QE3 - Indefinite Fuel for Inflation

QE3 is now official. The Fed will spend $40 Billion per month in fiat funds indefinitely 'even after economic recovery strengthens'. The 4th layer of smooth Tarmac to Wiemar has now been laid. Stocks go berserk and everything is butterflies and lollipops conveniently just before the election.

Just wait until the giant sucking sounds starts. At some point the same guys who are now blowing will decide it's necessary to normalize the money supply and will start sucking it back out. That process will be so loud, so strong, and so long I'll wager Carter's stagflation will look pretty favorable. It's no wonder almost 10% of the country has taken their $ out of banks.

Anyone with a knowledge of history care to explain to me how the bright light at the end of this tunnel is not a runaway freight train? Some good news would be great about now.