Not intend to insult central bankers' intelligence

But I seriously doubt if they understand liquity injection will cause more inflation. Just for example, Gordon Brown, the new british PM, told media sometimes ago, that correlation between Monetary expansion and Commodity price is "unclear". Our first impression would be this is a clever guy bullshitting public, but how did he make himself an idiot by selling half of British's gold reserve at possible lows 7 years ago when he was finance minister?

Rep. Ron Paul said in an interview that some Fed officials still believes USD is backed by gold, hard to believe but really hilarious.