posted on Dec, 31 2013 @ 05:51 AM
the currency has lost 97% of its value
Let me invert this number. This is the same thing as saying each dollar we have should be equal to 33.33 dollars of buying power, if there had been
no inflation. [100 -97 = 03%] So where did the other 32.33 dollar go.
Well there are three times as many people in the USA as there were in 1913.
so lets adjust for the 3x population... I mean we don't want 2/3rds of the population walking around with access to zero dollars. How would they
33.33 dollars divided by 3 = 11.11 dollars
So where did the other 10.11 dollars go.
Well here is a comparison of the GDPs from 1913 and 2009
divided by the 3x population
364.12 / 3 = 121.37
In English that means our domestic product is 121 times more, per person, than it was in 1913. This means that we produce one hundred times as much,
but our dollar has only had to be diluted by one tenth to cover all those purchases. Technically, and as allude too if not for oil, our dollar should
be worth about ten cents this day. Has the quality of our product also gotten 10x better in value? Then a dollar should only be worth 1 cent.
The Federal Reserve has done better than any group in the HISTORY OF THE GODDAMN WORLD at keeping our currency valuable, while remaining liquid and
People say that we are nearing the point where more than 50% of the population is riding in the cart, and not pulling the cart. In 1913
that would have been a problem. In the age of the AUTO-mobile, everyone can ride in the car. Get over it.
edit on 31-12-2013 by mikegrouchy
because: (no reason given)
edit on 31-12-2013 by mikegrouchy because: (no reason given)