Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Responsibility2nd

$100 now is like $10.76 in 1967.

Bring back the $500 and $1,000 notes!

Better yet, bring back the gold standard.


103 posted on 04/04/2024 5:18:44 PM PDT by Ancesthntr (“The right to buy weapons is the right to be free.” ― A.E. Van Vogt, The Weapons Shops of Isher)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Ancesthntr
A house I bought in 1980 for $86,500 is on Zillow today for 10 times that, $865,000. "Inflation". Dilution of the dollar's value, more accurately. For that price increase, annual "inflation" (dilution) is over 5% per year.

That's an intentional hidden "tax" on everyone, assessed when the Fed creates money. Each year, the Fed taps everyone's bowl of liquid cash: 3, 4, 5%, or more, is siphoned away to pay for all the extra things on Congress' wish list. What remains in the bowls appears the same as before, but it has been diluted, watered down. It's not the sweet punch it once was; it doesn't buy what it used to.

The beneficiaries of that siphoned away money are anyone who spends the money that Congress approved beyond what was collected in taxes. With criminals now in charge of the US government, 3, 4, or 5% just doesn't cut it anymore - they need to siphon off 10% or more to keep all their fellow travelers happy. They need more and more and more to fund their wars, keep all their imported voters happy, and also to collect graft from foreign aid to support the lifestyle they're accustomed to ("10% for the big guy!").

/rant

112 posted on 04/04/2024 6:41:18 PM PDT by Tellurian (Any cleverness from a democrat is quickly invested in deception)
[ Post Reply | Private Reply | To 103 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson