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.
