from The Daily Bell
Bernanke: Be Humble! … “Humble” is typically not an attribute associated with the Federal Reserve (Fed), especially in light of the trillions of dollars recently printed. Yet, in his latest press conference Fed Chairman Bernanke called for humility: we must be humble in setting monetary policy! The problem is, Bernanke’s definition of the word “humble” appears to be something entirely different from what – in our humble opinion – common sense might expect. – Axel Merk/Merk Funds
Dominant Social Theme: “We are humble because we are aware of the great monetary forces at work and will do all we can to triumph over them. Thank you. I am Ben Bernanke.”
Free-Market Analysis: Axel Merk of Merk Funds is out with another good analysis of the tremendous monetary inflation now inherent in the Western dollar reserve system and its eventual impact.
We have always argued … wait. Sooner or later there will be tremendous price inflation.