How Bankers Collude with Politicians

We know the result of having bankers control the federal reserve. I encourage you to not look back as shown in the picture. Instead, think about how you can at least maintain your wealth against the ravages of inflation. Also think about who benefits by stealing our money.

David DeGerolamo

Plugin by: PHP Freelancer
This entry was posted in Editorial. Bookmark the permalink.
0 0 votes
Article Rating
Newest Most Voted
Inline Feedbacks
View all comments
3 years ago

To think the Federal Reserve informs Congress they strive to achieve this inflation rate as a ‘target’ (which is really a tax). To me its a violation of the constitution since only Congress has the authority to tax.
I Googled this:

U.S. Inflation Rate, $20 in 1932 to 2018
According to the Bureau of Labor Statistics consumer price index, prices in 2018 are 1,732.90% higher than average prices throughout 1932. The dollar experienced an average inflation rate of 3.44% per year during this period.

In other words, $20 in 1932 is equivalent in purchasing power to $366.58 in 2018, a difference of $346.58 over 86 years. The 1932 inflation rate was -9.87%. The inflation rate in 2018 was 2.44%.

RightisMight C
3 years ago

Interesting. That $20 Gold Piece in 1932. Today is worth over $1,291.00 (assuming it weighs an ounce or more). So actually, that much gold would probably buy 520 gallons of milk, 433 gallons of gas (in Washington state), and so on. The old rule is, if you had an oz. of gold then ($20), you could buy a new suit, dress shirt, silk tie, socks and dress shoes, belt and braces, and probably a panama hat with new jockey shorts. And with that ounce of gold today, you could still buy all that. But a twenty dollar bill might buy you a pair of dress socks with a frickin’ hole in the toe. My, how times have changed. So much for bustin’ your ass for eight to 12 hours a day. Inflation? Thank you Federal Reserve, and Mr. Woodrow Wilson, first Progressive President who sold the nation out to the bankers.