The minutes from the most recent Federal Open Market Committee meeting have been poured over by countless pundits who have shown the same level of consensus that Congress has on the sequester. But if you actually look at the Federal Reserve Board's prior statements and understand the dynamics of their meetings, it's rather apparent that its aggressive monetary policy will continue for a long time, possibly even after current Chairman Ben Bernanke retires.

The Fed's easy money policies have numerous potential unintended consequences, namely that inflation may accelerate faster than expectations, the dollar's dominance as a reserve currency will continue to wane and precious metals, including gold, will strengthen over the long term. This central bank policy, which supports the growth of debt, also enables a more lax fiscal policy and could lead to stagflation.

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