[Hoot Gibson]

BTW the govt is not devaluing our dollar. The Federal Reserve is devaluing our dollar, and don't let the word Federal confuse you. It is a group of private bankers, it has nothing to do with our govt.

You wanna get our economy back on track, vote Ron Paul as he will end the Fed. Reserve on his first day in office. Something that must be done. Nothing else really matters to me at this point, there will be no recovery and we will never have our country back as long as the Fed. Reserve is allowed to wield its unchecked power. It is unconstitutional, and 99.9% responsible for the mess we are in now. They make tons of money when we are in deep debt.

It's official, the Fed acknowledges long-term plan to devalue the dollar. If the federal government could limit spending increases below the rate of GDP, the budget would eventually balance itself as we paid interest on the debt with increasingly cheap dollars - but no government has successfully and intentionally inflated their currency and reined in wasteful spending. We are on a path to our own destruction.

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The Federal Reserve's Explicit Goal: Devalue The Dollar 33%

For the first time Wednesday the U.S. Federal Reserve announced that it will specify a 2% long-run inflation target, the level that was long-considered the central bank’s implicit goal.

The news came after the central bank wrapped up a two-day monetary policy meeting Wednesday with the decision to keep interest rates at exceptionally low levels until at least late 2014, compared with mid-2013 as of December.

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The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.

An increase in the price level of 2% in any one year is barely noticeable. Under a gold standard, such an increase was uncommon, but not unknown. The difference is that when the dollar was as good as gold, the years of modest inflation would be followed, in time, by declining prices. As a consequence, over longer periods of time, the price level was unchanged. A dollar 20 years hence was still worth a dollar.

But, an increase of 2% a year over a period of 20 years will lead to a 50% increase in the price level. It will take 150 (2032) dollars to purchase the same basket of goods 100 (2012) dollars can buy today. What will be called the “dollar” in 2032 will be worth one-third less (100/150) than what we call a dollar today.

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