Posted on 07/30/2025 7:15:23 AM PDT by delta7
https://www.coinflation.com/
Here’s the illustration:
Place a silver dollar next to a $1 silver certificate on one side.
Then place a silver dollar (.7734 oz silver) next to 30 $1 FRNs in a stack on the other side.
Each $1 FRN is worth three cents in 1964 money. Simple, elegant.
I have a better example:
A $20 gold coin used to be tradable back and forth with a paper $20 bill.
Today, the $20 gold coin is worth $3,300.00.
Where did your other $3,280 go?
Inflation.
The government stole it by printing money.
Government issues currency. Government causes inflation by creating new dollars and putting them into circulation.
Inflation is all advantage to government, and all disaster to workers and retirees. Inflation turns the value of savings to essentially zero.
Any educated man knows that.
In the time of the Baby Boomers, a guy with a HS diploma could get a good job, buy a house, raise a family of multiple children, and save for a nice retirement. All on one income.
Society decided to change the rules. The money got devalued, manufacturing got off-shored, regulations screwed up real estate (and everything else) and women were told that they had to be just like men and sacrifice everything for a job.
Now we have people with two incomes who can barely make ends meet and have decided that they cannot afford children, and will never buy a house. The American Dream isn’t there for them anymore.
Typical Baby Boomer advice to young people: “Stop buying coffee at Starbucks. If you do that, you can have the American Dream back.”
In 1965 for $100 you could buy 1 oz. of gold and 50 ozs. of silver. What would that cost today?
Kleptocracy.
In 1965 for $100 you could buy 1 oz. of gold and 50 ozs. of silver. What would that cost today?
————
Today, it takes 5,167 US paper dollars…..talk about currency debasement!
“Today, it takes 5,167 US paper dollars…..talk about currency debasement!”
In 2014 you predicted gold would hit $5,000 in 2015.
We are only half way there in today’s dollars.
“”””In the time of the Baby Boomers, a guy with a HS diploma could get a good job, buy a house, raise a family of multiple children, and save for a nice retirement. All on one income.””””
The JFK immigration changes passed in 1965 killed that America, a never ending flow of millions and millions, and millions, and millions, of low bidders for jobs killed the wages and the newcomers drove the Americans out of the workplace with hostility and cold shoulders and language barriers, and employers and homeowners who preferred the more controllable peasant peoples from the 3rd world and Mexico.
By the way, that wasn’t the time of the boomers.
I was referring to the childhoods of people born 1946 to 1964. They grew up in a world where Dad supported his family on his one income. Dad wasn’t a Baby Boomer, but the kids were. Now those kids are about age 70 or so and some of them think the world is the same as it always was. It isn’t. It’s been fundamentally transformed and some folks don’t see it.
I misunderstood you, I thought you were talking about the boomer adulthood.
I lived on minimum wage for about a year in 1974. It was really difficult but I did it.
So today’s dollar is about the equivalent of 2 cents in 1965.
And, this simple point is the one that every talking head needs to use when some crappola “news reporter” whines about how DJTrump has yet to bring prices down “like Biden did”.
People need to be told/reminded that once inflation has taken effect there is no way the price will go down unless: there is deflation, massive increase in supply (which boosts price of all other items on the market), price controls.
Money supply is dynamic.
Bump...
Worrse than I thought.
Melt value is not equivalent to market value, except for the market value of selling the coins themselves. This article is silly.
“We don’t have a spending problem, we have a paying for it problem.” - Chuck Shumer
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