Nearly 100 years since the FED act, during which time the purchasing power of a U.S. dollar declined from $1.00 in 1913 to 4.6 cents in 2009. Sadly, the Federal Reserve is working very hard to get rid of the little bit of purchasing power that the U.S. dollar has left. ![[Linked Image]](http://www.aier.org/images/stories/charts_large/ppd_lg.png) http://www.aier.org/research/briefs...declining-purchasing-power-of-the-dollar
"House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals." – Ben Bernanke – 2005
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