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Will the Fed’s over-reaching lay the groundwork for a catastrophic round of inflation?

*The Wall Street Journal, by Joellen Perry, June 3, 2009

“German Chancellor Angela Merkel, in a rare public rebuke of central banks, suggested the European Central Bank and its counterparts in the U.S. and Britain have gone too far in fighting the financial crisis and may be laying the groundwork for another financial blowup.

‘I view with great skepticism the powers of the Fed, for example, and also how, within Europe, the Bank of England has carved out its own small line,’ Ms. Merkel said in a speech in Berlin. ‘We must return together to an independent central-bank policy and to a policy of reason, otherwise we will be in exactly the same situation in 10 years’ time.’ “


*This information is solely a highlight of the opinion of a third-party publication and is incomplete.  Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

Monex Bullion Investor