Montreal Gazette - Money is being created faster than real wealth: It's time to find a safe haven

(Op-ed by Tom Velk, director of North American studies at McGill University):

"Financial experts claim the markets are "defying the Fed," meaning that U.S. central bank chief Ben Bernanke's bond-buying and money-printing strategy (called "quantitative easing II or QE2) has caused interest rates to go up, not down.

The reason? When anticipated inflation is added to a central bank's intended low rate target, the combined total goes up, not down."