By now I'm sure many of you have heard that Fed Chair Ben Bernanke has announced a third round of quantitative easing. The Federal Reserve will borrow or print $40 Billion every month to purchase US Treasury or Mortgage Backed Security (MBS) debt. The difference between this round and the previous two, is that this effort is open ended. No time limit, no cap. The Fed 'hopes' that they can stop this activity by mid 2015 and add 'only' another $1.4 TRILLION to our already $16 plus Trillion debt.