The Federal Reserve's Explicit Goal: Devalue The Dollar 33%

... an increase of 2% a year over a period of 20 years will lead to a 50% increase in the price level.  It will take 150 (2032) dollars to purchase the same basket of goods 100 (2012) dollars can buy today.  What will be called the "dollar" in 2032 will be worth one-third less (100/150) than what we call a dollar today.

The Fed's zero interest rate policy accentuates the negative consequences of this steady erosion in the dollar's buying power by imposing a negative return on short-term bonds and bank deposits.  In effect, the Fed has announced a course of action that will steal -- there is no better word for it -- nearly 10 percent of the value of American's hard earned savings over the next 4 years.