TLDR: The FED is a massive, legalized counterfeiting organization designed to suck most of the wealth from Americans so that those who own and/or control the FED become even richer, and to provide funding for the Deep State's programs, including especially war and noose-tightening regulations and "progressive" programs aimed at weakening, restraining, and impoverishing the general population.
The FED was established in 1913, when bread was 5 cents a loaf, and a $20 bill could be exchanged for a one-ounce gold coin (such as the Gold Eagle). Gold is now $1811.20 / oz as I write this (although try buying a Gold Eagle, or any other one-oz gold coin, for that price) and bread costs -- well, whatever they're charging today at your local store.
TLDR: The FED is a massive, legalized counterfeiting organization designed to suck most of the wealth from Americans so that those who own and/or control the FED become even richer, and to provide funding for the Deep State's programs, including especially war and noose-tightening regulations and "progressive" programs aimed at weakening, restraining, and impoverishing the general population.
The FED was established in 1913, when bread was 5 cents a loaf, and a $20 bill could be exchanged for a one-ounce gold coin (such as the Gold Eagle). Gold is now $1811.20 / oz as I write this (although try buying a Gold Eagle, or any other one-oz gold coin, for that price) and bread costs -- well, whatever they're charging today at your local store.
Can I get the cost of a ribeye back then please?
25 to 50 cents per pound I would imagine.
Gotta love how bread has risen 10,000% in price but isn't even close to 10,000% better.
Its just coin clipping on a national scale