Addressing the core issues affecting U.S. taxpayers and investors

http://zerohedge.blogspot.com/2009/05/putting-it-all-into-perspective.html
" ...It is considerably easier to debase the purchasing power of currency, thus diluting claims, than to exact overt taxes. Inflation is a powerful wealth transfer or wealth confiscation device, because taxes are levied not on the real accretion of wealth, but on the nominal price increase or interest payment. Governmental borrowings to spend on current items that have no lasting value can have important inflationary aspects; as debt increases, well beyond the rate of actual economic growth, powerful incentives are introduced to debase the currency rather than repay the borrowings at full value. These elements and truths are universal and reinforced by history. Ignoring them can grease the path toward societal destruction. Debt collapse, massive unemployment and negative economic growth can destroy societies and lead to violence and authoritarian governments which create large changes in the basic fabric of life. However, serious inflations can have the same effects. They can be absolutely ruinous, and history abounds with examples of societies wrecked by massive debasement of currencies and the destruction of people’s savings... "

"... What a tangled web is woven when the deceptions of the financial engineering epoch evolve into the deceptions of the fix-it period without missing a beat. Let’s not forget that false assumptions, unrealistic prices and high leverage got us into this soup in the first place... "