Hold on to your wallets...

Are you ready for the roller coaster ride to begin?  Congress is in the final stage of passing the most superfluous spending package in history in addition to spending $1-2 trillion more to really bail out the banks this time.  What’s even more scary was President Obama’s statement last night that, “… we don't know yet whether we're going to need additional money or how much additional money we'll need until we've seen how successful we are at restoring a sense of confidence in the marketplace that the federal government and the Federal Reserve Bank and the FDIC, working in concert, know what they're doing.”

And what was the reaction today?  The DOW dropped 4.62% while the price of gold shot up $20 per ounce on fears of inflation.  Contrary to what the president thinks, many Americans are outraged about this stimulus package, but nobody in Congress is listening to their constituents. 

Believe it or not, there are many prominent economists who oppose this kind of government spending.  One of my favorite new websites is http://www.mises.org/.  The Ludwig von Mises institute teaches the Austrian School of economic theory.  And guess what… they’re right.  They saw this coming.  This is the only time I’ve been able to read about economics and it actually made any sense to me.  I highly recommend that you check it out.

The government is driving the inflation freight train straight toward us and it is speeding up faster than I imagined.  Will you be ready?