Dollar's Death Spiral

Is a rise in America's stock markets a harbinger of good times ahead? While the surge in stocks beats having their nominal value go down, it does not mean recovery is here. The dollar is losing ground against foreign currencies and commodity prices are rising with gold at an all-time high and oil nearing eighty dollars a barrel. Our stocks may be up but our purchasing power is losing ground every day. Dollar-denominated assets are a curse with inflation inevitably creeping in and a real danger of Weimar or Zimbabwe level hyper-inflation facing America as Obama turns our currency into toilet paper with his spending spree that has our Treasury printing presses overheating. If our economy is improving, where are the jobs? Why are there levels of unemployment hovering around ten percent, which would typically be the measure of a grim recession? What Obama is doing with his socialist overreach is not the recipe for prosperity but for disaster.