Inflation is getting out of control and this bookworm knows only one thing, that if the US printed a ton of money during the 1930s, there wouldn't have been a Great Depression. Now he's out to put his theories into practice, trying to prevent something that's not even close to happening. Injecting stimulants into an aging patient thinking that's the cure. He's thinking new ways to hand out money to Wall Street through TAFs taking in garbage that no one wants, devaluing the dollar in the process. Crude oil is $129/barrel. And Fed funds rate is at 2%! The guy thinks that if he tells us that inflation is under control, we'll believe him. Inflation is the killer of the poor, the banks love inflation because they get to use the money first before it rapidly loses value. The only inflation hedge out there are commodities. The euro will budge under US pressure at some point and print to keep their currency from becoming too strong. Same with the Swiss and other fiat currencies. A Fed hell bent on stopping a recession even before it starts is only going to cause oil to go higher. Its not Goldman thats causing this rise, its coming from 2 factors, supply/demand, and Bernanke rolling the printing presses non stop.