Fed Chairman Ben Bernanke goosed up the market late last week by suggesting a big cut was in the works.

Not directly, of course. He can't just say what he means. But the hint was enough to push the market up 100 points or so.

"We stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks," he said.

Then, the bottom fell out – again. The next day the market plummeted to fresh lows.

Unfortunately, the Fed is now very likely to significantly increase its purchases of Treasury securities, which would increase the monetary base. Wall Street has been begging for action that would lower short-term interest rates.

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Well, here's what I have to say about that:

Go ahead, push the Fed to increase the monetary base, because one outcome is certain if the Fed follows the desperate advice of Wall Street's self-interested "experts."

What will happen next is, the exchange value of the U.S. dollar will fall and inflationary pressures will skyrocket. Gold prices, already breaking records, will continue to surge.

But, I really don't care what the Fed does and neither should you, if you have subscribed to our new investment service — The ETF Strategist.

Why you ask? Because I've already identified several exchange-traded funds (ETFs) that I'm confident will generate handsome investment returns whether the Fed decides to significantly increase the monetary base or to maintain the money supply near its current level.