Hyperinflation: QEV Looms!

• Hyperinflation: QEV Looms! 
  by http://larouchepac.com/ 
  The probable lack of a broad White House/Congressional austerity agreement in 2012, will likely mean an intensification of Federal Reserve hyperinflation policy in 2013.
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  Helicopter Ben Bernanke has already announced the “QEIV” policy to escalate on Jan. 1, purchasing a 2013 level of $1.1 trillion in securities from the big banks, winding up owning a third of the entire U.S. Treasury market and a quarter of the GDP, and buying 70-80% of all fixed-income securities issued in the United States in 2013.
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  But two weeks ago Bernanke also warned he would escalate the money-printing further in 2013 if 2012 ended with no solution to the “problem” he invented, the so-called fiscal cliff. Bloomberg TV asked, “If the policymakers were not to agree to some sort of deficit deal by the end of this year and we were to go over the fiscal cliff, … the size of these asset purchases could indeed grow in response to that?” Bernanke’s response: “Yes. If the economy actually went off the fiscal cliff, our assessment, the CBOs assessment, outside forecasters, all think that that would have very significant adverse effects on the economy and on the unemployment rate. And so, … we would try to do what we could. We would perhaps increase a bit.” “A bit” is reported likely to be $110-120 billion/month in money-printing.

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