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To: CharlesWayneCT

You bank account most definitely does not have the same “value” it did last week.

It may have the same amount but the value has gone down.


63 posted on 03/01/2014 6:55:23 PM PST by mad_as_he$$
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To: mad_as_he$$

Why do you say that? In what way has the value gone down?

None of the groceries I bought this week were priced any higher than they were last week, that i noticed.

Gas prices have dropped a penny around here.

My electric and natural gas and water all costs the same, my cable and phone are the same price, my mortgage isn’t changed, and my health insurance is the same price it has been since January 1st.

Yes, inflation would slowly change the value of my bank account, especially in this environment where my checking account earns virtually no interest (I do have savings earning 2%, nominally at “inflation”).

Meanwhile, bitcoin dropped below 568 a while ago, but then went back up to 568.02. Which I guess makes this a good day for BC, since it didn’t move 10% or more.


65 posted on 03/01/2014 7:39:31 PM PST by CharlesWayneCT
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