Federal Reserve considers "accommodation" as required to meet targets.
(1888PressRelease) January 27, 2012 - MIAMI, FL - Federal Reserve Chairman Ben Bernanke spoke of "asset purchases", basically a synonym for "quantitative easing" and stated that the Federal Reserve was considering further "accommodation". These euphemisms really suggest that the world's largest economy will deal with its debt problems by printing more money.
Over in Europe, we learn that Greek bondholders are now being asked to accept 'haircuts' as high as 70%, rather than the 50% that was apparently agreed on earlier. It is obvious to even the most inobservant that Greece is completely unable to service her debts. Given the trillions of dollars and euros that are owed by the US and many European countries, it is indeed difficult to see how these huge sums can ever be repaid; printing more money, whether it is called "quantitative easing", "bond-buying" or "asset purchasing" is likely the only answer; the debt will effectually disappear.
"We are given to understand that only increased spending will stimulate the economy and encourage growth," says Bill Hionas of Pan American Metals of Miami, a South Florida precious metals company. "Spending, however, for decades now, has been fueled by readily available credit and at some point the debt becomes due. While individuals have the option to default by declaring bankruptcy, countries have other options available to them. Central banks have the power to print more money and many are doing just that."
Any country defaulting on its debt would have ramifications that would be felt throughout the global economy; as such, national leaders will do everything in their power to prevent this from happening. We can expect to see a surge in demand for investments with intrinsic value, such as precious metals bullion, as individuals attempt to protect their wealth from currency devaluation.
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Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Website: http://www.panamericanmetalsofmiami.com
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Pan American Metals of Miami, LLC
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Website: http://www.panamericanmetalsofmiami.com
Federal Reserve considers "accommodation" as required to meet targets. 
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