Inflation is an ideal way for countries to tax their populations both rich and poor without admitting that they have raised taxes. Inflation is in particular a means to tax the poor and elderly on fixed or limited incomes. The most vulnerable are most effected by inflation.
The more cynical of the recent decisions made by these leaders is to actually redefine our countries measure of inflation, the consumer price index or CPI. They are so cyclical that they believe we won't notice prices going up a whopping 9 percent a year-- when they report CPI of less than half the true measure.So we guarantee you, that an academic as schooled in economics as our Federal Reserve Chairman is, Bernanke understands that Gold is money. But he, like the rest of the Washington establishment, prefer lie to our faces about definitions. This way, they can avoid lying to us about how they have fleeced the nation to the point of our near insolvency.