The Humble Libertarian

Peaceful solutions to social problems.

Tuesday, March 13, 2012

How the Fed Steals for the 1%

Tom Mullen transcends the non-existent paradigm perpetuated by the mainstream media and the two party system to address a serious issue that both left and right should come together on. What the establishment possibly fears most is a coalition of sorts against the Fed between the Tea Party with the Occupy Movement. OCCUPY and END THE FED.

This spreadsheet from the Fed's own website tracks the "inflation rate" from 1800-2008. The last column (added) tracks the price movements of a basket of goods and services that cost $100.00 in 1800. As you can see, prices dropped dramatically over time throughout the 19th century. That same basket of goods that cost $100.00 in 1800 cost only $56.74 in 1912...

...Now, look at the same basket of goods from 1913 (the year the Fed was created) through 2008. You see exactly the opposite trend. The same basket of goods that cost $56.74 in 1912 now costs $1,265.14. Obviously, even the more dramatic increase in wages during this period has not kept up with the increase in prices. This makes the average worker poorer.

Read the rest here.
Huffington Post

Drew Martin,
Blogger, THL