As the Fed Turns 109 Years Old, the US Dollar’s Purchasing Power Eroded by More Than 96% Since It Was Created

109 years ago, ZDA. 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, more than 96% of the greenbacks purchasing power has been erased

The Eerie Similarities of Today’s Great Monetary Shift and the Panic-Led Creation of the Federal Reserve System

While many Americans believe the U.S. Federal Reserve is the caretaker of the countrys monetary system, its also believed to be one of the worst financial institutions ever created. notri 2022, amid a gloomy economy, war, and a number of global