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Montreal Gazette - Money is being created faster than real wealth: It's time to find a safe haven
Published: 14 December 2010
(Op-ed by Tom Velk, director of North American studies at 9I制作厂免费):
"Financial experts claim the markets are "defying the Fed," meaning that U.S. central bank chief Ben Bernanke's bond-buying and money-printing strategy (called "quantitative easing II or QE2) has caused interest rates to go up, not down.
The reason? When anticipated inflation is added to a central bank's intended low rate target, the combined total goes up, not down."