What a weak dollar means for you

Have you seen the headlines lately? The news seems to be loaded with talk of new entitlement programs, federal spending projects, angry protesters, Obama talk, global elections, etc. Well, what's new? And most important, what does this mean for you?

Behind the President's comfortable rhetoric and agreeable headlines about the failing economy lurks the powerful vote by global trade participants. That is, the depreciating US dollar has fallen to 14-month lows compared to a basket of foreign currencies. I must sound the alarm because in the end, we will pay. A falling dollar will lead to inflation, and the US consumer will gradually feel the effects.