Thrity three years ago today

Nixon ended the Gold Standard, and today, I read this interesting piece of information.

More on FedLine Advantage can be found here.

By the by, both Nixon's act was a betrayal to his oath of office. The best example to prove this is that what took $100.00 dollars in 1971, now takes $468.40. You can find the proof here, which is the U.S. Department of Labor Bureau of Labor Statistics tool called the Inflation Calculator. To put the above figures in context, in 1913 when the Federal Reserve Corporation was created, it took fifty-eight years for that figure of inflation to reach $100.00/$409.09. That same level of inflation (actually the figure was $411.36) was reached in 1999, only twenty-eight years later. To put succinctly, inflation is a hidden tax.

And, if the private corporation intentionally misnamed the Federal Reserve predicts that it's new web-based system is safe, just remember how "well" it does with the economy.

--WP