CHART: Federal Reserve Dollar Destruction

Chart demonstrating the decline in the dollar's purchasing power from 1913 to 2005.  And it's only gotten worse since '05, with the latest figures showing the dollar having lost 98% since the Federal Reserve was enacted in 1913.

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Bonus clip...

Video - Bernanke admits to Ron Paul that 'Inflation Is A Tax' - July 16, 2008

Comments

[Dee]

Interesting how the dollar recovered a bit right around the time Roosevelt confiscated all the gold. And they say, "gold isn't money."

Ha!

[DailyBail]

Goldman’s best days may be over

http://www.marketwatch.com/story/goldmans-best-days-may-be-over-2011-07-19?Link=obinsite

[DailyBail]

Goldman CFO sees up to 1,000 job cuts globally

http://www.marketwatch.com/story/goldman-cfo-sees-up-to-1000-job-cuts-globally-2011-07-19?Link=obinsite

[DailyBail]

Housing starts rise 14.6% to five-month high

http://www.marketwatch.com/story/housing-starts-rise-146-to-five-month-high-2011-07-19?dist=countdown

[DailyBail]

What’s real and (maybe) not in housing starts

http://www.marketwatch.com/story/whats-real-and-maybe-not-in-housing-starts-2011-07-19?dist=countdown

[DailyBail]

Hopes of U.S. debt solution boost Treasurys

Yields on 10-year notes drop to lowest level in more than three weeks

http://www.marketwatch.com/story/treasurys-seesaw-ahead-of-european-debt-summit-2011-07-19?link=MW_home_latest_news

[ain't bullshitt'n]

Let's go NEGATIVE on it Benny!!!!....come on Ben u can do it!!!!!!!!!!!......I got faith you and Timmmmay can make it happen....AB

[TR]

@ain't bullshitt'n
Benny &Timmy their my men if they do it no one can.


Karl Denninger worked late on his math homework.

http://market-ticker.org/akcs-www?post=190758

[TR]

What a great use of a video to get a point across.

http://market-ticker.org/akcs-www?post=190705

[DailyBail]

Both awesome links from Denninger...especially the interest math...my guess is rates will back up a lot more than 100 basis points...thanks TR...

[TR]

I wish people wouldn't use such language.

http://www.businessinsider.com/fuckyouwashington-2011-7

[DailyBail]

saw that earlier...great stuff...

[john]

Is It That Time Again? Military Conducting Training Exercises In And Around Boston

http://www.zerohedge.com/news/it-time-again-military-conducting-training-exercises-and-around-boston

[S. Gompers]

Will they be wearing American or Chinese uniforms John?

[john]

I heard that they commandeered some duck boats near fenway park and were last seen heading for chinatown........

[S. Gompers]

Duck boats and chinese carry out, now there is a maneuver that can be appreciated...

[john]

FWIW this is a normal training exercise. They did something similar last year.

[S. Gompers]

Yeah, they do this all over, Even in Indianapolis. It is about desensitizing the civilian populace and preparing them to be used to martial law.

The Chinese uniform thing was a joke...

[LiberatedCitizen]

Boys And Girls: It's Rule 48 Time

http://www.zerohedge.com/news/boys-and-girls-its-rule-48-time

S&P Downgrade Bloodbath Begins

http://www.zerohedge.com/news/sp-downgrade-bloodbath-begins