America's Greatest Threat
1913 Federal Reserve created
Given exclusive authority over US monetary system/policy
Today, $31 buys same amount of goods as $1 would buy in 1913
That is, value of dollar down to being worth just 3 cents today
Cumulative Inflation 1913-2024: 3,054%
1971 Nixon fully takes US off gold standard (FDR started in 1933)
Cumulative inflation 1913-1971: 309%
US dollar becomes complete fiat currency
Cumulative inflation has risen another 2,745% since 1971
Inflation is a feature, not a bug, of the Fed's fractional reserve system
It always goes up
Rate of increase may go down, but still going up
Fed can't stop inflation
Cumulative inflation rose 138% under Trump (2017-2020)
Cumulative inflation has risen 417% under Biden (2021-2024)
Point is that cumulative inflation goes up significantly regardless of who is POTUS
Rate of increase lower with Trump
But still going up
The most important question:
What specifically is any politician seeking to lead the people
going to do to reverse inflation and increase the value of the
dollar to a nickel, a dime, anything greater than 3 cents??
Given the rate of cumulative inflation, how long until those last
few cents of value are squeezed out of the dollar??