On this day 110 years ago, the Federal Reserve was created. Since then, the US Dollar has lost more than 97% of its value. Put another way, the US government and Federal Reserve have stolen 97% of your wealth, before you pay a penny in taxes. It is long past time to end the Fed and get government out of the money business, for good.
@RealSpikeCohen Wow, the buying power of the dollar skyrocketed from 1929-1934, the economy must have been great!
@sam_d_1995 @RealSpikeCohen These people don’t understand the danger of deflation
@sam_d_1995 @RealSpikeCohen Exactly, the original post is economically illiterate on so many levels....
@sam_d_1995 @RealSpikeCohen They had so much money in the 30s my grandfather had to go work at 11! Fantastic times.
@sam_d_1995 @RealSpikeCohen “Wow, my money keeps getting more expensive, let me stash it away. Hope no one has the same idea as me and it won’t become known as deflation.”
@sam_d_1995 @RealSpikeCohen The economy has nothing to do with the dollars buying power. Again do you know why the buying power skyrocketed? I can tell you but I’ll let your critical thinking skills kick in
@sam_d_1995 @RealSpikeCohen Boy the Roaring 30s must have been a great time to live
@sam_d_1995 @RealSpikeCohen What about dollar revaluation in ‘33?
@sam_d_1995 @RealSpikeCohen I’m no history buff or anything but I agree.