Inflation. Bonds. Taxes.............from Rico

Ronnie Reagan said it best. Inflation is a hidden tax.

Bonds (USG debt) have lost investors 2.5% this year per the Merrill Lynch Treasury master Index. Do you wonder why (a) the USG is moving away from selling short-bonds to trying to sell long-bonds, or why (b) bond sales have become increasingly sloppy and weak as investors move away from the "safety" of US Bonds (USG debt)?

Fiat currencies. All of them. Want some? Having more of it as it becomes worth less, then worthless, hardly enthuses me. I think of it as losing money twice over: once as it devalues/debases, and a second time as inflation erodes it's purchasing power.
- Think Zimbabwe. Weimar.

You might pay a visit to the National Inflation Association at Inflation.us before it really arrives and bites hard.