Inflation is a Ripoff

Today the Fed directly inflates our money on purpose.

Common-sense old-fashioned financial wisdom says to stay out of debt, save your money, live below your means. But the way our economy is rigged by the Fed, they make it impossible to actually save your money.

Say you have $100 that you want to stash away for a rainy day (good idea). If you put that money in a savings account, the interest it bears will be piddly compared to the value it loses because of inflation. In one year, when you need that $100, you'll find you only have $90. Sure, they'll call it $100 (or even $102), but it won't have the same value it did when you put it there. So obviously, saving US currency is a bad idea.

But say you buy a CD or gold or real estate.... something that will retain its value despite inflation. You buy $100 worth of gold and keep it for a year, then sell it for $120 a year later. You've really only broken even. You haven't gained anything. But the government says you have and they tax your "profit" as capital gains!!

You can't win. You can't keep a hold of your hard-earned wealth. The government, through inflation, slowly leaches it away from you. This should infuriate everyone in America, but the amazing thing is that hardly anyone notices!