Real truth from Frank Shostek on Bernanke’s latest money printing activities over at the Fed:

QE3: Sowing the Wind

It is questionable why all this pumping should revive the economy given that the zero-interest-rate policy and the over $2 trillion in monetary pumping since 2008 haven’t been successful. We suggest that by introducing further massive monetary pumping Bernanke is running the risk of severely damaging the US economy. Consequently, this raises the likelihood that the US could remain in a depressed economic state for a prolonged period of time.