Fed minutes: easing may be needed "before long"

The ongoing default through debasement of previous issued bonds will soon intensify through the policy of quantitative easing part two. This debasement is illustrated in a declining US total return long bond to gold ratio.

Long-Term U.S. Government Bonds Total Return Index (LTGBTRI) to Gold Ratio:

Federal Reserve officials believed in September that further help for the struggling recovery might be needed soon and discussed how best that might be done, the central bank said on Tuesday.

Policymakers had a "sense that (more) accommodation may be appropriate before long," minutes of the Fed's last meeting on September 21 said.

Source: finance.yahoo.com