Media Oblivious to Real Story of Found Cash

To give you an idea how much the Federal Reserve and Congress have inflated our currency through poor financial policy, let’s take a look at the latest sweeps hype parroting the AP: 

a contractor who found $182,000 in Depression-era currency hidden in bathroom walls

SOURCE: Money Found House’s Walls No Treasure

Sounds like a lot of money – and the people who found it have been fighting in court while the homeowner lost or squandered a large portion of the money on a lavish vacation.

Nothing to sneeze at, but what would that money buy today versus in 1920 – adjusted for inflation?

According to one inflation calculator:

What cost $182,000 in 1920 would cost $1,869,024.30 in 2007.

SOURCE: http://www.westegg.com/inflation/

So today, the full amount found would buy a house like this in the Cleveland area with 3 bedrooms and 1.5 baths.  A little over the median home value for Ohio.

But without the Government and Federal Reserve abusing us with the hidden tax of inflation, the same money would buy this house with 6 bedrooms and 7.5 bathrooms.

Also, if you were to buy exactly the same products in 2007 and 1920,
they would cost you $182,000 and $15,733.03 respectively.

SOURCE: http://www.westegg.com/inflation/

It’s of critical importance that the new administration must reign in inflation to protect us from this hidden tax – but so far I haven’t seen any evidence that anyone has any intentions of shoring up the $53 trillion in un-funded liabilities of the US government.

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