The Federal Reserve was created in secret by a small cabal of powerful bankers and politicians in 1913. The purpose was supposedly to promote price stability and keep the economy from experiencing dramatic booms and busts. Does this chart portray price stability? We have averaged a boom and bust every 5 to 10 years for the 100 years of the Fed’s existence. The government drones at the BLS tell us that inflation is only 1.13% today. We also know for a fact they have changed the method of calculating CPI since 1980. I wonder why? Maybe because if you calculated it the way you calculated it from 1913 until 1983, you would realize inflation is really 8.81%, on par with the 1970’s. If the BLS reported the real number, even the non-thinking ignorant masses would realize how badly they are being screwed by the banking cabal running this country.
Ask yourself a question. Does losing 95% of your purchasing power over 100 years constitute price stability in your book? The ruling class sure are happy 95% of Americans don’t understand or care about inflation. And now with Common Core, math computations don’t matter, as long as you feel good about your answer. So feel good about having lost 95% of your purchasing power. At least you have that iGadget and Obamacare.