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September 22, 2015

Fed's Century Lesson: How To Turn $1000 Into $40 Since 1913

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




Thanks a heap, Woody.
 
Courtesy Anthony Sanders for Confounded Interest blog via Zero Hedge (More Zero Hedge articles Here

 


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