"Inflation is always and everywhere a monetary phenomenon." This famous quote from Nobel Prize winner Milton Friedman really says it all about what is happening to fuel prices and inflation. The Federal Reserve is creating trillions of dollars in new currency to paper over the meltdown of 2008 and stave off a sovereign debt crisis in Europe... According to millionaire investor Jim Rogers, the Fed has already started its third round of QE. In an interview on Reuters, last week, Rogers said, "We already have QE3 ... Get out the Federal Reserve's balance sheet. You'll see that they've been pumping up -- you can see unadjusted M2 is going through the roof. Look at their balance sheet... ''

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