10yr Treasury hits record low of 1.68%. Oh wait...S&P downgraded our credit rating!

Where are the idiots at Standard & Poor's today? They should be asked to justify their clueless downgrade of the U.S. credit rating last summer. Remember that? Since then, rates have gone nowhere but down and the 10yr Treasury is making a new, record low yield today.

And while I'm at it, where's Jim Rogers, Peter Schiff, Rick Santelli and all the other clueless morons who've been warning of a spike in interest rates because of debt, rating downgrades, hyperinflation, and a collapsing dollar? Or Geithner, with his dumb comment about the U.S. having to earn back confidence to get a triple-A rating from S&P? What about Bernanke, repeatedly telling Congress that we must get our debt "in order" otherwise, we'll lose control of interest rates.

So, so, wrong.

Hyperinflation is just around the corner...central banks are printing money...it's coming...just wait...it's almost here...you'll see...

How many times have we heard these ridiculous inflationists tell us that all the "money printing" by central banks GUARANTEES that inflation is just around the corner?

In the past four years the world's five major central banks: Fed, ECB, BOJ, SNB, BOE have "printed" over $5 TRILLION. And guess what?? Commodities and gold are collapsing.

Here's the breakdown (all figures in trillions $)

Fed 2.2
ECB 2.2
boj 0.4
boe 0.26
snb 0.3

Total = $5.36 trillion.

Not to mention the record deficits everywhere--in the U.S. Europe, Japan, etc.

Still...no inflation.

But don't worry...it's coming!

What a bunch of dopes.