Change We Can Believe In
A picture is worth a thousand words…
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The red line is President Obama’s first day in office. The blue dots are the national debt. Not a good trend. This news does not help either.
Remember those optimistic deficit estimates from the White House, and the slightly less rosy projections from the Congressional Budget Office? Get ready for a major recalculation. Tax revenues fell drastically in April, the AEIR reports, a month which usually brings the most money into government coffers
Yes. The dollar’s purchasing power has declined over 95 percent in the last 100 years. A dollar today wwon’t buy what a nickel did in 1909.
But it wasn’t always like that. In George Washington’s day, a dollar would buy about the same as it would in 1900. Thats right no inflation. Actually money was pretty level for 250 years, then …
What caused our money to be inflated? can you say Federal Reserve?