Dollar begins free fall

http://www.nypost.com/p/news/business/dollar_loses_reserve_status_to_yen_hFyfwvpBW1YYLykSJwTTEL;jsessionid=65E301CF47ED50D15170F8D6530791C5

"After printing up trillions of new dollars and new bonds to stimulate the US economy, the Federal Reserve chief is now boxed into a corner battling two separate monsters that could devour the economy -- ravenous inflation on one hand, and a perilous recession on the other.

"He's in a crisis worse than the meltdown ever was," said Peter Schiff, president of Euro Pacific Capital. "I fear that he could be the Fed chairman who brought down the whole thing."

Well, who couldn't see this one coming? 

I see there are two trends emerging, A) Denial, the DC spendthrifts simply act as if this is not a fact of life for their budgeting purposes, they will not stop spending, they will not stop issuing debt and they will continue to print money with no inherent value. 

B) The statistics for inflation will be skewed and unreliable, quite simply they will lie about the effect that inflation will have on everyday life in America.

What this means in real world terms, if one stockpiles is imported goods are going to go upwards in price, everything from plastic storage bowls to Levi's will cost more and soon, perhaps as soon as this Spring, maybe sooner.

It also means that internally produced commodities such as Sugar and Grains will rise in price as the producers can now make more money selling internationally than domestically. 

I'd recommend inventory what items you purchase the most that are produced internationally and make a decision on what you would invest in and use the most and make a decision to purchase, or do without or substitute...because they are only going to rise in price as the dollar slides in purchasing power.