2012-10-01kingworldnews.com

The truth is the Fed doesn't have many short-term Treasuries left to sell.  Evans said the $45 billion a month should last at least a year.  That's $540 billion worth of what he indicated would be a combination of mortgage-backed securities and Treasuries.

Well, you cannot sterilize $540 billion, in addition to the $480 billion dollars that you are already doing, when the Fed's balance sheet shows that they are almost out of short-term Treasuries.  So this will be an unsterilized, open-ended, double-down version of QE3, and that's why you are seeing gold and commodities soar.


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