The Fed Is Losing The "Race To Debase"

`` To quantify, the Fed is now responsible for "only" 20% or so of US GDP, compared to 30% for the ECB and BOJ. To further quantify, to get back to first place in the race to debase, the Fed will have to do at least another $1.5 trillion in QE.'' -- This is what passes for a "hard money policy" these days--snicker!