The destruction of the U.S. Dollar has been spectacular over the past few days and it deserves further comment. It seems as if anytime the Federal Reserve chairman Ben Bernnake speaks in front of Congress we witness further devaluation of the U.S. Dollar. It is flat out criminal that the Federal Reserve chairman is indicating that additional interest rate cuts are coming down the pipe which will devalue the currency even further when the value of the currency is already getting hammered. The U.S. Dollar is at all-time lows against the Euro primarily thanks to the Federal Reserve’s policies. The fact that the Federal Reserve chairman gets up in front of these Congressional committees and tries to make the case that inflation is low and the economy isn’t facing a severe crisis is entirely insane at this point. Inflation is conservatively running at around 15% considering the recent increase in food and energy prices. Even more ridiculous is the fact that George W. Bush actually said today that the U.S. isn’t facing a recession. This is more insanity as all evidence contradicts what Bush is saying.

Inflation is the equivalent of currency devaluation and the U.S. Dollar is at all-time lows relative to other currencies. Bernanke speaks to us like we are a bunch of idiots as he attempts to convince us in his testimony that inflation is separate from currency devaluation. It is the same damn thing! Commodity prices are going through the roof and everyone sees it. The prices of oil, wheat, gold, silver and many other commodities have shot through the roof in U.S. Dollar denominated terms. The fact that we have multiple commodities all exploding in price at the same time is an indication that the value of the U.S. Dollar is being destroyed which is inflation. Sure, the wheat price moving up can be partially explained due to the biofuel scam, but it is more a phenomenon of the U.S. Dollar moving down in value. If the Federal Reserve continues this policy the U.S. Dollar won’t be worth anything and the entire economy will be destroyed.

Even more ridiculous is that George W. Bush also decided to put his own spin on the current economic situation today. Bush actually had the nerve to say that the U.S. isn’t facing an economic recession. Bush is technically correct in saying that we aren’t facing a recession but the problem is that we are already in an economic recession and that we are facing an economic depression. His economic stimulus plan which basically consists of getting the Federal Reserve to print up more U.S. Dollars and giving them to taxpayers will further fuel inflation and make the problem worse. If Bush really wanted to help solve the economic crisis he’d get rid of the income tax which allows the IRS to illegally steal from the American people. He’d also propose a return to a constitutional money system in which the only legal tender is gold and silver. This way, more money would be kept in the hands of the people who actually earn it instead of it being filtered back into this criminal money laundering system. Of course, the evidence is overwhelming that we are facing economic trouble considering the severe devaluation of the U.S. Dollar, the housing market collapse, poor job numbers and a myriad of other bad financial news. Bush is either intentionally lying or he is mentally ill and believes that he is living in an alternate reality.

Today, both gold and silver again moved up in value. Gold is set to pass the psychological barrier of $1,000 an ounce and silver is set to pass the psychological barrier of $20 an ounce very soon. Oil is now trading for $102 a barrel. The U.S. Dollar Index is at historically low levels. The U.S. Dollar Index plummeted yet again moving below the 74 level. These policies have resulted in the theft of the American’s people wealth and it is entirely unacceptable.

The rise of gold, silver and associate commodities is primarily due to the fact that the U.S. Dollar has been devalued through the Federal Reserve’s policies. Owning gold or silver will serve as protection against inflation. Gold or silver itself isn’t necessarily going up in value as it’s the U.S. Dollar that is going down relative to these assets.

Bush and Bernanke are two well paid liars that work in this criminal system. They know that if they actually told the truth about the economic problems that this nation is facing, there would be a revolution tomorrow and they would both go to prison.