Amid skyrocketing oil prices and the Dow's worst performance in a June since the Depression, the Fed met last week and did... nothing. Well, seemingly nothing.

The Fed did not raise interest rates. Rates remain at 2%, the lowest they've been since the drastic series of cuts from 5.25% began in September.

But by doing "nothing" to interest rates, the Fed is actually imposing a "hidden tax" on your hard-earned retirement savings. Here's what I mean...

By allowing rates to remain so low, the Fed is encouraging inflation to run rampant. Meanwhile, they also have the printing presses going at full speed. But the Fed's economic solution to print more money is putting your retirement money in peril.

So in essence, inflation is a "hidden tax"... and it's the No. l way the U.S. government is destroying your retirement.

Bernanke and the Fed have made it clear in recent months -- last week, especially -- that they are in no rush to corral inflation. And if you're an investor planning your retirement, that should terrify you.

The "hidden tax" that the Fed is collecting from you right now will severely affect your ability to live even the most modest of lifestyles comfortably.

The Fed's hidden tax on your retirement has gotten so out of control, that they're not even sure how to stop it anymore. While they did sprinkle June's meeting minutes with language that suggests a future move toward raising rates, the Fed doesn't meet again until August. And even then, a rate hike is still doubtful.

Meanwhile, your savings continue to erode, courtesy of the U.S. government.

Erin Beale
Group Publisher
Taipan Publishing Group

P.S. Taipan editor Sally Limantour has been following the Fed's moves closely, and she's recently put together a brand-new Special Report on how to outpace the Fed's hidden tax on your retirement assets... and how to ramp up your profits as much as 2,000%. Her "Fed Beater" strategy has just been released to the public, and one play is already up more than 50%!. You can claim your copy here.