The 2014 Fraud

I'm reading this article that claims we had our incomes rise in 2014. I'm not gonna waste time on the detailed claims, but I do want to explain the fraud.

They claim, let's say for the sake of simple math, that incomes rose 5% in 2014. Now, usinflationcalculator.com indicates that price inflation has averaged 22.6669% for 103 years, since the passage of the Federal Reserve Act. That is a grand total of 2334.7% price inflation, more or less.

We know from the Austrian School of Economics that there is a dollar-for-dollar correlation between price inflation and monetary expansion.

The claim in the news story is basically this: You have a rowing team at Baylor University, where I did some of my education in the 1990's. That rowing team practices on Lake Brazos. Lake Brazos is the Brazos River dammed off to make the river into a very slow moving lake the size of the river right along the Baylor campus. It comes out of Lake Waco, a very large lake on the west side of town.

Let's say the rowing team did 5% faster rowing against the current today than it did yesterday. But the current is flowing 22.6669% faster than yesterday out of Lake Waco. Your scull (row boat) is not going up stream is it?

So they tells us we are making more federal reserve notes in 2014 than in the past. But the Fed is stealing money at 22.6669%. You are losing ground at 17.6669% instead of 22.6669%. And they want you to believe you are winning.