Feeling a little pinched when you gas up the old Suburban lately? Does a trip to the grocery store suddenly deprive you of your appetite? Your whole family needs to go on a diet anyway, right? We found this great video tutorial over the weekend whilst googling, which explains what's happening to the rapidly decling purchasing power of your personal pocketbook.
Don't be like the Standard-Examiner editors, and blame across-the-board "price increases" (it's not just oil prices that are going up) on greedy commodity producers. The chief problem is the falling (fiat) dollar, which is being intentionally "devalued" by the privately-operated U.S. monetary authority -- The Federal Reserve Bank -- as it dumps trainloads of cheap printing press dollars on the sagging world economy. The video:
As an added bonus, we link this fine Mish's Global Economic Trend Analysis blog post, which deals in detail with the history of debased currency and fiat money.
We already know some of our readers' eyes glaze over, every time we discuss the subject of economics. In that context we ask: Shouldn't you all learn a little more about economics, while your purchasing power is being flagrantly ripped off by the banking establishment and our compliant government?
Just because it's a slow Emerald City news day, it doesn't mean we can't all learn something new.
Right?
Comments, anyone?
