Brian4Liberty
11-02-2007, 02:35 PM
Even Money Magazine is backing Ron Paul...(at least his warnings on monetary policy and the "inflation tax").
Perhaps this is an article that people can use to illustrate exactly what Ron Paul means when he talks about monetary inflation, and why he is so much better on this issue than all of the other candidates, who are completely oblivious.
This is especially good info for the older or retired voters to read. (Or anyone who cares about savings)
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"Retire Rich: Why the Fed's rate cut should scare you
Friday November 2, 11:03 am ET
By Janice Revell, Money Magazine senior writer
If you're saving for a retirement decades away, Thursday's big drop in the stock market shouldn't worry you too much.
But something did happen this week that you can't afford to ignore: the Federal Reserve's rate cut.
The Fed's actions could very well be ushering in a new era of inflation - and that is horrible news for your retirement portfolio.
When you save for retirement, you're saving for a lifetime supply of food, shelter and golf fees. Over time, the prices for these things only go one way: up.
...
With its rate cut this week, the Fed has made it clear that staving off recession is more important than reining in inflation.
But while the typical recession has lasted 18 months on average (not including the Great Depression), inflation can dog your finances for a long, long time.
Our last inflationary cycle stretched out for almost 20 years, from the mid-1960s to the early 1980s.
I'm not saying that the Fed's quarter-point rate cut is going to turn America into Argentina overnight. But you'd be wise to start taking steps to guard against the possible uptick in inflation.
...
I certainly can't predict the future, and neither can anyone else. One thing I do know, however, is that inflation now presents more of a threat to your retirement portfolio than it has in a long, long time."
http://biz.yahoo.com/hmoney/071102/110207_revell_moneymag.html
Perhaps this is an article that people can use to illustrate exactly what Ron Paul means when he talks about monetary inflation, and why he is so much better on this issue than all of the other candidates, who are completely oblivious.
This is especially good info for the older or retired voters to read. (Or anyone who cares about savings)
---
"Retire Rich: Why the Fed's rate cut should scare you
Friday November 2, 11:03 am ET
By Janice Revell, Money Magazine senior writer
If you're saving for a retirement decades away, Thursday's big drop in the stock market shouldn't worry you too much.
But something did happen this week that you can't afford to ignore: the Federal Reserve's rate cut.
The Fed's actions could very well be ushering in a new era of inflation - and that is horrible news for your retirement portfolio.
When you save for retirement, you're saving for a lifetime supply of food, shelter and golf fees. Over time, the prices for these things only go one way: up.
...
With its rate cut this week, the Fed has made it clear that staving off recession is more important than reining in inflation.
But while the typical recession has lasted 18 months on average (not including the Great Depression), inflation can dog your finances for a long, long time.
Our last inflationary cycle stretched out for almost 20 years, from the mid-1960s to the early 1980s.
I'm not saying that the Fed's quarter-point rate cut is going to turn America into Argentina overnight. But you'd be wise to start taking steps to guard against the possible uptick in inflation.
...
I certainly can't predict the future, and neither can anyone else. One thing I do know, however, is that inflation now presents more of a threat to your retirement portfolio than it has in a long, long time."
http://biz.yahoo.com/hmoney/071102/110207_revell_moneymag.html