Monday, February 18, 2008

The Danger of Government Banking Control

Notice the spikes up of inflation...
...is it by chance that the cost of living went up following the goverment financed wars of 1812, the 1860s (the Civil War), World War I (around 1918), and againg in the 1940s (WWII), then again in after Vietnam (1960s).....and then the last point...1973, when the US left the gold standard.

The two duties of the Fed are to 1) retain a stable value of our currency, and 2) keep prices stable....how have they done?....if you look at the same chart but of the value of the dollar during this time period, it is about the same but the opposite direction....since the creation of the Federal Reserve in 1913....the value of the dollar is down about 90%.