Ref the Rant against Prechter. Go out and buy his latest update on Conquer the crash and read the updated material. He explains quite well what you are addressing. The FED does not print money, they instead are offering credit. Over time things have been so good that this credit is perceived as money. In fact Treasury debt is even used as collateral to issue more credit. Over time of course this has evolved into a huge house of cards which will implode due to a systemic credit contraction which we are of course now in.

Ok, so Bernanke has caught the anvil falling out of the building. Now what... who does he pass it along to? It still exists (the toxic mountain) Pretend and extend can only fool for so long when they are piling more leverage onto the existing debt. Remember, you build from the bottom. Bernanke never let the anvil hit the bottom.

We are in the last moments of the dash for cash before it is too late. Get your house in order.

Plunger