A truly frightening look at how the supply of Dollars has exploded over the last few months. From the St. Louis branch of the Federal Reserve.
To give a comparison, that little blip around 1990 is the First Gulf War.
According to measuringworth.com $1.00 in 1775 had the purchasing power of $1.11 in 1912. So in 137 years, a dollar lost 10% of it’s value. $1.00 in 1913 had the purchasing power of $22.90 in 2008. The dollar has lost 96% of it’s purchasing power in 95 years.
1913 was the year the Federal Reserve was created.
That is the Power and Folly of Paper.
What’s another $900,000,000,000 between friends? It’s only Money. The Government can always print more, right?