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Home > A Century Of Fed Fools (Or How To Turn $1000 Into $40 Since 1913)

A Century Of Fed Fools (Or How To Turn $1000 Into $40 Since 1913)

By Tyler Durden
Created 09/21/2015 - 12:56
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 09/21/2015 12:56 -0500



 

Submitted by Anthony Sanders via Confounded Interest blog, [6]

The Federal Reserve system was created in December 1913 with the stroke of the pen by then President Woodrow Wilson.

Since that time, consumer purchasing power has fallen from $1,000 in December 1913 to … $40 today.

[7]

 

Since 2007, the purchasing power of the dollar continues to fall along with average hourly wage growth YoY.

[8]

 

Thanks a heap, Woody.

wilsonfgold [9]

JPMorgan Chase CEO Jamie Dimon says iPhones helps balance out U.S. Income Inequality.  [10]

Let them eat iPnones?

 

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Source URL: http://www.zerohedge.com/news/2015-09-21/century-fed-fools-or-how-turn-1000-40-1913

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[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/9244
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[4] http://www.zerohedge.com/taxonomy_vtn/term/11906
[5] http://www.zerohedge.com/taxonomy_vtn/term/8749
[6] https://confoundedinterest.wordpress.com/2015/09/21/fed-follies-u-s-consumer-purchasing-power-fell-from-1000-in-dec-1913-to-40-today/
[7] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/20150921_fed1.png
[8] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09-overflow/20150921_fed2.png
[9] https://confoundedinterest.files.wordpress.com/2015/09/wilsonfgold.jpg
[10] http://www.bloomberg.com/news/articles/2015-09-17/dimon-says-iphones-cars-help-balance-out-u-s-income-inequality