Tuesday, January 08, 2013

So, You Think It's Bad Now?

Don't forget the ultimate penalty on the young and the poor - inflation:
As is clear by this chart, inflation was virtually unheard of until the Creature from Jekyll Island (the Federal Reserve) took over.  However, more importantly, things didn’t really start to get bad until the 1970?s right after Nixon took the nation off the gold standard in 1971.  Since that time, America has seen a period of non-existent real wage growth and a huge gap grow between the rich and the poor ever since.  Nothing like livin’ the debt slave dream!
Chart and quote from www.zerohedge.com 

No comments: