QE4 In The Works – Americans Worried About Inflation

I have given fair warning here months ago for my readers to start looking at putting either gold or silver away a little at a time to hedge against inflation. Well now it appears the most Americans are fearing what the little hedge would protect against inflation. With Barack Obama’s re-election, and the Federal Reserve in the heat of quantitative easing three and pursuing QE4 by year’s end we may be in for a rough ride.

Rasmussen Reports:

Most Americans remain concerned about inflation but are beginning to express a little more trust in the Federal Reserve Board’s ability to control it.

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A new Rasmussen Reports national telephone survey finds that 76% of American Adults are at least somewhat concerned about inflation, including 48% who are Very Concerned. Twenty-two percent (22%) are Not Very or Not at All Concerned.

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Inflation will be a reality, especially with the Federal Reserve going into more quantitative easing. They began QE3 earlier this year which, during my interview with Ron Paul, we discussed exactly how that effects you and me.

Eleanor Lawrie writes,

Managers believe that Barack Obama’s re-election will be followed by more quantitative easing, as he continues to pursue policies of central bank intervention into the global crisis.

Jack McIntyre, global bond portfolio manager at Legg Mason, said that the Fed’s current programme of $40bn (£25bn) a month of quantitative easing could more than double during Mr Obama’s second term.

“We have reduced our US dollar exposure due to quantitative easing and we think president Obama will continue buying long-dated treasuries. The $40bn programme could turn into $85bn.”

CNBC reports:

The central bank during Obama’s presidency has expanded its balance sheet from about $800 billion to approaching $3 trillion, with even more growth to come as the Fed cranks up the third round of its quantitative easing debt purchasing program.

“With Obama getting re-elected it’s sort of the status quo and the QE carries on,” said Lee Ferridge, head of macro strategy for North America at State Street Global Markets. “The result is positive for risk generally — negative for the dollar but positive for risk. We know the extremely loose monetary policy we’ve been used to so far will continue.”

The election aftermath immediately saw speculation that the Fed even may amp up its QE efforts.

“The market reaction might be quite positive because the Europeans are clearly voting with relief that this seems the U.S. isn’t going to go down the austerity route,” Chuck Gabriel at Capital Alpha Partners told CNBC. “And it looks as though QE4 will be fine as early as the end of the fourth quarter.”

I’m just giving you warning here my friends, gold is up and silver is stable. Now is the time to purchase to keep from losing what you have. I recommend “junk silver” or pre-1965 dimes.

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