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"When the President signs this act [Federal Reserve Act of 1913], the invisible government by the money power -- proven to exist by the Monetary Trust Investigation -- will be legalized. The new law will create inflation whenever the trusts want inflation. From now on, depressions will be scientifically created."
4 years ago, gold was around $600 per oz. Now it's over twice that. That means that the dollar is worth less than half of what it was worth 4 years ago. That means I'm earning less than half of what I made 4 years ago.