Inflation in America: ‘Virtually unheard of until the Federal Reserve took over’

Picture of the Week

Michael Krieger:

“As is clear by this chart, inflation was virtually unheard of until the Creature from Jekyll Island (the Federal Reserve) took over.  However, more importantly, things didn’t really start to get bad until the 1970?s right after Nixon took the nation off the gold standard in 1971.  Continue reading

Picture of the week: Big Banks Bubbles

Banks – market value (2009 vs 2007) / via MaxKeiser.com

No Comment.

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Comparing Iran with US: No Comment

Image via MaxKeiser.com

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Picture of the week: Canadian Dollar purchasing power from 1971 to 2008


Supply Fold-Increase
Change in Unit Value (%) 1971-2008
Gold 1.8 310.4
CHF 3.8 -23.7
JPY 15.9 -25.4
USD 16.8 -81.1
CAD 15.4 -84.4
AUD 33.5 -88.2
GBP 12.6 -88.3

Mike Hewitt: “The United States is not alone in pursuing inflationary monetary policy Continue reading