How would you grade Federal Reserve chairman Ben Bernanke on the way he’s protected the value of your U.S. dollars? I give him an “F,” given that the dollar has lost over a quarter of its value compared to the Swiss franc in the year ending this past Tuesday. Members of the euro zone can’t be too thrilled, either. The euro, which was a bad idea from the start, has lost over a fifth of its value compared to the franc over the same time period. It has come to the point now where the Swiss are selling francs into the market to lower its value—at a sweetheart of a price, mind you. It’s a nice problem to have, selling high, don’t you think? It’s time Mr. Bernanke got the dollar on solid ground.
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E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at firstname.lastname@example.org.