federal-reserve-act-of-1913

Thanksgiving dinner in 1909 for just 50 cents reveals how much of America's wealth has been stolen by the Federal Reserve

Thanksgiving dinner in 1909 for just 50 cents reveals how much of America’s wealth has been stolen by the Federal Reserve

(NaturalNews) A Thanksgiving dinner at the Hotel Gettysburg in 1909 offered a lush array of gourmet food for just 50 cents. (h/t to The Burning Platform)

The menu, shown below, offered diners fresh lobster salad, broiled lake trout, beechnut ham, roast ribs of prime beef, young Vermont turkey with cranberry sauce, oyster patties, Gettysburg pudding, vanilla cream pie, apple pie, chocolate cake,…

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Thanksgiving dinner in 1909 for just 50 cents reveals how much of America's wealth has been stolen by the Federal Reserve

Thanksgiving dinner in 1909 for just 50 cents reveals how much of America’s wealth has been stolen by the Federal Reserve

(NaturalNews) A Thanksgiving dinner at the Hotel Gettysburg in 1909 offered a lush array of gourmet food for just 50 cents. (h/t to The Burning Platform)

The menu, shown below, offered diners fresh lobster salad, broiled lake trout, beechnut ham, roast ribs of prime beef, young Vermont turkey with cranberry sauce, oyster patties, Gettysburg pudding, vanilla cream pie, apple pie, chocolate cake,…

View On WordPress

Before the implementation of the Federal Reserve Act central banking charters expired every 20 year. It is often spoke of in economic and policy circles that Mr. Woodruff stated years later that this was his greatest error doing his presidency. Legislature that he would always regret supporting. I read the letter he wrote to a close friend expressing his ideas on the issue; to say the very least, it is disheartening.

Skill #1

12.1

This meme expands on the economic concept of inflation, the increase in prices and fall in the purchasing value of money. Inflation decreases the amount of goods and services money can purchase, lessens the value of the dollar. However, if the prices are rising, then wages should be rising as well. Consumers shouldn’t question whether inflation is rising rather if the inflation rate is rising equally to the consumer’s wages.  It’s depiction of less quantities of groceries in each of the shopping carts represents the quantity of goods money could buy during each period of increasing inflation from 1998 to 2013. In 1913 the Federal Reserve Act was established, with it, came a new form of economic stability, by commencing the usage of a Central bank. The Federal Reserve Act allowed 12 Federal Reserve banks to be in charge of monetary policies, such as, printing new money into the system to ensure stability. Another privilege the Federal Reserve has is the ability to adjust the discount rate, the federal fund rates, and to buy & sell U.S. treasuries. The reason legislation created the Federal Reserve System was due to the recurrence of panics, financial disruption, before hand which left investors unsure about the safety of their deposits. This meme initiates the idea the Federal Reserve has been slowly inflating the economy, at a plateau rate. I agree, with the overall message of this meme, mainly because it is visibly true. The amount of groceries $20 could buy in the 1990s is definitely, physical, more than the quantity $20 in today’s market economy can purchase. The reasoning being that companies producing products have deemed to require a higher price for their products over the course of time and will realistically continue to rise.