Ben Bernanke said it is not going to react to a short term increase in current inflation. So, if inflation picks up in the here and now, that is not going to worry Ben Bernanke because he is going to look beyond that to the future and if he is convinced that a rise in inflation today is going to be reversed in the future, he is not going to do anything.
In fact, he specifically said that he is not going to look at increases in the price of globally traded commodities. How convenient! That means oil, that means food, basically food and energy.
So if all the money printing creates an increase in oil prices or food prices, Ben Bernanke is not going to care. - in Bernanke Throws the Dollar Over the Currency Cliff videolog
Related: United States Oil Fund ETF (USO), SPDR Gold Trust ETF (GLD), Powershares DB Agriculture Fund ETF (DBA)
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.