"If I knew for a certainty that a man was coming to my house with the conscious design of doing me good, I should run for my life." - Henry David Thoreau "Government is essentially the negation of liberty." – Ludwig Von Mises
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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment