A Visual History: How Much $1 Used To Get You (And How Much It Gets You Now)

Ever since the creation of the Federal Reserve in 1913 Americans have seen the value of their currency dwindle.

We know the dollar has lost some 97% of its value since the Fed took over. But it’s hard to actually grasp this destruction of value without some examples.

The infographic below, originally posted at The Burning Platform, is self explanatory. We are being robbed bit by bit, on a daily basis, and there is no end in sight.

How Much One Dollar Gets You

(Read the rest of the story here…)

1 thought on “A Visual History: How Much $1 Used To Get You (And How Much It Gets You Now)”

  1. This article only tells half the story. What were people earning in the way of wages when these things cost this much?
    In 1969 I was making about $180 a week. By 1980 it was up to $600 a week. But in 1969 I bought a brand new car for $2,800. By 1980 it was up to 8,000 for a brand new car.
    We got 6-12% raises under contract back then as inflation went crazy. By 1990 there were no more contracts and few raises. By 2006, we were getting a standard raise of about 2.5% if we were especially good at what we did.
    From 1980 to 1990 Reagan virtually killed the Unions. That is why we are in the jam we are in right now. Clinton sold us down the river with trade agreements, even though he was supposed to be a Democrat, and supposedly represented the labor movement and the Republicans supposedly represented big business.
    Neither party represents working people today. Instead they have ganged up on what is left of the middle class and we are in the worst depression since the early 30s.
    The problem with one side getting things all their own way is it ends up kicking them in the a**. Because if there are no decent wages then there is no income tax funds to support the government.
    The parasites at the top certainly don’t pay them.
    If you want to lay blame lay it on the National Labor Relations Boards. When Republicans were in charge they laced the board with Pro-business, anti-labor people and scuttled 40 years of progress in labor relations.
    That is why so many middle aged people find themselves out in the cold without a job right now.
    You have to enforce laws for them to do any good. And senior discrimination laws are not enforced.
    So companies make people re-apply for their jobs in middle age. Kick them out and not look back.
    What this country needs is representation for the working class of this country. Until that happens, we will continue in the worst depression in history.

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