Re: Inflation

Posted by Loyd Smith On 2011/2/4 12:10:53

Interesting figures regarding the buying power of the U.S. dollar from 1800 through 2009 starting with the dollar amount required to purchase $1 worth of goods/services
measured in 1800 dollars.

1800 = $1.00

1913 = $0.58 (The year in which the Federal Reserve Bank and imaginary money were created)

1933 = $1.00 (The year that the U.S. went off the gold standard)

2009 = $16.98

These figures came from www.westegg.com . Other sites, citing the complications of comparing information before and after The Federal Reserve Bank only provide figures from 1913 but, disregarding obfuscations involved in, "cooking the books," (as it were) simple mathematics would seem to tell the whole story.