Former Federal Reserve Chairman Paul Volcker is sounding the warning bells about the collapsing dollar, noting that the patter of what is going on now is very similar to what happened in the late 1970s, ie., stagflation: http://online.wsj.com/article/SB120769723589099695.html?mod=djemEditorialPage.
Well, I must say that I'm glad that someone other than me has noticed. Certainly, Ben Barnanke, the current Fed Chairman, hasn't seen the writing on the wall. It goes without saying that the White House and Congress haven't realized it either. The recommendation I would make? Save, save, and save some more...........
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