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The Shape of Things to Come: 1969 vs 2019, US Dollar value.
Posted on 8/17/19 at 1:49 pm
Posted on 8/17/19 at 1:49 pm
In 1969 you could purchase with $100 what you today need $700 to purchase.
What do you suppose the value of the US dollar will be 50 years from now, once we monetize our debt severely?
What do you suppose the value of the US dollar will be 50 years from now, once we monetize our debt severely?
13
Posted on 8/17/19 at 1:50 pm to Champagne
Thought we only had 12 years, err 18 months left due to "climate change"?
Posted on 8/17/19 at 1:59 pm to Crimson Wraith
Now compare salaries.
Posted on 8/17/19 at 2:07 pm to NashvilleTider
quote:
Now compare salaries.
Back in the late 60s when my dad worked for bell and hughs as an engeneer (doing cool shite like being on the team that rewrote NASA safety rules after the capsule fire) his overtime rate was $2.50 per hour.
Posted on 8/17/19 at 2:12 pm to Champagne
My Mom grew up in Cahaba Heights in Vestavia Hills near Birmingham in the 50s to early 70s. It was a nice, middle class suburb. Her dad was a technician at a tv station, and her mom didn't work. Both parents would need professional 6 figure jobs to have that kind of life and neighborhood today
This post was edited on 8/17/19 at 2:13 pm
Posted on 8/17/19 at 2:16 pm to NashvilleTider
quote:
Now compare salaries.
We know that salaries have increased.
Posted on 8/17/19 at 2:18 pm to Champagne
quote:Hard to say. Given current inflation, it looks like $100 be worth about $250 then.
What do you suppose the value of the US dollar will be 50 years from now, once we monetize our debt severely?
Posted on 8/17/19 at 2:21 pm to NashvilleTider
quote:
Now compare salaries.
While true, this is the greatest economic fallacy hoisted upon the unwitting public.
The point is that inflation is the invisible hand of taxation stealing your savings without notice! The first dollar I made has only 15c of purchasing power today. So if I put a buck under my bed I’d have a nickel and dime today. But if I put the same dollar in gold under my bed it would be worth $10 today!
If I go for security and deposit it in the bank, the taxable interest rates will not keep up with inflation.
In order to actually save the purchasing power of the dollar your salary provides, you must expose it to risk and taxes. Now the richer individual can better afford costly but skilled economic advice, but the middle and poor classes get F’ed!
Inflation equals taxation on savings! No loopholes or strong boxes can protect you.
Enjoy buying 10c in your retirement for every dollar of today’s salary.
Posted on 8/17/19 at 2:26 pm to Champagne
As Yogi Berra once said, "The future ain't what it used to be."
Posted on 8/17/19 at 2:33 pm to NC_Tigah
quote:
$250
Posted on 8/17/19 at 2:35 pm to LSURussian
It's only lost half it's value since the mid-80's so much of that value loss must have happened between 1969 and 1985.
We had hyper inflation in the early 80's.
We had hyper inflation in the early 80's.
Posted on 8/17/19 at 2:40 pm to Champagne
quote:
In 1969 you could purchase with $100 what you today need $700 to purchase.
Which items are those?
Posted on 8/17/19 at 2:45 pm to Champagne
Nixon took dollar off gold standard starting this roller coaster economy
Posted on 8/17/19 at 2:52 pm to Little Trump
quote:
Nixon took dollar off gold standard starting this roller coaster economy
It was a fait accompli before that. Our national debt was more than the value of our gold reserves.
Posted on 8/17/19 at 3:05 pm to Meauxjeaux
quote:
Meauxjeaux
quote:I presume you understand the relevance.
Given current inflation . . .
Run the numbers at 1%-2% inflation.
Do I think inflation at <2% will persist. No. But that is where we are currently.
Going back 20 years as opposed to 50, $100 in 1999 = $154 now.
Posted on 8/17/19 at 3:21 pm to genro
quote:
My Mom grew up in Cahaba Heights in Vestavia Hills near Birmingham in the 50s to early 70s. I
No sir. You're mom grew up in New Merkle, a coal mining community.
Posted on 8/17/19 at 3:27 pm to rooster108bm
I don't get it. My Mom left Birmingham as it went to shite. I didn't grow up there
Posted on 8/17/19 at 3:31 pm to Dale51
quote:
Which items are those?
LSU football season tickets.
Posted on 8/17/19 at 3:31 pm to Gaspergou202
quote:
The point is that inflation is the invisible hand of taxation stealing your savings without notice! The first dollar I made has only 15c of purchasing power today. So if I put a buck under my bed I’d have a nickel and dime today. But if I put the same dollar in gold under my bed it would be worth $10 today!
Now do if you had put that dollar in the stock market
Posted on 8/17/19 at 3:32 pm to genro
Cahaba heights was originally a coal camp named New Merkel. It was a fairly rough place and someone came up with the idea to change the name to Cahaba Heights. If your mom is still around ask her if she knows where New Merkel is.
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