(9-18-12) Fed Chairman Ben Bernanke and the other central banks are going "all in," as they say in poker, regarding "unlimited" injections of money into the global economy. This in itself should be worrisome.

When central bankers start to use the word unlimited" in terms of QE (Quantitative Easing), aka "bailouts" in the vernacular -- watch out.

This refers to unlimited injections of pabulum into the clouds of Hopium.

The central banks are saying that first they will bring down government long rates and then they're going to bring down intermediate mortgage rates. They are also saying that they are going to flood the planet with money and make it as cheap and as available as they possibly can. Then they'll issue all sorts of guarantees for everything under the sun.

Fed Chairman Ben Bernanke announced last week that the Fed is going to continue the current QE3 program, which is already ongoing. This is the bond purchase program, which will be extended out at least until December.