Interesting question. Hope we've got some economics pedes here who can weigh in on this. Did a quick Duck search and found a few things, but nothing that's responsive to your exact question.
someone online said to me "a dollar in 1920 is the same as a dollar today"
im like yea dude... a dollar printed in 1920 still works the same as a freshly printed one.... but the amount of shit you can get for that dollar has dramatically decreased..
Couldnt understand what I was trying to say to him. Crazy these muppet babies have been here this whole time, living amongst us
Same here. Impossible to discuss issues with them intelligently because they don't know how anything works, don't know basic definitions or concepts, and can't think for themselves. Look at their stupidity with covid, the mask b.s., vaxxes.
NPCs are all around us. I no longer waste my breath on them.
Inflation is when the buying power of the dollar decreases. A lot of people attach the definition of inflation to corporations raising their prices. As the buying power decreases more and more, other countries will start moving away for the US dollar, driving the power down even further. Its coming, the welfare state is bankrupt already. Better put your money into silver while JP Morgan suppression gives you a great discount.
Ive been buying as much silver as I can get my hands on for a while now. Im not the smartest dude but I figure even if Im wrong about all this, its not going to go much lower than it already is. Its like 1/100th the price of other PMs. Plus, having a big stack of shiny metal feels pretty cool 😋
Interesting question. Hope we've got some economics pedes here who can weigh in on this. Did a quick Duck search and found a few things, but nothing that's responsive to your exact question.
1995 Article
https://fee.org/articles/how-to-return-to-the-gold-standard/
https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/
http://goldchartsrus.com/chartstemp/AUPPBasket.php
someone online said to me "a dollar in 1920 is the same as a dollar today"
im like yea dude... a dollar printed in 1920 still works the same as a freshly printed one.... but the amount of shit you can get for that dollar has dramatically decreased..
Couldnt understand what I was trying to say to him. Crazy these muppet babies have been here this whole time, living amongst us
Same here. Impossible to discuss issues with them intelligently because they don't know how anything works, don't know basic definitions or concepts, and can't think for themselves. Look at their stupidity with covid, the mask b.s., vaxxes.
NPCs are all around us. I no longer waste my breath on them.
Inflation is when the buying power of the dollar decreases. A lot of people attach the definition of inflation to corporations raising their prices. As the buying power decreases more and more, other countries will start moving away for the US dollar, driving the power down even further. Its coming, the welfare state is bankrupt already. Better put your money into silver while JP Morgan suppression gives you a great discount.
Ive been buying as much silver as I can get my hands on for a while now. Im not the smartest dude but I figure even if Im wrong about all this, its not going to go much lower than it already is. Its like 1/100th the price of other PMs. Plus, having a big stack of shiny metal feels pretty cool 😋