US$ Purchasing Power’s Decline

Source: ZeroHedge, Nov 2019

today’s central bankers facilitate the growth of government by purchasing government securities in order to keep interest rates – and thus the government’s borrowing costs – low.

The Federal Reserve’s interventions enable the expansion of government well beyond what would be politically palatable if politicians had to finance the entire welfare-warfare state through direct taxation or borrowing at market interest rates, which would increase interest rates for private sector borrowers, lower growth, and increase unemployment.

Since the creation of the Federal Reserve, the US dollar has lost over 96 percent of its value.

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