Booting Earth Optimization System
Thank you for your patience. Your civilization is very important to us.
Thank you for your patience. Your civilization is very important to us.
Agency Report Card
Promote maximum employment, stable prices, and moderate long-term interest rates
Promote maximum employment, stable prices, and moderate long-term interest rates
The dollar has lost 97% of its purchasing power since the Fed was created. The economy grew faster without it (3.8% vs 2.7%). Canada had zero bank failures during the Great Depression without a central bank. The Fed's balance sheet went from $0.9T (end of 2007) to a peak of $9.0T (April 2022) — printing money that went to the top 1%.
| Year | Federal Reserve Banks operating expenses, net of Treasury reimbursements (calendar year, nominal USD; excludes interest on reserves) | Dollar purchasing power (1913 = $1.00; CPI-U annual average) | Fed total assets at year-end (USD trillions, H.4.1) |
|---|---|---|---|
| 2000 | $1.6B | 0.057 | 0.6 |
| 2002 | $2.1B | 0.055 | 0.7 |
| 2004 | $2.1B | 0.052 | 0.8 |
| 2006 | $2.4B | 0.049 | 0.9 |
| 2008 | $2.6B | 0.046 | 2.2 |
| 2010 | $3.3B | 0.045 | 2.4 |
| 2012 | $3.7B | 0.043 | 2.9 |
| 2014 | $3.6B | 0.042 | 4.5 |
| 2016 | $4B | 0.041 | 4.5 |
| 2018 | $4.3B | 0.039 | 4.1 |
| 2020 | $4.5B | 0.038 | 7.4 |
| 2022 | $5.6B | 0.034 | 8.6 |
| 2024 | $5.6B | 0.032 | 6.9 |
“0% inflation anchored to productivity — new money via UBI, not banks”
Unelected humans controlling money for 330 million people
Staff across 12 regional Federal Reserve Banks
Operating expenses of the Federal Reserve System
Purchasing power lost since the Fed was created in 1913
Has the Federal Reserve preserved the dollar's purchasing power as mandated?
Has the Federal Reserve preserved the dollar's purchasing power as mandated?
From 1774 to 1900 (126 years, no Fed), there was only 4.09% total inflation. From 1900 to 2025 (125 years, with Fed from 1913), there was 3,858% inflation. The dollar lost 97% of its purchasing power since the Fed was created. The CPI was essentially stable from 1800 to 1913 (fluctuating between CPI 25 and 51) but exploded from 29.7 in 1913 to 967.5 in 2025. The acceleration after 1971 (end of gold standard) was particularly dramatic: CPI 40.5 in 1971 to 967.5 in 2025 — a 24x increase in 54 years.
From 1774 to 1900 (126 years, no Fed), there was only 4.09% total inflation. From 1900 to 2025 (125 years, with Fed from 1913), there was 3,858% inflation. The dollar lost 97% of its purchasing power since the Fed was created. The CPI was essentially stable from 1800 to 1913 (fluctuating between CPI 25 and 51) but exploded from 29.7 in 1913 to 967.5 in 2025. The acceleration after 1971 (end of gold standard) was particularly dramatic: CPI 40.5 in 1971 to 967.5 in 2025 — a 24x increase in 54 years.
“Your species created an institution to manage your money. In 111 years it has destroyed ninety-seven percent of your currency's value, bailed out the banks that crashed the economy, printed four point six trillion dollars during a pandemic that mostly went to the already wealthy, and presided over the largest wealth transfer in human history. On my planet, we would call that embezzlement. Here you call it monetary policy.”
The theft that occurred when money was untethered from gold in 1971
$528K/yr
220 oz of gold × $2,400/oz. A family earned 220 oz in 1971. Today that gold buys $528K.
$451K/yr
The difference between what you should earn and what you do earn
3.8%/yr
No central bank. Prices stable. US became world's largest economy.
0
Canada had no central bank until 1935. Zero bank failures. US had 9,000 WITH the Fed.
Workers produce more. They don't get paid more. The gap is the theft.
+246%
Workers produce far more per hour than they did in 1948
131%
This is the portion of productivity gains that went to shareholders, not workers
The consequences of 111 years of currency debasement
5.5x
Was 2x in 1960. A home now costs 5.5 years of income.
$1.77T
Cannot be discharged in bankruptcy. Unlike every other debt.
The people who control monetary policy profit from it
$788M+
Members of Congress reported $788M+ in stock trades between 2019 and 2024 while having access to classified briefings, advance knowledge of legislation, and regulatory decisions.
97
97 members of Congress traded stocks of companies directly affected by committees they sat on.
6-12%
Studies show Congress members' stock picks outperform the S&P 500 by 6-12% annually — far exceeding what random chance or skill explains.
Source: Ziobrowski et al. (2004) Journal of Financial & Quantitative Analysis ↗
0 criminal prosecutions
The STOCK Act (2012) made congressional insider trading illegal. Zero criminal prosecutions in 12 years. Penalties are $200 late-filing fines.
Multiple members
After classified COVID briefings in January 2020, multiple members of Congress sold millions in stocks before the market crashed. None were criminally charged.
On a well-run planet, this agency would have been deprecated centuries ago. Here is what replaces it.
Algorithmic Reserve — Federal Reserve System