A lucid article on this over at The Daily Reckoning.
Works in the short term but long-term consequences not good. Western creditors (China, Russia) moving out of U.S. debt into hard assets. Individual investors should do the same. Invest in stuff that won't be adversely affected by massive printing of money.
"Unintended Consequences." By Eric Sprott, The Daily Reckoning, 3/6/12.
A blog about Islamic intolerance and fanaticism; socialism; communism; government stupidity; and lying weasels everywhere, hopefully couched in vibrant and literate English and foreign words that make us look good.
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