Corrected data illustrates massive inflation, and possible true motivations of the founding fathers?

The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years. But, an increase of 2% a year over a period of 20 years will lead to a 50% increase in the price level. It will take 150 (2032) dollars to purchase the same basket of goods 100 (2012) dollars can buy today. What will be called the “dollar” in 2032 will be worth one-third less (100/150) than what we call a dollar today.

Can Bitcoin Survive? Is It Legal?

Bitcoin – the online currency used to buy Alpaca wool socks and illegal drugs whose value dropped from $17.50 to “pennies” after a June 19 hack into its currency exchanger, Mt.Gox –has gotten plenty of media attention. But unless consumers and merchants can be persuaded that adopting it will make them better off, it’s likely to go the way of other online currencies.

FBI raids Chuck E. Cheese over GAME TOKENS, insisting that they constitute counterfeiting.

Paying to use a debit card was unheard of before this year and is still a novel concept for many consumers. But several banks have recently introduced or started testing debit card fees. That's in addition to a spate of other unwelcome changes checking account customers have seen in the past year.