The Single Chart That Should Force The Fed Out Of Business

Inflation is the Fed's 100 year legacy.

Behold the chart that, in a more just and sane world, would force Bernanke and Krugman to retire and drive the Fed out of business.  Consumer prices are now 30 times higher than when the Fed was created in 1913.

Here's the truth:

• CHART: The Real Inflation Rate Is 10%...

• Economist: The Official CPI Is A Joke...

Comments

[PetersKnees]

The same inflation is true for Switzerland. Look it up. Do the Swiss have a Fed?

[TiPS]

Have you ever read Irving Fisher's Debt-deflation theory of depressions?

[DailyBail]

The same inflation is true for Switzerland. Look it up. Do the Swiss have a Fed?

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No, but they have a fiat currency, with some debt and for a long time the franc was tied to the dollar.

[chiller]

Everyone who deals in money has one thing and one thing only in their warped, twisted and demented little mind...MORE MONEY! Greed is their religion...

[Mark]

There is an interesting article about this at http://www.opednews.com/articles/Debt-No-More-How-Obama-ca-by-Scott-Baker-130122-872.html

[TR]

chiller ,
Just opened my wallet. Praise the Lord!
Wait! What happened to my money? lol

[john]

CNN and hockey sticks.

http://www.youtube.com/watch?feature=player_embedded&v=um-h8Zt6iD4

[Greg Burton]

Our current problem is, the Federal Reserve (City of London, Israel) saw what was coming years ago, as fiat money leads to boom and bust cycles. Ergo, the 9/11 false-flag police state, the wars of pillage to subordinate sovereign nations to the debt peonage, the guns confiscation, the MSM dominance and propaganda regime, privatizing the police and military, drones and space-based weaponry so that this small cabal can control the planet, for when the expected economic debacle impoverished the planet, leading to world-wide rioting by the enraged, jobless, hungry people who have had their social safety net reduced to nothing by "austerity" measures (starvation a la the new Holodomor).

[SKINFLINT]

DB, Here is a different looking hockey stick. Just amazing. Check it out. http://www.zerohedge.com/news/2013-01-25/apples-flash-dump-last-second-trading-caught-tape

[Dr. Pitchfork]

David Stockman (channeling William Jennings Bryan): Bernanke is "crucifying the savers of America on a cross of ZIRP...There is going to be a revolt against these arrogant mandarins running the Fed, they will rue the day they arrogated to themselves such massive power."

http://www.marketwatch.com/story/stockman-fires-back-at-krugman-critics-2013-04-03?pagenumber=2

http://en.wikipedia.org/wiki/Cross_of_Gold_speech

[Stevo]

Why would this force Krugman retire? He's a columnist for the NYT. He doesn't work for the Fed or have any government position that I am aware of.

[DailyBail]

Stevo

It's called sarcasm. Point was that Krugman should retire out of embarrassment.

[econoception]

http://www.thetrailofgreen.com/

Except if you look at M2 figures, you realise that the monetary base has expanded by more than 55 times.

MV = PY,

since velocity of circulation has also increased over time drastically with the introduction of online transactions, cashless methods of payment, ATMs, and so on,

most of the money supply growth actually translated into real income growth that would not have been possible without the growth in money supply. Inflation was necessary to achieve that growth, the real question should be whether the real incomes have risen over the years and it is obvious that that has happened.