More News
- Page Two
- News Links
Anarchives
Radio/TV
- Declare Your Independence with Ernest Hancock
Letters To Editor
- List of Letters
- Write a Letter
Join Us
Marketplace
- Buy Stuff - Sell Stuff
- Store on CafePress.com
Special Editions
RSS Feeds
About Us
Log-In

Make a Comment • Email Link • Send Letter to Editor

IPFS News Link • Federal Reserve

The Fed's Slogan: "Making It Harder To Feed Your Family For 98 Years And Counting"

05-26-2011 • ZeroHedge.com

One of the side effects of the overarching "price stability" mandate of the Fed, it turns out, is the fact that since its inception, food and pretty much all other commodity prices have, well, gone up non stop. All of this, of course, is courtesy of the relentless loss of dollar purchasing power, shown below on a log scale. At this rate, the dollar will have negative purchasing power in under 10 years. And, no, sorry exporting inflation to China (thank you 50 years of globalization and economic hitmen) to keep the price of everything in the core inflation bucket low ain't gonna cut it anymore. Other countries don't need US debt any more - they have enough of their own.

Read Full Story

Reported By Jack Gregson

Make a Comment • Email Link • Send Letter to Editor