History of US Price Levels and the Fed
That's a graph of US Price Levels from the year 1665 to 2005.
From an interesting read on the history of inflation of the Dollar and what the Fed hath wrought since it's founding:
Charles Lindbergh, Sr., father of the famous aviator, was a distinguished member of the U.S. House of Representatives. Congressman Lindbergh helped lead the fight against the Federal Reserve Act. In December 1913, he declared on the floor of the House:Think the Federal Reserve was NOT a Conspiratorial creation? Check out National City Bank President, Frank Vanderlip's description of the original meetings:
This act establishes the most gigantic trust on Earth. When the President signs this act the invisible government by the money power [Lindbergh here refers to the Rothschild-Rockefeller-Morgan alliance], proven to exist by the money trust investigation, will be legalized. The money power overawes the legislative and executive forces of the nation. I have seen these forces exerted during the different stages of this bill. From now on depressions will be scientifically created. The new law will create inflation whenever the trust wants inflation. If the trust can get a period of inflation, they figure they can unload stocks on the people at high prices during the excitement and then bring on a panic and buy them back at low prices. The people may not know it immediately, but the day of reckoning is only a few years removed.Lindbergh's words were prophetic. Did inflation follow the Fed's establishment? Yes; Figure 1 graphically proves the impact on price levels. Were stocks unloaded on the people at high prices, then bought back at low prices after a panic? Yes. The "day of reckoning" Lindbergh predicted came with "Black Thursday" and the Great Crash of 1929.
The October 1929 stock market collapse wiped out millions of small investors, but not the Money Trust's insiders, who had already exited the market.
[Referring to Senator Aldrich, who was Nelson Rockefeller's Grandfather]The article also details which Senators the biggest banks owned, and therefore who pushed the bill establishing the Fed Reserve, a bill that the BANKS THEMSELVES wrote, through Congress in 1913.
The legislation he introduced in the Senate, which became the basis of the Federal Reserve System, was not written by him. It was crafted by several of the world's richest bankers, at a secret nine-day meeting in 1910, at a private club on Jekyll Island off the Georgia coast. This is well documented. The first reporter to break the Jekyll Island story was B.C. Forbes, founder of Forbes magazine.
Many years ago, Citibank was called National City Bank, and was largely controlled by the Rockefellers. Its president, Frank Vanderlip, attended the Jekyll Island meeting and discussed it in The Saturday Evening Post 25 years later:
There was an occasion near the close of 1910 when I was as secretive, indeed as furtive, as any conspirator.... I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of the Federal Reserve System.... We were told to leave our last names behind us. We were told further that we should avoid dining together on the night of our departure. We were instructed to come one at a time and as unobtrusively as possible to the terminal of the New Jersey littoral of the Hudson, where Senator Aldrich's private car would be in readiness, attached to the rear end of the train for the South. Once aboard the private car, we began to observe the taboo that had been fixed on last names.... Discovery, we knew, simply must not happen. If it were to be discovered that our particular group had got together and written a banking bill, that bill would have no chance whatever of passage by Congress.Attending this meeting were agents from the world's three greatest banking houses: those of John D. Rockefeller, J.P. Morgan, and the Rothschilds. Together they represented an estimated 25 percent of the world's wealth.