The Federal Reserve, the central bank for the United States, was signed into law by President Woodrow Wilson on December 23, 1913. And consumer purchasing power has dropped ever since to an all-time low.
Rent CPI is declining rapidly.
While auto and truck CPI have been fairly level since 1995.
But as Wolfstreet noted, the CPI for new vehicles didn’t capture the rising price of America’s most popular pickup truck, the Ford F-150 which has risen dramatically since 2009.
M2 Money velocity (GDP/M2) is now near an all-time low along with consumer purchasing power.
Bitcoin is rising … again.