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Robbery…Courtesy of the Federal Reserve!
Lately, I’ve been reading a lot of articles that are “showing” the effects of inflation. Here are just a few things that I’ve been reading about.Consumers are using their credit cards for necessities as inflation cuts U.S. incomes.
Hay stolen from Petting Zoo.
Deputies work overtime to catch 5 copper thieves.
As the price of goods is rising, people are resorting to stealing and borrowing just to survive. This is not a good scenario at all. But how did all of this come about?
Oh sure, some of it comes about because there’s more demand (due to population growth, etc.) than supply. But much of it is due to the money printing of the Federal Reserve.
While wages have gone up overall through the years…wages peaked in 1971 when looking at wages that are inflation-adjusted. Therefore, Americans have gotten poorer overall.
We don’t have bread lines anymore but we do have over 44 million people on food stamps. So it’s just a modern day approach to handle this matter and not draw so much attention to how bad off people really are.
Heck, you used to know when someone was buying groceries with food stamps back in the day. Today, they swipe a card just like you or I use a Visa or MasterCard debit or credit card. So it’s masked a bit more…but it’s there.
Inflation is robbery, any way you slice it. And who is the one that is making inflation even worse? The Federal Reserve. They are a robber that will never get tried or jailed for their crimes.
This is why it’s imperative that you get some of your money out of the U.S. dollar and into superior currencies like Singapore’s dollar, Norway’s krone, Australia’s dollar, China’s yuan, etc.
Whether you invest in foreign currency CDs, Currency ETFs through your stock brokerage account or directly in the spot forex market…make sure to do something so that all of your money isn’t eventually taken through the inevitable rise of inflation.
Sean Hyman
My E-Book
info@worldcurrencywatch.com
Editor, Currency Cross Trader
Other Posts from the Author
- What's happening in Greece could happen in America if we're not careful! - February 15th, 2012
- Oil Heads Higher as Super Tankers Stop Shipping Iranian Oil! - February 14th, 2012
- Revisiting the Iraqi Dinar Issue Again... - February 13th, 2012
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