A candidate who understands Gunwalker.

Jessica Puente Bradshaw, Republican Candidate in the Texas CD34 runoff, understands Gunwalker and a whole lot more.

WP

Jon Stewart Exposes the Fraud of the Federal Reserve

Found via the LRW Blog here.

The Daily Show
Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook

However, this is something you already know.

WP

Part 8 - The Gold Rush Currency Wars

Yup.

WP

Bundesbank gold location kept secret

Bundesbank gold location kept secret

As pressure grows for Germany to tap its gold reserves amid the European sovereign debt crisis, the Bundesbank is refusing to end its silence on where its more than 3,000 tonnes of the precious metal is stored.

Economics Minister Philipp Rösler firmly ruled out digging into the country's reserves to help rescue the euro.

"German gold reserves must remain untouchable. I say this explicitly as Economics Minister, as representative of the Chancellor and as party chairman of the Free Democrats," he said on Monday on ARD television.

On Tuesday, the daily Financial Times Deutschland examined the speculation on where Germany’s horde of gold is being kept. The country's estimated 3,401 tonnes is the second largest national reserves after that of the United States.

Much of Germany’s gold would appear to be still in America, where it was held during the Cold War to ensure it never would fall prey to invading Soviet forces.

Enjoy the comments.

WP

Ron Paul Ad- He Served

The Black Swan is on the Wing

Yes, Karl Denninger is correct: "Without comment... none is necessary..."



However, I will add what a friend is oft fond of stating: "I for one look forward to the coming pandemonium- debts will be paid."

WP

Forty Years since Nixon's Great Crime

In 2004, 2005, and 2007 I posted about the Nixon ending the Gold Standard.

Tomorrow marks the 40th anniversary of Nixon ending the Gold Standard and since then, especially in the past four years our "leaders" have fully bankrupted us.

Gold in 1971 was priced at the artificial price of $35.00FRN because of the Bretton Woods System and by the end of 1971 it was priced at $44.20FRN- a 38.804% increase. Then, by the end of 1972 an ounce of gold sold for $70.30FRN a jump of just over 100% in sixteen and half (16½) months, peaked at the end of February 1975 at $185.25FRN and was down to $140.25FRN at the end of the year (appreciation to KITCO for making the graphs available). From then until the peak in 1980 until 1999 the pricing stayed relatively flat and if interested, you can see the average price from 1968 until today here (appreciation to the Gold Information Network for having the data available to all).

Now, let us recall that the peak price for gold was January 21st, 1980 at $850.00FRN and that it recently hit a "high price" of $1814.80FRN on the spot market which seems on the surface to be a new record, but it is not.

Thanks to inflation, it will take $2,328.45FRN to beat the old record, in equivalent FRN (1980 $850.00FRN = 2011 $2,328.44). This means that gold is $513.65FRN away from the record or 35.331% away and one third (1/3rd) away which seems like a lot, but even the JPMorgue thinks it very well may hit this price and pass it by the end of this year.

Many think and believe it- I know I do but unfortunately, I am not a wealthy man, nor do I have funds to allocate to it and frankly never have. My Wife and I put food on the table, pay our bills and store what we can and have done so for a number of years but never really had a lot of disposable funds. Some of this was unintended bills, others were our mistakes and will never blame others for OUR choices.

Banksters, corporations, politicians, and parasites do such- we do not. They never risk themselves, always others and the fruits of others labors is what they choose to use via corrupt legislation that become laws- which they pay for to the politicians.

Everyone knows this and most in the united States have their livelihood tied to this and they do not want it to end.

However, it cannot last as there is NO SUCH THING AS PERPETUAL MOTION.

The Republic of these United States is bankrupt and yesterday, the Iowa Straw Poll was won by Michele Bachmann by LESS one percent (1%). A woman who has always worked for government- first as an IRS Agent who put people in jail over taxes and then her husband and she collected a portion of her funds from foster kids.

The Bachmanns were licensed by the state from 1992 to 2000 to handle up to three foster children at a time; the last child arrived in 1998. They began by offering short-term care for girls with eating disorders who were treated through a program at the University of Minnesota, said George Hendrickson, the chief executive of PATH Minnesota, the private agency that handled the placements.

While Mrs. Bachmann may have envisioned herself caring for unwed mothers, as she said in 2006, Mr. Hendrickson, who worked with the couple for four years, said that to his knowledge, none were pregnant.

He said the Bachmann home was "technically considered a treatment home," which offered a higher level of reimbursement. (The current rate is $47 a day, Mr. Hendrickson said.) That designation required a higher standard of care from parents who had the educational and emotional capability to handle "serious mental health issues." Dr. Bachmann's training was an asset.

Now, realize today's $47.00FRN rate was just over $29.00FRN's (once again, using the BLS Inflation Calculator for this) in 1992 or $7830.00FRN for roughly nine months per child (scaled down to nine months for this figure for 1992). Today, that would be $12,597.31 for one kid (not counting the changes in law since then and the increase in monies via other programs for foster children). By 2000 that daily stipend was $43.68 or $11,793.60 for nine months per child. This does not take into account any ancillary business her husband GAINED by word of mouth for his therapy business because of the foster children.

Now, granted, these figures are estimation on my part but I think them valid when looking at this woman and those who tout her as a real conservative and a solution for our bankruptcy and in fact, most, as usual will not look or hear anything but soundbites.

Everyone of the GOP slate, except for one, has recently touted that the Federal Reserve needs auditing and the Thursday "debate" put on by FAUX NEWS was full of laughter due to the responses of those on stage- except for one, Ron Paul.

Across the Web, TV, Radio there are those who are and will continue to do their damndest to see him fail.

Each has a stake in his failure- whether they firmly believe he is wrong or have monied interests in the outcome, the goal is the same- the continuation of our ruin.

Ron Paul entered politics specifically because of Nixon's Great Crime and the only man who is running who has worked his entire career to see it corrected.

While still a medical resident during the 1960s, Paul was influenced by Friedrich Hayek’s The Road to Serfdom, which caused him to read many publications by Ludwig von Mises and Ayn Rand. He came to know economists Hans Sennholz and Murray Rothbard well, and credits to them his interest in the study of economics. He came to believe that what the Austrian school economists wrote was becoming true on August 15, 1971, when President Richard Nixon "closed the gold window" by implementing the U.S. dollar's complete departure from the gold standard. That same day, the young physician decided to enter politics, saying later, "After that day, all money would be political money rather than money of real value. I was astounded."

It is good to see more and more have awakened and are waking up, but they need context and history.

A goodly portion in Iowa did yesterday as Ron Paul nearly came in first- missed it by nine tenths of a one point (9/10ths of 1%) and for those that think this a loss, I will point out that the IRS Agent had roughly twenty percent (20%) of her supporters either cast votes for others or not at all and squandered $35,310.00FRN on poll tickets.

If he had won first place, all of those wanting Ron Paul to fail would have touted that the poll meant nothing, but they cannot now as those very same are touting it as propelling the IRS Agent into the lead.

This was a huge win for Ron Paul, but even more so for Liberty as he has often said, it is not about him, but the ideas of Liberty and Freedom.

Ron Paul started his career forty years ago, has spent those forty years fighting against Nixon's Great Crime and the next sixteen months will be the culmination.

What do you want, those that wish to dictate how you and others live, or a man who started his his career in politics for his and others liberties?

WP

Interesting articles

Catching up on some reading that I recently missed while working today that caught my eye and the first is from three days ago:

Afghanistan Central Bank Head Flees To US

In what may be the most prophetic news of the day, we learn that the head of Afghanistan's central bank, Abdul Fitrat (what an oddly appropriate name for a central banker), has escaped the country, emigrated to the US and "isn't expected to return because he fears for his safety after investigating fraud allegations at the country's largest lender, according to two Western officials." It gets funnier. From the WSJ: "Mr. Fitrat said he left the country because his life had been threatened and that the Karzai government was refusing to prosecute those allegedly involved in fraudulent loans, the Associated Press reported. "My life has become completely endangered," he told the AP. "Since I exposed the fraudulent practices on April 27 in parliament I have received information about threats on my life." Mr. Fitrat's family lives in the Washington suburbs, and he has permanent resident status in the U.S., according to a person close to the banker." Surely, Mr. Fitrat had nothing to do with the $850 million in "suspect loans" made by Kabul Bank which is at the core of the scandal.

So is it living or House Arrest to keep their mouths shut to protect the Banksters? My wager is the later.

How Does NSA Get Away With Running Top Secret Menwith Hill in the UK?

North Yorkshire in the UK is known for its undulating and verdurous hillsides, scattered with walkers and sheep poo, cozy country pubs selling ‘real’ ale and Yorkshire bitter, and simple folk who talk funny.

This tranquil and traditional corner of England at its most ‘English’ is the last place you would expect to find a $10 billion dollar “star wars” inspired defence shield that houses 33 satellite dishes, enclosed within giant ‘golf balls’ that receive data from four SBIR satellites 24,000 miles above earth.

This almost unbelievable scenario is the situation with Menwith Hill in North Yorkshire, the home of a major US military site that has been shrouded in secrecy during its two-decade construction.

It has now been reported as the site for “Echelon”, the top secret US eavesdropping system that intercepts communications from around the world.

Not new news, but good to see people are asking again and perhaps just a few more will realize the extent of how they are watched- constantly.

Then there is the following in the Air Force times:

AFRICOM: AF, Navy still flying Libya missions

By Dave Majumdar - Staff writer
Posted : Thursday Jun 30, 2011 12:33:04 EDT

Air Force and Navy aircraft are still flying hundreds of strike missions over Libya despite the Obama administration’s claim that American forces are playing only a limited support role in the NATO operation.

An Africa Command (AFRICOM) spokeswoman confirmed Wednesday that since NATO's Operation Unified Protector (OUP) took over from the American-led Operation Odyssey Dawn on March 31, the U.S. military has flown hundreds of strike sorties. Previously, Washington had claimed that it was mostly providing intelligence, surveillance and reconnaissance (ISR) and tanker support to NATO forces operating over Libya.

"U.S. aircraft continue to fly support [ISR and refueling] missions, as well as strike sorties under NATO tasking," AFRICOM spokeswoman Nicole Dalrymple said in an emailed statement. "As of today, and since 31 March, the U.S. has flown a total of 3,475 sorties in support of OUP. Of those, 801 were strike sorties, 132 of which actually dropped ordnance."

A White House report on Libya sent to Congress on June 15 says that “American strikes are limited to the suppression of enemy air defense and occasional strikes by unmanned Predator UAVs against a specific set of targets.” The report also says the U.S. provides an "alert strike package."

So another worthless lie from the Muslim Kenyan and yet, he is not impeached, the peasants are not storming the gates and we are but three days away from our anniversary...

Ugly is so coming.

WP

George Soros in his own words about the "Orderly Decline Of The Dollar"

Soros was born in Budapest, Kingdom of Hungary, the son of the Esperantist writer Tivadar Soros. Tivadar (also known as Teodoro) was a Hungarian Jew, who was a prisoner of war during and after World War I and eventually escaped from Russia to rejoin his family in Budapest.

The family changed its name from Schwartz to Soros in 1936, in response to growing anti-semitism with the rise of fascism. Tivadar liked the new name because it is a palindrome and has a meaning. Although the specific meaning is left unstated in Kaufman's biography, in Hungarian, soros means next in line, or designated successor; and, in Esperanto, it means "will soar".

Listen as he states exactly his goal and plan for the destruction of the Republic; but hey, what does it matter, you have your Pop-Tarts and American Idol, right?

Quantitative Easing Explained

Understand now?

WP

Celebrate 100 Years of the Federal Reserve- If You Are A Bankster

The Federal Reserve Is Holding a Conference On Jekyll Island To Celebrate 100 Years of Dominating America

Economic Collapse Blog

The Federal Reserve is going back to Jekyll Island to celebrate the 100 year anniversary of the infamous 1910 Jekyll Island meeting that spawned the draft legislation that would ultimately create the U.S. Federal Reserve. The title of this conference is "A Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve," and it will be held on November 5th and 6th in the exact same building where the original 1910 meeting occurred. In November 1910, the original gathering at Jekyll Island included U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and many representatives from the upper crust of the U.S. banking establishment. That meeting was held in an environment of absolute and total secrecy. 100 years later, Federal Reserve bureaucrats will return to Jekyll Island once again to "celebrate" the history and the future of the Federal Reserve.

Sadly, most Americans have no idea how the Federal Reserve came into being. Forbes magazine founder Bertie Charles Forbes was perhaps the first writer to describe the secretive nature of the original gathering on Jekyll Island in a national publication....

Picture a party of the nation's greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily riding hundred of miles South, embarking on a mysterious launch, sneaking onto an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was once mentioned, lest the servants learn the identity and disclose to the world this strangest, most secret expedition in the history of American finance. I am not romancing; I am giving to the world, for the first time, the real story of how the famous Aldrich currency report, the foundation of our new currency system, was written... The utmost secrecy was enjoined upon all. The public must not glean a hint of what was to be done. Senator Aldrich notified each one to go quietly into a private car of which the railroad had received orders to draw up on an unfrequented platform. Off the party set. New York's ubiquitous reporters had been foiled... Nelson (Aldrich) had confided to Henry, Frank, Paul and Piatt that he was to keep them locked up at Jekyll Island, out of the rest of the world, until they had evolved and compiled a scientific currency system for the United States, the real birth of the present Federal Reserve System, the plan done on Jekyll Island in the conference with Paul, Frank and Henry... Warburg is the link that binds the Aldrich system and the present system together. He more than any one man has made the system possible as a working reality.

I found this via Lew Rockwell this morning, but had already known that these scum would do such and are preparing much worse than the 97% destruction in the US Dollar that they have already done.

As a man I know often says, "I look forward to the coming pandemonium."

WP

The Complete Cost-Benefit Analysis Of QE2, And How To Best Hedge For Federal Reserve "Fat Tail" Risks

At least Bank of America is honest as to why it continues to recommend investors pursue risk assets: "Liquidity-friendly global central bank policies remain the lynchpin of our constructive view on risk assets...Our economics team believes that QE2 will come in the form of purchases of Treasury securities of $500bn - $750bn every six months until the economy reaccelerates."

As Hansel properly asked:

on Sun, 10/03/2010 - 16:54
#622777
Exactly. How would this plan be any different from what Reichsbank did?

The three B's (Bullets, Beans and Bacon) folks, first and foremost- then silver & gold  and in the exact order presented.

WP

FUCK YOU CHARLIE MUNGER!

Munger, your gurgles cannot come soon enough.

And while I am at it, you FUCK YOU TOO Paul Krugman- you delusional RAT-FACED ass!

September 25, 2010, 8:38 am
Default Is In Our Stars

Not in ourselves.

I think it's fair to say that a majority of economists believe that excessive private debt played a key role in getting us into this economic mess, and is playing a key role in preventing us from getting out. So, how does it end?

A naive view says that what we need is a return to virtue: everyone needs to save more, pay down debt, and restore healthy balance sheets.

The problem with this view is the fallacy of composition: when everyone tries to pay down debt at the same time, the result is a depressed economy and falling inflation, which cause the ratio of debt to income to rise if anything. That is, we're living in a world in which the twin paradoxes of thrift and deleveraging hold, and hence in which individual virtue ends up being collective vice.

You cheered this crap along- feeling your way and then blame the folks you helped rape!?! At least Ambrose Evans-Pritchard has the balls to admit when he is wrong.

Time to shut down the US Federal Reserve?
June 29th, 2010

Like a mad aunt, the Fed is slowly losing its marbles.

Kartik Athreya, senior economist for the Richmond Fed, has written a paper condemning economic bloggers as chronically stupid and a threat to public order.

Matters of economic policy should be reserved to a priesthood with the correct post-doctoral credentials, which would of course have excluded David Hume, Adam Smith, and arguably John Maynard Keynes (a mathematics graduate, with a tripos foray in moral sciences).

"Writers who have not taken a year of PhD coursework in a decent economics department (and passed their PhD qualifying exams), cannot meaningfully advance the discussion on economic policy."

Don't you just love that throw-away line "decent"? Dr Athreya hails from the University of Iowa.

"The response of the untrained to the crisis has been startling. The real issue is that there is an extremely low likelihood that the speculations of the untrained, on a topic almost pathologically riddled by dynamic considerations and feedback effects, will offer anything new. Moreover, there is a substantial likelihood that it will instead offer something incoherent or misleading."

And now states:

Shut Down the Fed (Part II)
Ambrose Evans-Pritchard
September 27th, 2010

I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not succumb to drug addiction, political abuse, and mad intoxicated debauchery, once it began taking its first shots of quantitative easing.

Ben Bernanke has not only refused to abandon his idee fixe of an "inflation target", a key cause of the global central banking catastrophe of the last twenty years (because it can and did allow asset booms to run amok, and let credit levels reach dangerous extremes).

Worse still, he seems determined to print trillions of emergency stimulus without commensurate emergency justification to test his Princeton theories, which by the way are as old as the hills. Keynes ridiculed the "tyranny of the general price level" in the early 1930s, and quite rightly so. Bernanke is reviving a doctrine that was already shown to be bunk eighty years ago.

So all those hillsmen in Idaho, with their Colt 45s and boxes of Krugerrands, who sent furious emails to the Telegraph accusing me of defending a hyperinflating establishment cabal, were right all along. The Fed is indeed out of control.

Hey Anthony "Bug-Face" Wiener & Henry "PIG-FACE BASTARD" Waxman, THE SAME GOES FOR YOU TOO!

WP

Whistle Blower Comes Forward With Solid Proof The Price Of Gold And Silver Is Being Manipulated By Major Financial Institutions

Whistle Blower Comes Forward With Solid Proof The Price Of Gold And Silver Is Being Manipulated By Major Financial Institutions

April 12, 2010
By Michael T Snyder

(The Intelligence Daily) — For a long time many of us have had very serious suspicions that the prices of gold and silver were being highly manipulated. But now, thanks to the mind blowing testimony of one very brave whistle blower, the blatant manipulation of the world gold and silver markets is being blown wide open. What you are about to read below is absolutely staggering. Once the American people learn how incredibly corrupt the world financial system is, it is going to change everything. The government that we are all trusting to guard the integrity of the financial system is failing to do that job. It turns out that the Commodities Futures Trading Commission has been sitting on solid evidence that the elite banking powers have been openly and blatantly manipulating the price of gold and silver. Even though they were basically handed a “smoking gun”, they have done absolutely nothing with it. But now the information has gone public and the CFTC is red-faced.

First video embedded in article that will not display.



Second video embedded in article that will not display.


http://www.youtube.com/v/jok3XLBz_SI

Reading the linked articles from the comments, I found the follwoing video from Germany, under under Joe Fitzroy's comment dated April 13, 2010 @ 11:50PM, which shows the tungsten based "gold bars".



It is coming.



Base Staccato you Sons of Bitches! Base Staccato!

WP

Barclays' View On The GMAC Scandal Underscores The Perceived Fall-Out Severity In Judicial States

Barclays' View On The GMAC Scandal Underscores The Perceived Fall-Out Severity In Judicial States

Submitted by Tyler Durden on 09/20/2010 23:41 -0500

From Barclays' Jasraj Vaidya, who states: "At this stage, we are unable to ascertain what that exact issue might be. What is certain is that foreclosure timelines in those states for GMAC loans will be extend further, potentially adversely affecting their eventual severity" which echoes verbatim what Zero Hedge suggested a week ago on the Florida Judge news: "The implications for the REO and foreclosures track for banks could be dire as a result of this ruling, as this could severely impact the ongoing attempt by banks to hide as much excess inventory in their books in the quietest way possible." Jasraj also notes: "Using publicly available data from HUD and RealtyTrac, we have created a list of judicial foreclosure states. These are states where judicial foreclosures are most common and in which the lender has to appear before a judge and obtain a court order before initiating foreclosure proceedings against the delinquent borrower. Such states tend to have much longer foreclosure timelines than non-judicial states. What is striking about the list of states in the GMAC announcement is that all but one (North Carolina) are judicial states. Also, all judicial states in the country but one (Delaware) are in the GMAC list. This would hint at some potential issues with judicial states that is driving the GMAC directive." In the meantime, class actions lawyers across the country will not be sleeping for days.

Full Barclays report:

It was reported on Bloomberg today that GMAC has sent a memo to all brokers suspending all foreclosure activity against delinquent borrowers in 23 states. Further action has also been frozen on all properties for which foreclosure has already been implemented. Any buyers of those properties face an extension of the closing date by 30 days and have the option to cancel the agreement to purchase.

Read that again.

Full Barclays report:

It was reported on Bloomberg today that GMAC has sent a memo to all brokers suspending all foreclosure activity against delinquent borrowers in 23 states. Further action has also been frozen on all properties for which foreclosure has already been implemented. Any buyers of those properties face an extension of the closing date by 30 days and have the option to cancel the agreement to purchase.

Now, read the earlier post on GMAC:

GMAC's Full Letter To Agents... Something Does Not Add Up

Zero Hedge has obtained the GMAC Letter referred to earlier by Bloomberg, and contrary to subsequent reports by the bailed out lender that this is merely a procedural adjustment, something does not add up. To wit, note statements such as:

Do not proceed with evictions, cash for keys transactions, or lockouts. All files should be placed on hold, regardless of occupant type.

Do not proceed with REO sale closings. GMAC Mortgage will communicate instructions to the assigned agent regarding the management of the properties in Pending status. If the contract has already been executed by both parties, the Asset Manager will request an amendment to extend the closing date by 30 days or as otherwise designated by the Asset Manager. Please provide appropriate notice to the REO purchaser that, pursuant to Section 1 of the GMAC Mortgage Addendum to Standard Purchase Contract, GMAC Mortgage is exercising its sole discretion to extend the Expiration Date of the Agreement by 30 days at this time. If the REO purchaser wishes to cancel the contract, GMAC Mortgage will terminate the Agreement and return the earnest money deposit.

The Banksters are quite scared and for those facing possible foreclosure, read carefully and do your own research- hard research.

No, I am not encouraging anyone to be a deadbeat, I am pointing out that you may have been screwed- again.

WP

Trichet's "Quantum Leap" About To Create Tremors In Europe

More fireworks out of Europe, following in the footsteps of the disclosure about Deutsche Bank's dramatic underfunding and need to raise capital, is JC Trichet's stunning announcement that Eurozone members that break the region's rules on public finances should be excluded temporarily from Europe’s political decision-making, according to the FT.

And two from the comments:
1.

by Fred Hayek
on Thu, 09/09/2010 - 12:50
#572220

No political input if you don't meet the economic rules?

Why not just call it "Germany"? Somewhere in hell the nazis are kicking themselves. That's all we had to do?!?!

2.

by Caviar Emptor
on Thu, 09/09/2010 - 13:29
#572323

All too eerily reminiscent of pre-War diplomacy in the 1930s where small countries get all too easily fed to the sharks to allow the bigger countries to party on. Imagine the consequences of a "quasi-expulsion": doing business in such a place becomes a nightmare as a fog of uncertainty descends. Big political risks too.

Bottom line: any threat to globalism, any sign of strain on the frozen smile of governments threatens all other economies, particularly those that are in debt up to their eyeballs. If anybody in the green wall of silence starts to get grouchy, then there's a chance that all bets are off and the hourly recycling of the mountains of debt stops. And that, folks, is the 21st Century equivalent of The Bomb Paranoia of the late 20th Century.

When there's even the slightest hint of a soupcon of a chance that the global system could unravel, that triggers huge anxiety because all the big banks are broke, all the governments are in huge debt and all citizens are feeding on the teat of money printing to support the debt.

There's just not a lot of wiggle room left. Gold is clearly the favored safe haven because there's no telling which currency could blow up. Even those of creditor nations like Japan and Switzerland could get hurt if their trading partners and political cronies are in the soup. They'd have to face a brave new world alone.

And a weak 30 Yr Bond auction today isn't helping boost confidence in the debt system. Were are the troops when you need 'em?

Chuckling, just chuckling...

WP

End the FED and erase this filthy day in United States History

The Sixteenth Amendment.

Die you Thieving Bastards! DIE!

WP

It is now thirty-four years

Nixon ended the Gold Standard.

Rot in hell you thief!

--WP

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