The dollar that is. With another round of “Quantitative Easing” already decided by our betters at the Federal Reserve, expect the value of the dollar to continue it’s downward trajectory. The Fed seems to think that all that needs to be done is the printing of another $600 billion and all will be right with the economy. Why not print up $1 or $10 trillion, surely that would be better right? Unfortunately, pieces of paper with pictures of dead presidents on it do not create real wealth, only inflation.
Most likely, the Fed realizes the dollar’s days are numbered as the reserve currency of the world and are simply bailing out more of their friends while the dollar still has value. A quick side note, since the advent of the Federal Reserve in 1913, the dollar has lost over 99% of it’s value. It’s called the inflation tax by those who recognize it and it hits the poor and middle class the hardest, as well as those who want to actually save money.
Of course, this is all done without any sort of congressional or public oversight, which is strange in a supposed democracy. There is nothing more important to a society than it’s money supply, and at the moment the US money supply and monetary policy is held unaccountably hostage by the Federal Reserve.
Rest assured that the Fed’s mischief will not be affected by that bit of pageantry that occurred on Tuesday, also known as elections. Substituting the red team for the blue team will do nothing to put us on the track to peace and prosperity.