Richard Fisher, president of the Federal Reserve Bank of Dallas, says that he can envision QE2 leading to a weaker dollar, "super ordinary inflation," financial speculation and accelerating the transfer of wealth to the rich "from the "poor and the worker and the saver," reports the Houston Chronicle.
Got that? "Super ordinary inflation".
Let me put it this way. When a staid Federal Reserve banker is using a convoluted term like, "super ordinary inflation", what he is really saying is that he fears hyper-inflation.
Hug your gold coins, today.
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