The last round of "quantitative easing" aka QE3 has dropped the value of the dollar from $1.23 per Euro to more than $1.30 per Euro. That's 7 cents or over 5.5% inflation factor between the dollar and the Euro. That means every dollar you own dropped in worth about 5 and half cents within a couple weeks.
Inflation of money supply is a hidden tax, but it won't stay hidden for long. Whoever can print or order the printing of more money, has the power to steal the value of what money you already have.
Another wonderful moment brought to all of you compliments of Bernanke and the Federal Reserve.
Now why would he do this? Talk has been of removing him if Romney is elected and inflationary moves take some time to be recognized by the general electorate. It's no secret Bernanke would like to keep his job too.