Tuesday, January 27, 2009

Take A Look At Real Inflation

Not too long ago, I posted a blog entry that linked to a photo of the real returns, or lack of real returns, that stock investors were seeing during the receding market of 2008. It's impressive. And sad. It's the worst ROI that unlucky investors have ever seen – and that includes the stock market conditions of 1931. So I've now found another disturbing jpeg. It's from the Federal Reserve Bank of St. Louis. I have to wonder what our policy makers think when they see charts like this. Devaluing our currency so rapidly is going to create massive economic shock waves for years to come. And this chart proves beyond a doubt that Federal Reserve Chairman Ben Bernanke is the orchestrator of the most significant devaluation of American currency in U.S. history.

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