Broken Record Plays On

The Federal Reserve continues to devalue the dollar. It cannot be stressed enough that you must have a plan to protect yourself from ongoing debasement. Unfortunately that is easier said than done. We all must use dollars as a medium of exchange however you must hedge against continued dollar weakness in the form of commodity exposure. Own gold, own oil, own agricultural commodities. It probably would also make sense to have some of your wealth in a foreign currency. This is serious business, folks.

The Fed is stuck between a rock and a hard place. On one hand inflation is completely out of control. On the other the economy is clearly slowing as consumers who have relied over the last five years on mortgage equity withdrawal begin to fill up their credit cards. Don't even try to tell me that inflation is "contained". That's horseshit! As a matter of fact I'd go so far as to say that government inflation statistics are an outright fraud. However, it's these same bogus inflation numbers that have allowed the Fed to ease despite the fact they should be trapped.

The American people are nearly oblivious to this fraud. Sad as it is, at this point we are going to get what we deserve. Deserve? Yes. Just look at our politics. For example, the Democrats are using a 12-year-old boy to convince the public that the S-Chip health program should be extended. Granted, the S-Chip program is to the benefit of our children but still. Worse than that is the fact that the Republicans are actually attacking said 12-year-old boy. He just came out of a comma for christ sakes! Disgusting.

I will concede that in the latest Republican debate Ron Paul actually spoke to my issue- the currency/inflation- eloquently. That man is on the ball and he makes a lot of sense. Problem is he's polling like 2%. He's considered a joke. A pariah in his party. The people laughing at and belittling him are the same ones who scoff at Peter Schiff. The same ones who don't take my vehement warnings seriously. That's just about everyone. Yep. We deserve what's coming. Sad.