The Federal Reserve is Stealing off the Back of Your Truck
Last year, I had a load of frozen chicken to deliver in Dallas. I looked into the back of the truck at the load of chicken and saw a flawless line of boxes before I backed into the dock the last 5 feet.
In the 30 seconds it took me to back the last 5 feet and get back out to walk into the dock, one box disappeared in that perfect line of boxes, and my load was dinged for being 1 box of frozen chicken short.
In September, 2016, I wrote the section in my book (themanwhobrokethesilence.blogspot.com) about the Consumer Price Index Calculator (usinflationcalculator.com). I recorded for my book a total price inflation of 2334.7% since 1913, the year of the signing of the Federal Reserve Act. Today, that calculator reads 2372.1%, 10.5 months later.
We just got robbed of 37.4% of the value of the cash in our pocket in 10.5 months, assuming there is a dollar-for-dollar correlation between monetary expansion beyond output and price inflation, as the research indicates.
That is what I want to stop. I want to stop that number from rising without me getting my box of chicken off the back of my own truck.
I think everyone seeking their own box of chicken off the back of the truck will disincentivize the other thefts.
