It really is a wild and wacky world out there, ain’t it?  Dirt bags like Charlie Sheen and Barney Frank make public spectacles of themselves on a regular basis and everyone loves them for it.  The more crude and shocking they are the more their bull market soars.

Hollywood burnouts, political buffoons…people can’t seem to get enough of them.  Still, that’s nothing.  Their behaving like jackasses in public is almost quaint in comparison to other public affronts we’re all subjected to.  What we mean is when you take your sights off the comics and the clowns, and reposition the crosshairs on money, a whole new world of absurdities comes to focus.

For example, the bright and enlightened minds at the Federal Reserve believe they can make the world a more prosperous place by creating gobs of money from thin air.  They’re hell bent on proving they’re right even if it ruins the entire planet.  Right now, as we speak, they have bet three generations of wealth on the idea that a sound economy can be restored by borrowing massive amounts of dollars into existence.

What’s more, here within the confines of the United States, the Fed has a unique monopoly.  They’re the exclusive stewards of the nation’s currency…sole issuers of its legal tender.  Continue reading →