While not hyperinflating, the slow and insidious diminishment of the fiat US Dollar's purchasing power (and thus the living standards of lower- and middle-class Americans - who are not balls deep invested in the US stock 'market') is nowhere more evident than in the soaring costs of Thanksgiving Day dinner during the Fed's 100 year reign...
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In 1909... Thanksgiving Day Dinner cost $0.50...
[5]
In 2014... Thanksgiving Day Dinner costs $30.00 [6]
[7]
This works out at 3.98% annual inflation rate - almost double the Fed's proposed price stability optimum of 2%... over a century...
Be careful what inflation you wish for.
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Of course these are hotel prices - the cost at home is considerably less:
According to the American Farm Bureau Federation's (AFBF) latest price survey, the average cost of a classic Thanksgiving dinner for 10 people this year -- with all the fixings - will come to $49.41, or up 37 cents from last year.
Suggesting labor costs have soared? But even eat-at-home Thanksgiving Day Dinner costs have soared since 1986...
[8]
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We are thankful for the increasing numbers of US citizens disillusioned with The Fed's grand theft...
