Interesting Inflation Information

Now mind you I am not a Ron Paul fanatic or anything crazy like that but it does make me wonder how the Chairman of the Fed can watch gold, silver, oil, foreign currencies soar and then with a straight face say inflation is in check. It is because they only watch price indexes not the value of hard assets. For centuries gold was a standard because it's value didn't change. Now amazingly, it's price is skyrocketing but there is no inflation?

Here is an interesting article about the current economic situation:
Confidence Plunges, Inflation Rate Soars

I also find it kind of interesting that it never fails that the economy becomes a huge issue in every Presidential election cycle. Amazing how that cycle works.