I am normally a tolerant person and happy to have discussions with most people here. You, however, are a f*ckhead. I have nothing more to say to the likes of you.
Here is more truth that you hate. The FED is an instrument for whole sale grand theft of U.S. national treasure. It is the most hideous and most evil creature ever created in the history of mankind. Everything else about the FED and about what it does is just red herring or smoke screen to deceive and to mislead.
The Fed head has no clue what real inflation is because it uses inflation figures that are calculated by the government. These calculations are convoluted to the point where the government can manipulate/massage them to anything they like. Bernanke then uses these imaginary inflation figures to declare inflation is "too low." You have got to be kidding me. Like he knows "just the right amount" of inflation to target - what a joke. Please explain why deflation is bad. It rewards people who save money and are generally not stupid with their finances. The more you reward smart behavior, the better off this country will be in the long run. What Bernanke is doing literally stealing from us every single day in order to satisfy some fantasy of his that he can target the "correct" number. He is ruining anyone with savings, especially the elderly who have no means to enter the workforce in order to get wages paid in heavily inflated US dollars. If you do not protect yourself from this maniacal debaser, then you will be hosed.
Since LTCM, the Fed has been on a collision course headed to perdition. Greenspan, then proceeded to raise rates in 1999, only to simultaneously inject Y2K fear inspired liquidity, causing the Nasdaq scam. Wall Street knew what they were doing, and lackey Greenspan went along. Then came housing. And these jokers still have not addressed the derivative mess. The only misfortune suffered is the poor saps scammed by these financial outlaws. Obviously, some of the public is wising up. They deserve all the derision on these boards and elsewhere for what has been done.
Ben Bernanke is exactly like Nick Leeson or any other rogue trader who continually doubles down without a stop loss. Who is going to pull the plug before it is too late?
Nobody cares about your economic policy aspirations. Every sovereign nation has the right to print money whenever it deems necessary. As I said, you are out of your mind. You are at a state of severe psychosis. You are nobody to tell the FED what to do. They know, you know nothing. You are nobody, just an obscure forum poster. We are all. It is one thing to criticize and offer an alternative policy and another to scream around like a maniac without offering alternatives. The FED mandate is to keep unemployment and inflation low. They rarely care about exchange rates or the price of gold. Write to your local representatives and ask them to change the FED charter. Until then, shut up epecially when you have little or no understanding of what is going on.
But as soon as QE1 launches, the S&P 500 moves up from 800 in March 2009 to 1200 as of Apr. of this yr. The only question is, how much higher is the S&P 500 going to move up from yesterday's close.
Commodities also rose, and oil bubbled up 2.1 percent to $86.49 per barrel, its highest level in seven months. It was helped by OPEC comments that $90 oil will not hurt the global economy. Other commodities also soared. Gold set another record high, up 3.4 percent to $1,383.10 per ounce, and copper was at $3.9120 a pound, a two year high. Sugar was at a 30-year high, and coffee was at its highest level in 13 years. "OPEC comments that $90 oil will not hurt the global economy" HAH fucking joke!!!! Sugar 30 year high!!! Coffee highest level in 13 years.