We're printing more money

This is hard to believe. To help Greece, where government workers can retire at 53 and receive 14 months of pay per year, the US govt has agreed to contribute at least $54 billion. This will necessitate printing more money. This is why THEY NEED TO GO.

The swaps, though, will make the Fed's balance sheet grow to perhaps $2.5 trillion from its current $2.3 trillion, said Delta's Pento.

Putting more US money into circulation at a time when the central bank is trying to shrink its balance sheet will only add to inflationary pressures down the road, he said.

"With an over-$2 trillion monetary base, the damage is already there," Pento said. "You've lit fire to a building that is already burned down."