I don’t think it matters whether they speculate with it, loan it out, or just have a $600 billion bling party. Creating $600 billion out of thin air is going to cause inflation.
I completely agree well said.
Yes!
It's stupefying that anyone could think anything else. Actually, everyone -- Bernanke included -- knows that has been the goal all along. The ruling class sincerely believes that economic growth cannot take place without inflating the currency.
And it's important to remember that the ruling class doesn't mind inflation one bit. After all, they get their hands on the new money before prices have had a chance to rise. The profits they make with it more than compensate for the higher prices they'll have to pay later.