Inflation: Friend or Foe?

Many of you have seen the latest reports on increasing inflation in today's economy. Inflation is the scourge of savers, diminishing the value of nest eggs and retirement accounts. Among other things, inflation is the result of a "cheap money" policy (very low interest rates) through the political inducement of major investment banks to keep those rates low so their extreme leverage will be inexpensive and they can magnify their profits. Whatever the causes of inflation, the results are devastating for most Americans, as it is difficult to find a way to protect oneself against inflation's ravages.

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