In response to the horrendous monetary inflation by the federal government, the geniuses in DC have caused another major issue without significantly addressing inflation. As The Liberty Block has reported numerous times, the vast majority of all dollars ever printed in history were created over the past three years. Each dollar created by the Federal Reserve dilutes the purchasing power of the dollars in your wallet, bank account, and investment funds. On a simple level, doubling the amount of dollars in circulation cuts the value of each of your dollars in half.
Today marks the 109th anniversary of the creation of the Federal Reserve on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. The financial insiders rejoice this holiday season, as they have every Christmas Eve for the last 109 years, congratulating themselves on their stupendous fortunes and looking forward to a prosperous new year!