Eagle76 I doubt anything I say will convince you otherwise, though even you state "the FED has done nothing but delay the inevitable." Since your view of the inevitable is not a pretty picture, delaying it would seem to be a good thing. Your Charles Hugh Smith link seems basically to warn about the dangers of a coming hyperinflation. That is indeed a danger, but I don't think that will be the FED's fault, but rather the Congress' deficit spending. The danger comes when interest rates start to raise and the interest on the debt consumes more and more of the Federal budget. The only way out of that mess is to inflate our way out of it as far as I can see. When that happens, I don't know but that is a real danger.
I confess to being a Keynesian, you pump money into the economy in bad times and take it out in good. We have mastered the first part of the equation, but alas not the second. When it all comes home to roust(?), I don't know. Maybe in my lifetime maybe not. In the meantime, I just wait for MNKD and AFREZZA to report 900+ scripts a week.