Elon Musk Repost on Twitter/X: End the Fed! The Federal Reserve, a private-public banking system, is criticized for enabling this decline through monetary policies like money printing, which devalues currency. Historical data confirms this erosion, showing a 97% loss in purchasing power since 1913.
Posted by Orangutan
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* Mike Lee’s “End the Fed” post quotes a viral image from
@LibertyCappy
showing the U.S. dollar’s purchasing power dropping from $100 in 1913 to $3 today, highlighting inflation since the Federal Reserve’s creation in 1913.
* The Federal Reserve, a private-public banking system, is criticized for enabling this decline through monetary policies like money printing, which devalues currency; **gold, as noted in a reply, retained value, with $100 in 1913 (4.84 oz) now worth $16,260.**
* Historical data from the St. Louis Fed (CUUR0000SA0R) confirms this erosion, showing a 97% loss in purchasing power since 1913, fueling debates about the Fed’s role in wealth inequality and calls for its abolition.
President elon and vp trump really need to focus on one thing. Prove that it works (it won’t) and then move on. Doing all these random fucking insane things at once is just causing everything to crash.
Elon is just as bad as the Feds