The FED printed enough money to bring its assets to 4T from 800B. Inflation was moderated by keeping gold prices suppressed and by the banks refraining from using their ability to increase lending money. This is now beginning to change, at least the banks reluctance to increase the money supply.
What we can expect to start happening is: 1. an increase in interest rates, 2. an increase in price inflation and 3. a drop in the price of bonds, especially Treasuries. The next thing we should see is an increase in the price of gold.
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