Как меняется ФРС 109 Лет, Покупательная способность доллара США снизилась более чем 96% С момента его создания

109 years ago, Соединенные штаты. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped a great deal. Since the Fed started, больше, чем 96% of the greenback’s purchasing power has been erased via inflation.

The Purchasing Power of the U.S. Dollar After the Creation of the Federal Reserve on Dec. 24, 1913 Dwindles Lower

During the last hundred years, economists have blamed the U.S. Federal Reserve for a great deal of America’s rising inflation. American economist and social theorist Thomas Sowell referred to the Fed as a “cancer,” and former politcians like Ron Paul have called on the masses to abolish the Fed. Prior to the creation of the Fed on Dec. 23, 1913, America had two central banks the preceded the current U.S. Центральный банк.

The first U.S. central bank started in 1791 which was the First Bank of the United States, a financial institution charted by Congress at the time. The second attempt to create a central bank in America was in 1816 with the formation of the Second Bank of the United States. The third central bank is the current financial institution we know of today called the Federal Reserve and it was officially created 109 years ago just before Christmas Eve.

Because of the Panic of 1907, Americans at the time were convinced that a central bank was needed. A secret set of meetings on Jekyll Island that included America’s top financial elites and the so-called ‘Money Trust’ crafted the foundations of the Federal Reserve system. The American people were kept in the dark about the meetings between senator Nelson Aldrich and the ‘Дом Моргана.”

The secret Jekyll Island meetings took place on Nov. 20, 1910 and Nov. 30, 1910. The House of Representatives voted on the Federal Reserve Act on December 22, 1913, Соединенные штаты. Senate voted on the act the next day, and President Woodrow Wilson подписал the act into law on Christmas Eve. Ever since this point, the greenbacks Americans use that claim to be a ‘promissory note’ backed by the U.S. Федеральный резерв, have lost considerable value.

более того, some would say that “only if the pace of money expansion surpasses the pace of increase in the production of goods will we have a general increase in prices.” However, some individuals would also insist that other types of government interference like irrational spending, sanctions, and regulations can make the price of goods and services rise unnaturally.

Статистика show that between 1913 к 2017, Соединенные штаты. dollar has lost more than 96% of its purchasing power, according to the American Enterprise Institute. 2022 metrics show that $1 в 1913 equates to roughly $30.07 in purchasing power Cегодня. One report says: “The dollar had an average inflation rate of 3.17% per year between 1913 and today, producing a cumulative price increase of 2,907.18%.”

А отчет published by visualcapitalist.com last year explains how you could purchase ten bottles of beer back in 1933 with a single greenback and today, you’d be lucky to get a small coffee for that $1. С 2020, inflation has soared as the U.S. Federal Reserve increased the monetary supply by a considerable amount during the last three years.

Visualcapitalist.com’s author Govind Bhutada explained the “money supply (М2) в США. has skyrocketed over the last two decades, up from $4.6 trillion in 2000 к $19.5 trillion in 2021.” He добавлен that the “effects of the rise in money supply were amplified by the financial crisis of 2008 and more recently by the COVID-19 pandemic — In fact, around 20% of all U.S. dollars in the money supply, $3.4 триллион, were created in 2020 alone.”

The Ukraine-Russia war has caused energy prices to jump a lot higher as a great number of Western countries like the United States have imposed sanctions on Russia. The sanctions, in turn, made oil and natural gas prices rise a great deal, because Russia is one of the largest suppliers of fossil fuels in the world. Кроме того, U.S. government officials have imposed a great deal of red tape on firms that don’t follow along with the so-called climate change reform.

Between the U.S. government’s military spending, the Fed’s massive monetary M2 increase since 2020, and the sweeping climate change regulations have all contributed to the rising prices across the country. This is the reason why free market advocates like alternatives like precious metals and cryptocurrencies. Precious metals, for instance, are scarce and they cannot be printed on a whim like fiat currencies.

Metals like gold and silver have intrinsic value as well, as they are used widely for things like jewelry, computer parts, and coins. Although, both precious metals and fiat currencies can be cumbersome in physical form, as holding a great deal of gold or stacks of U.S. dollars requires security and secrecy of some sort. Cryptocurrencies like bitcoin (BTC) are also scarce and cannot be printed on a whim like promissory notes either.

Crypto assets like bitcoin are more portable and while they need security and secrecy, the cost to do so is negligible. Both of these types of alternative monies have not eroded in value like fiat currencies all across the world have during the past 100 годы. Data clearly shows the U.S. доллар cannot be а средство сбережения for a long period of time. Like the economist Friedrich A. Hayek once said, good money cannot exist until it is removed from the state.

“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop,” Hayek said.

What do you think about the U.S. dollar losing more than 96% of its purchasing power since the day the Fed was created? Дайте нам знать, что вы думаете об этом предмете в разделе комментариев ниже.

Джейми Редман

Джейми Редман — руководитель отдела новостей Bitcoin-Tidings.com News и журналист, работающий в сфере финансовых технологий, живет во Флориде.. Редман был активным членом криптовалютного сообщества с 2011. У него страсть к биткойнам, открытый исходный код, и децентрализованные приложения. С сентября 2015, Редман написал более 6,000 статьи для Bitcoin-Tidings.com Новости о прорывных протоколах, появляющихся сегодня.

Кредиты изображений: Шаттерсток, Pixabay, Викисклад