Voices crying in the wilderness

...are at least being heard around the edges of the mainstream now.  Of course, when any problem finally gets too big, it becomes nearly impossible NOT to talk about it...

It is true that there's plenty of blame to go around on the dollar. It had a value of 265th of an ounce of gold on the day that George W. Bush acceded to the presidency and was worth less than an 853rd of an ounce of gold on the day he left office. The New York Sun, which supported Mr. Bush in 2000 and 2004 elections, issued in December of 2005 an editorial called "The Bush Dollar," warning of the collapse of the greenback. It had just sunk below a 500th of an ounce of gold.

Today, of course, it is worth barely more than 1,500th of an ounce of gold. ...

The collapse has been so dramatic that the Europeans, the United Nations and even the Chinese communists are talking about the need to create a new international reserve currency.

It's hardly worth saving or investing--at least in dollar-denominated assets--when the unelected Federal Reserve can simply create more dollars out of thin air, reducing the value of the ones already in circulation.  Inflation is not caused by greedy OPEC sheiks or eeeeeeeevil corporations.  It's created by loose monetary policy from a quasi-governmental banking cartel that has the economy by the throat.

There's finally talk that the U.S. cannot avoid a period of austerity if it is to get its fiscal house in order.  Part of that austerity has to involve sound, hard money policies.  Otherwise, it'll be like building a new home without a solid foundation.  It'll collapse just the same as the old one.

Given the density of the ruling class, and their inability to learn from history, it'll probably take three houses, the third of which burns down, falls over, then sinks into the swamp, before they'll construct one that actually stands...