From 1790 to 1890, the value of US currency remained relatively the same. So for 100 years, the purchasing power of US currency was stable. 100 years! From 1914 to 2018, the US dollar lost 98% of its value. Now, 40% of all Federal Reserve Notes ever printed were printed in 2020! - Upgoat

From 1790 to 1890, the value of US currency remained relatively the same. So for 100 years, the purchasing power of US currency was stable. 100 years! From 1914 to 2018, the US dollar lost 98% of its value. Now, 40% of all Federal Reserve Notes ever printed were printed in 2020!
submitted by deleted to whatever 3.7 yearsAug 24, 2021 14:34:53 ago (+43/-0) (whatever)

deleted

[ - ] Teefinyomouf 4 points 3.7 yearsAug 24, 2021 17:25:08 ago (+4/-0)

1913: Federal income tax (16th amendment).

1933: FDR executive order confiscates citizens' gold compensating $20.67/oz.

1934: Congress raises price of gold to $35/oz (even the gold dollar was fiat).

1971: Congress takes us off the gold standard completely.

[ + ] Deleted

[ - ] deleted 2 points 3.7 yearsAug 24, 2021 19:47:26 ago (+2/-0)

deleted

[ + ] Teefinyomouf

[ - ] Teefinyomouf 4 points 3.7 yearsAug 24, 2021 19:57:51 ago (+4/-0)

The secret service came after you. Felony. It was as bad as counterfeiting money.

https://en.m.wikipedia.org/wiki/Executive_Order_6102

See the "Prosecutions" section.

[ + ] Hadza

[ - ] Hadza 1 point 3.7 yearsAug 25, 2021 05:17:40 ago (+1/-0)

And people complain that they don't rise up for the coof shot. They didn't when something as atrocious as this was pushed on them, so will they ever?

[ + ] Deleted

[ - ] deleted 0 points 3.7 yearsAug 24, 2021 20:04:33 ago (+0/-0)

deleted

[ - ] TerryB 3 points 3.7 yearsAug 24, 2021 15:54:36 ago (+3/-0)

Yes. People could properly plan for retirement.

[ - ] Fascinus 3 points 3.7 yearsAug 24, 2021 14:46:10 ago (+3/-0)

https://files.catbox.moe/kzq80a.jpg

[ + ] Deleted

[ - ] deleted 3 points 3.7 yearsAug 24, 2021 14:47:46 ago (+3/-0)

deleted

[ + ] Fascinus

[ - ] Fascinus 3 points 3.7 yearsAug 24, 2021 14:50:27 ago (+3/-0)

Hadn't heard of that before and it explains a lot: https://www.investopedia.com/modern-monetary-theory-mmt-4588060

So, essentially Monopoly money.

[ + ] Deleted

[ - ] deleted 3 points 3.7 yearsAug 24, 2021 14:52:41 ago (+3/-0)

deleted

[ + ] Fascinus

[ - ] Fascinus 3 points 3.7 yearsAug 24, 2021 14:55:29 ago (+3/-0)

MMT has a proven tract record of failure

Like every aspect of communism other than mass murder.

[ + ] Doglegwarrior

[ - ] Doglegwarrior -1 points 3.7 yearsAug 24, 2021 19:52:06 ago (+0/-1)

If they would mass murder the 13% and the arabs I'd be ok with communism

[ + ] Deleted

[ - ] deleted 0 points 3.7 yearsAug 24, 2021 20:02:17 ago (+0/-0)

deleted

[ + ] wypipo

[ - ] wypipo 3 points 3.7 yearsAug 24, 2021 15:19:24 ago (+3/-0)

MMT challenges conventional beliefs about how the government interacts with the economy, the nature of money, the use of taxes, and the significance of budget deficits.

The same way giving bleach can cure someone of AIDS by killing the patient, mere technicalities /s

[ + ] Hadza

[ - ] Hadza 0 points 3.7 yearsAug 25, 2021 05:19:16 ago (+0/-0)

Stop with the fucking /s reddit shit, we're not too dumb to understand your sarcasm you niggerfaggot

[ + ] Deleted

[ - ] deleted 1 point 3.7 yearsAug 24, 2021 23:13:18 ago (+1/-0)

deleted

[ - ] SparklingWiggle 1 point 3.7 yearsAug 25, 2021 09:09:38 ago (+1/-0)

The Great Reset.

[ - ] AlexanderMorose13 2 points 3.7 yearsAug 24, 2021 17:41:28 ago (+2/-0)

I talk about G Edward Griffin frequently. Money has changed a lot since the establishment of the Federal Reserve cartel and the hidden tax of inflation. It's horrible what is happening to everyone in the US on a daily basis. It's like we're all dying of cancer and no one knows how to detect it; they only know that they can't move their arm or leg quite right anymore.

https://libgen.unblockit.ch/libraryp2/main/3D1935ED569F6F8368DBF0FAB4D02807

[ + ] Hey_guys_whats_up

[ - ] Hey_guys_whats_up 2 points 3.7 yearsAug 24, 2021 19:39:16 ago (+2/-0)

Most people I know lost 30% of their purchasing power in the past 2 years.

They didn't even notice.

[ + ] AlexanderMorose13

[ - ] AlexanderMorose13 1 point 3.7 yearsAug 25, 2021 15:06:24 ago (+1/-0)

Robert Kiyosaki (Rich Dad, Poor Dad) did an interview with another man about his book, and laid into the Japanese for how they handle their money. It's hilarious when you consider that the US isn't even an example of the worst aspects of the control, only the seed of where it started.

[ + ] Hey_guys_whats_up

[ - ] Hey_guys_whats_up 0 points 3.7 yearsAug 25, 2021 15:26:23 ago (+0/-0)

That guy was a complete fraud and his book is completely shit.

[ + ] Fascinus

[ - ] Fascinus 2 points 3.7 yearsAug 24, 2021 21:44:29 ago (+2/-0)*

Endless loop on the DDOS protection for the link and I presume the title is "The Creature From Jekyll Island" by G. Edward Griffin.

Excellent read, though a bit long.

It's funny how people regard inflation as if it's some law of nature, never bothering to consider why.

If more people knew how they were being ~~pissed~~ robbed, at least some of them would be pissed (let's be honest; some folks will tolerate just about anything).

+1 for G. Edward Griffin alone

Edit: Robbed, not pissed.

[ + ] AlexanderMorose13

[ - ] AlexanderMorose13 2 points 3.7 yearsAug 25, 2021 15:07:34 ago (+2/-0)

Talk about inflation on a world stage, and enter an early grave. It's something that has to be done by somebody who's damn near suicidal, but when that dam breaks, the dominoes that fall will be endless, and a better world with align itself without them.

[ + ] Deleted

[ - ] deleted 1 point 3.7 yearsAug 24, 2021 20:03:47 ago (+1/-0)

deleted

[ - ] whostolemyusername 2 points 3.7 yearsAug 24, 2021 16:18:58 ago (+2/-0)

Seems like your economy is about to go boom.

You might be safe for a while though just because no government wants to start asking questions about the effects of mass printing of money effects an economy.

[ - ] 2Drunk 1 point 3.7 yearsAug 24, 2021 18:04:17 ago (+1/-0)

What could have happened? O'h jew.

[ - ] RedBarchetta 1 point 3.7 yearsAug 24, 2021 17:19:38 ago (+1/-0)

Actually the value of the dollar was stable until the 20's when banks had to show they could cover a loan. Then when the gold standard was dissolved in lieu of credit it became worthless.

[ + ] Teefinyomouf

[ - ] Teefinyomouf 1 point 3.7 yearsAug 24, 2021 17:32:36 ago (+1/-0)

The dollar has always been fiat and fiat has always been worthless. Congress controlled the price of gold so it was smarter to keep gold than to keep dollars. OTOH the government could be trusted to keep a stable exchange rate and dollars were convenient. This balance went away when FDR confiscated every citizen's gold in 1933 with an executive order. In 1934 congress rased the price of gold by 70%, making the theft complete. This should have been the watershed moment where the government became untrustworthy. They betrayed their citizen's trust by raising the price so quickly. But the people had already turned over their gold.

[ + ] RedBarchetta

[ - ] RedBarchetta 1 point 3.7 yearsAug 24, 2021 21:41:20 ago (+1/-0)

But the people had already turned over their gold.

Riiiiiight. Like they turn over guns.

[ + ] Deleted

[ - ] deleted 0 points 3.7 yearsAug 24, 2021 20:10:27 ago (+0/-0)

deleted

[ - ] Clubberlang 0 points 3.7 yearsAug 24, 2021 23:04:20 ago (+0/-0)

I remember seeing silver pennies

[ + ] Fascinus

[ - ] Fascinus 0 points 3.7 yearsAug 25, 2021 16:28:30 ago (+0/-0)

Presume you mean these: https://www.usacoinbook.com/coins/440/small-cents/lincoln-wheat-cent/1943-P/steel-cent/

1943 Lincoln Wheat Cents look like "silver pennies" but they are actually made out of steel. During World War 2: The US needed to allocate as much copper as possible for the war effort and this included copper used for minting Lincoln Cents at the US Mint. Zinc-coated steel was used as the substitute metal composition and hence the new silver-like coin is known as the wartime steel cent or steel penny.

[ - ] account deleted by user 0 points 3.7 yearsAug 24, 2021 18:37:16 ago (+0/-0)

account deleted by user

[ + ] Deleted

[ - ] deleted 0 points 3.7 yearsAug 24, 2021 20:02:32 ago (+0/-0)

deleted

[ - ] deleted 0 points 3.7 yearsAug 24, 2021 18:13:32 ago (+1/-1)

deleted

[ + ] Deleted

[ - ] deleted 0 points 3.7 yearsAug 24, 2021 20:02:51 ago (+0/-0)

deleted

[ - ] voater -2 points 3.7 yearsAug 24, 2021 20:14:39 ago (+0/-2)

The (((economy))) is fake, dollar only has the value the Jew says it has.

Fuck off with your blue pilled macro economics.

[ + ] Deleted

[ - ] deleted 0 points 3.7 yearsAug 24, 2021 20:26:32 ago (+0/-0)

deleted

[ + ] voater

[ - ] voater -1 points 3.7 yearsAug 24, 2021 20:51:43 ago (+0/-1)

Bullshit

"That is to say the US dollar lost 98% of its purchasing power over the course of a hundred years!"

You think the dollar has value lmao normie

[ + ] Deleted

[ - ] deleted 0 points 3.7 yearsAug 25, 2021 16:21:54 ago (+0/-0)

deleted

[ + ] voater

[ - ] voater -1 points 3.7 yearsAug 26, 2021 18:54:05 ago (+0/-1)

You don't belong here bug

Sign into an existing account