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To: DannyTN
"The Average U.S. household has $100,000 in total net assets. So applying the statistic above, the average household probably keeps about $10,000 in monetary assets. 1% inflation on that costs them about $100 a year in purchasing power."

two problems with your attempted gloss over of the built in loss on owning American Dollars...

1. Trying to separate out CASH from REAL assets in attempt to show less of a monetary loss is not only mildly amusing it would give any CPA worth his salt a severe case of the giggles being that any asset that is valued in Dollars suffers the same loss (and I notice you conveniently left out the devastating effects of compounding being such also works when you compound a loss over time.)

2. I would like to know if you would invest 100K dollars in a financial opportunity that would suffer a compounding loss of 1% or more per year for the next 20 or more years?

85 posted on 12/10/2010 4:23:58 PM PST by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: Mad Dawgg
any asset that is valued in Dollars suffers the same loss

Really? Does the stock I own drop in value?

86 posted on 12/10/2010 4:31:24 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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