QE2 Begins – Fed Continues Monetization

From Yahoo Finance:

Ben’s at it again. The Federal Reserve will monetize $600 billion more in debt plus refinance $300 billion from previous purchases. Action was roughly in line with expectations (“analysts” always seem to know what will happen).

Read more here: Yahoo Finance

Note: QE2 = quantitative easing round 2 (QE is some ridiculous academic term for MONEY PRINTING)

Got gold? 🙂