Entry for September 14, 2007
The value of the U.S. dollar has declined about 96% from its value in 1910. It is now approaching a record low against other major currencies.
The value of the dollar has been the responsibility of the Federal Reserve since 1913. It seems obvious the Fed has failed to preserve the dollar.
It is not possible to take political action against the Fed, it is too well entrenched behind the full armed might of the U.S. government. The individual is not powerless however, It is still possible to speculate against the Fed. The time may well have come to do just that because the Fed has almost nothing of value (the dollar and the credit of the U.S.) to support it. They have almost no margin left.
The reserve currency of the world's central banks is nearly worth zero.
I leave it to the reader to explore this issue further for opportunities.