That’s the injustice here, that people with enough money can protect themselves against economic hardship (that can be caused by speculation and bad investing), while people who can’t afford to protect themselves pay for higher priced basic necessities.

May the forces of justice prevail. The FED has two mandates both work to protect against just those kinds of injustice. Price stability and full employment. Those on a fixed income pray that the FED can keep inflation under control and the working poor hope the FED can make sure they can have enough job opportunities so their income can keep up with inflation.

The Rich will always have the advantage of being able to fend for themselves and not need the FED to protect them. ETF commodity indexed trading funds let some of us who are a little less rich use that inflation hedge. I would never have tried to buy and sell futures but I did buy into a Gold fund last year. I don’t think I am ready for a Ag Commodity fund but who knows.

TEK