(After we audit the FED can we get back to sound money?
Here's a chart of the price of the FAO food price index as measured in gold (priceingold.com).
Wait you thought the price of food was increasing? Nope the value of your dollar is decreasing. Thanks Uncle Ben! - promoted by Rob "EaBo Clipper" Eno)
Another round of Fed easing seems to be following European Central Bank "action".
We should understand by now that these central bank actions really don't make new products or create jobs. At best they can mitigate mistakes made on the fiscal side by robbing Peter to pay Paul, and hoping things get corrected before Paul notices.
At its core, all quantitative easing does is raise prices. It's that simple. Everything costs more so it looks like the economy isn't contracting. Stocks stay high even though if you sold them and took out your money, it would buy half the actual stuff it did ten years ago.
All it does is raise prices.