On Monday, President Bush nominated Bernanke, his top economic adviser, to
take over when Alan Greenspan steps down from his 18-year run on Jan.
According to Addison Wiggin, a currency expert and best-selling author of
The Demise of the Dollar, this merely confirms that what the markets really
want is a man who will continue Greenspan's easy money policies.and why it's great for your
investments.

Money supply (as it should be), in terms of reform proposals by those who would change current law and practice, may involve ideas to make money less vulnerable to inflation and/or to make money promote full employment, prosperity, security and economic democracy.

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. When it
does, I think the market will react positively," Forbes said.

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On Monday, although
stocks did rally on the announcement, bonds and the dollar fell, demonstrating
the concern that Bernanke will be more involved with encouraging economic
growth through lower interest rates, instead of putting his full attention
toward fighting inflation.
Addison Wiggin is editorial director and publisher of The Daily Reckoning.

causing foremost

dollar.
Brought to you by Agora Financial , and written by the NY Times best-
selling authors, Bill Bonner and Addison Wiggin, The Daily Reckoning is a
daily, free e-letter that weaves information about the financial world,
investing and everyday life into an educational and entertaining format that
has been engaging their readers for over six years. Forbes told
Bloomberg Television. That's why oil prices shot up, copper prices went
up , lumber prices went up and steel prices went up.

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www.dailyreckoning.com: Bernanke's Nomination Could Be Disastrous for the U.S. Dollar

NEW YORK, In a BLOOMBERG TELEVISION(R) interview
today , Steve Forbes, Chief Executive of Forbes Inc.

Money supply (as it is), in terms of current law and practice , involves central bank decisions on short term interest rates and ratios of reserves and capital required to keep banks that serve the public financially strong.

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The entire interview can be seen on the Bloomberg terminal via AV .

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dollar.

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earnings vulnerable

"
"Investors should consider how a falling dollar would affect their
portfolios and take appropriate action.

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In other words, a managed decline in the value
of the dollar. The danger is the currency could get away from them and
currency speculators could quickly send the dollar lower. In
addition, BLOOMBERG PRESS(R) publishes books for investment professionals.

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"
Following one of Bernanke's first major speeches as a Fed governor back in
November of 2002, the dollar fell 40% against the euro.com.com .

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The stock market rallied on the news, hitting a six-month high. "What they have in Bernanke is an
advocate of inflation targets. The
BLOOMBERG PROFESSIONAL(R) service and Bloomberg's media services provide real-
time and archived financial and market data, pricing, trading, news and
communications tools in a single, integrated package to corporations, news
organizations, financial and legal professionals and individuals around the
world.

financially inflation

These decisions affect prices, employment, liquidity, economic growth and interest costs and earnings.

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S. For
more information please visit http://www.

readable greenspan

Steve Forbes Tells Bloomberg TV: Fed Policy Is Behind the Curve

"They created too much money, more than the economy
could productively absorb . While the Fed has been raising interest
rates, "it hasn't done the real job of taking that extra money out.

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"They got
what they want," says Wiggin. "What we need to be looking for now is what
neither the markets nor the Bush White House expects - a rapid weakening of
the U. dollar."
For more from Addison Wiggin, see http://www.
He is also the author of the recently released Wall Street Journal and New
York Times bestseller, The Demise of the Dollar.bloomberg.

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This is a traditional
inflation.
Additional stories on this topic are also available to Bloomberg users via the
Bloomberg terminal.

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The Federal Reserve's charter is to combat inflation - maintaining the
purchasing value of the U.dailyreckoning."
Mr.

Stable prices, full employment , sustainable growth and favorable security effects are the goals of central banks.

The category includes money supply (as it is) and money supply (as it should be).

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31,
2006. and former presidential
candidate , said that raising interest rates is not enough to help the economy
and that the Federal Reserve policy is falling "well behind" in fighting
inflation.

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BALTIMORE, While Ben Bernanke's nomination as
Federal Reserve Chairman has been warmly welcomed by Wall Street, one analyst
warns that Bernanke could trigger a disastrous fall of the U.S..
"Excess money supply pushes up commodity prices ," Mr. Forbes told BLOOMBERG TELEVISION that raising interest rates is not
the only solution, saying that the Fed also needs to remove excess liquidity
through open market operations.