to monetise the collapsing debt structure.
That this policy will become an economic disaster is not in doubt. History will not be kind to Bernanke and the central banking fraternity. This is an insane policy designed to enrich the bankers and help monetise ongoing US$1 trillion plus Federal deficits. (Don't forget the Fed is still monetising $45 billion per month in long term Treasury securities, as part of 'Operation Twist'.)''
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