It is the stated policy of the Fed to continue to devalue the US currency to attempt to bolster exports. Another $600-900B in devaluation was announced last week, the day after the elections, in the form of monetizing debt. Don't expect the dollar to improve in the near future. Because it solely controls the international reserve currency, the US can spread their economic trouble all over the world by devaluing the dollar, and they've done this to an astonishing degree. They seem to intend to continue until it collapses.

At last there is starting to be recognition that worthless fiat currency is not an answer to anything, and that central-bank caused inflation is a way of stealing from people, as you say in your post. Inflation steals from savings. What's needed is a hard currency beyond the grasp of a ruling class, greedy bankers, and corrupt politicians.


Edited by TigerJimmy (09/11/2010 18:57)