US Dollar Continues To Fall While the Aussies Push Upwards

Why should you care?

Well, about a week ago, the Swiss Franc is broke parity with the US dollar, trading at $1.02 per Franc. Never before has this happened. Other currencies of note, the Canadian and Australian Dollars are just short of trading at parity. Gold is constantly breaking records and while silver has beaten it's 30 year high, it has yet to beat its record of $50 an ounce, and if things keep going they way they are, it will.

All these things point to inflation. The dollar is simply losing its value due to the Federal Reserves' short-sighted monetary policies. You know, it's interesting to look back at the Republican debates of 2007. Ron Paul was the ONLY one to talk about getting rid of the Federal Reserve and returning to a sound monetary policy backed by gold and silver. In other words, a return to the Constitution.

It saddens me when I see smart individuals like Obama act so backward. He wanted change, and if he was sincere, he'd enact real change. Change, such as repealing regulatory laws that increase costs to business. How about repealing legal tender laws and allow gold and silver backed money to compete with federal notes. I bet the poor that he bemoans would make out even while the rich did also. If he wanted to change education, then how about repealing that horrendous "No Child Left Behind?" Or how about giving everyone a tax holiday for the year, since the economy's so bad.

Before this gets too far off track, there are a lot of things that Obama could have proposed that would have given us a better financial outlook, a stronger dollar and a quicker recovery. While we inflate our dollar, Australia has decided to increase its interest rate to above 5%! Let's mark this down in our notebooks and come back to in a few years and see who's better off. My bet's on the Aussies.