Lets take the federal reserve for example. It has destroyed the u.s's currency by devaluing its worth to 4 cents.
Ok then.
Let's use Chaosx's example. He did not calculate the value of the $20 bill correctly.
Taking away all other factors, including inflation from the value of $20 in 1913 to today, the value of a $20 today compared to 1913 is $.32 (multiply 20 by .016).
Although not for free, there was a paper recently published about the effects of the Federal Reserve in honor of it's centennial. Believe it or not, I recommend that
you read this. It only costs $5, but you will gain so much knowledge from it.
BTW, here is a little excerpt from the paper:
Quote:
It is probable that in 1913, while financial panics were not uncommon, high inflation was still largely seen by the founders of the Fed as a relatively rare phenomenon associated with wars and their immediate aftermath. Figure 1 plots the US price level from 1775 (set equal to one) until 2012. In 1913 prices were only about 20 percent higher than in 1775 and around 40 percent lower than in 1813, during the War of 1812. Whatever the mandates of the Federal Reserve, it is clear that the evolution of the price level in the United States is dominated by the abandonment of the gold standard in 1933 and the adoption of fiat money subsequently. One hundred years after its creation, consumer prices are about 30 times higher than what they were in 1913. This pattern, in varying orders of magnitudes, repeats itself across nearly all countries.
There's a whole complex calculation associated with the value of the dollar in 1775 vs today, but I was able to recreate the calculation using 1913 dollars. The result? $1.00 in 1913 has a value of $.97 today. Even though there was little change, the value of the dollar
grew thanks to many factors, including inflation.
(The calculation is seen in the paper, just fyi)
Mind you, this is a
peer reviewed paper, not a governmental propaganda or conspiracy propaganda video. Are you going to argue that the leaders and scholars of the economic world are wrong because it doesn't fit in your narrative?
Let's continue:
You Mr nobody keep asking for sources and no sources i provide will ever satisfy you because you love it.
I asked for peer reviewed sources, from people who understand and know the economy better than you ever would. If you are really a law student, you would know that legislative documents have a stronger stance coming from legal scholars than somebody who believes that the government is corrupt.
You mr Nobody love the idea that this country under two treasonous parties is destroying itself .
I have asked you many times what laws they broke. You are accusing them of the highest crime in the nation, and you have yet to
even provide the laws that they broke that makes them traitors. What in the world do they TEACH you in that class of yours?
Mr. Nobody hates the fact that i care about my nation and wish to restore its Integrity and Honor and remind the world that this nation is the definition of overcoming odds set against it.
You don't care for this nation, you are making a mockery of it. You attack this nation's economic center, you attack this nation's legislative and executive branches, you attack it providing absolutely no reason other than conspiracies and accusations. You are showing how limited your education is, embarrassing this nation's education system by
claiming that you are a college student, but your grammar and spelling is one of the worst seen on this website. You are making a mockery of the United States of America, and your continual belligerent posts will drag this nation's name even further in the mud, as you are a prime example of what is being taught to our children at this day and age.
You are an embarrassment to this nation, and your refusal to accept or acknowledge this shows how little you care for this nation of ours.
when we the people were truly informed we united and overcome everything.
I am informed. You are not. You refuse to be informed because you believe of some evil hand directing your every move unless you bring something "different" to the discussion.
i am beyond you and you can't accept that i am actively pursuing to make this nation better.
No, you are not beyond anyone. Unless you mean that you are beyond all aspects of reality, then I will agree with you.
You want to argue with me over the Federal Reserve? Fine, let's go at it. However, please be aware that I will
prove by both legal and economic means that you are wrong. You can continue using your YouTube videos, but unless you are able to substantiate it with verifiable, historical facts accepted by the top scholars of the theory we are debating about, you will
always be wrong.
Or are you saying that you are smarter than everyone else?
rp&r page 213 Lordgrim does a thing
rp&r page 216 Lordgrim doesn't understand a thing
rp&r page 221 Lordgrim asks a loaded, directed question
rp&r page 223 Lordgrim doesn't have a clue
rp&r page 228 Lordgrim pops
rp&r page 233 Lordgrim: Leader of the Illuminati
rp&r page 234 Lordgrim claims he is Jesus.
rp&r page 239 Lordgrim doesn't understand representation and appropriations bills.
rp&r page 240 Lordgrim claims to have an education, but doesn't prove it.
rp&r page 243 Lordgrim claims to be smarter than everyone else.