Federal Reserve Act of 1913
An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency,
US Dollar Priced in Gold.
A Dollar is defined as 371 4/16 grains of Silver. That's about 56x10^20 Silver atoms.
I use an elastic tape measure on all my building projects. Would you hire me?
When the butcher puts is thumb on the scale, how can I explain that my purchase doesn't measure up?
Until the fraud is admitted, silly analyses will prevail.
The Fiat bubble popped in 2000, Priced in Gold:
GDP has lost 79% since 2001
DJI has lost 92% since 1999
Wages are at 1939 levels.
Household Net Worth at 1957 levels.
House prices are below 1890 levels.
Free includes debt-free!
Want DP delivered to your inbox daily? Subscribe here: