qe3 is already happening imo. they don't have to tell us in advance.
Fed bought mortgages, car loans, credit card debit, cdo's and derivatives in the past. The US Treasury bought car companies, banks and mortgage companies.
The Fed this time can buy anything it wants imo. US banks like Bank of AmericaMerrillLynchCountryWideFinancial own plenty of derivatives they can sell to the Fed. Probably make a profit selling these products also. Fed likes to pay 100 cents on the dollar when buying toxic 'assets'.
Money printing by the fed is inflation. Inflation causes prices to rise. Gold could surge to US$2,500 per ounce or higher by the end of 2011, according to J.P. Morgan commodity analysts Colin Fenton and Jonah Waxman.
http://business.financialpost.com/2011/08/08/gold-may-hit-2500-in-2011-jp-morgan/
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