Yippee! Everybody is RICH! Yay!
- Not so fast, America.
The 'invisible' creeping theft of your wealth by inflation would argue that none of this is true, but instead an illusion.
- You should really be "thanking" the Federal Reserve and the political crooks who have stolen your money by making the purchasing power of a 2014 Dollar the same as the purchasing power of a 1913 penny.
'Boomers' might better recognize a comparison to the 1950's, and the aware ones would desire the prices and purchasing power of those days to the phony riches of 2014.
1950 201
avg family income $3,300 $51,017
avg car cost $1,510 $31,252
median home price $7,354 $188,900
Now tell me one more time why the "Fed" (a privately owned, for profit bank with a monopoly concession on printing non-redeemable funny money) was a good idea, and how politicians only want what is best for you and never for themselves...and that a 'little' inflation has been a good thing.
Monday 24 February 2014
2014...makig the 1950's look GOOD.........................from Rico
From Theo Spark at 20:30
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