All I said was the FED cannot backstop everything. They will fail eventually. The 1220 area S&P was a target of mine from prior posts. We are there today.(April 2010 peak) It will be interesting to see if this point is exceeded. Or failure occurs here. The usual outcome of inflation during Greenspan years was for inflated Dollars to find their way into the market pushing prices higher. This time we are operating under different set of circumstances, and "I" believe we will get a rise that will ultimately shear off and fail dramatically. The "when" is the unknown. I think you will recognize it. Watch for how many things the FED has to handle in the near term...that rising tide will be one signal....as well the reaction of the world to our handling of the "reserve currency" will as well be VERY important.
As a side note: Check out the premiums charged by KITCO on Silver bullion above spot price. $$$$$$$ Lots of buying going on at high premiums. Another indication of higher prices in the future?
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