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Getbig Main Boards => Gossip & Opinions => Topic started by: agenda21nwo on June 23, 2014, 12:44:37 AM

Title: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: agenda21nwo on June 23, 2014, 12:44:37 AM

USA USA USA LOL talk about a society in economic decline.

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: agenda21nwo on June 23, 2014, 01:22:16 AM

Oh yeah and good luck balancing that budget.  Then you can start on balancing the interest payments.

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: agenda21nwo on June 23, 2014, 01:31:45 AM

I wonder when the fed will start printing "larger" notes?

(http://www.aboutuganda.com/wp-content/uploads/forex-money-uganda.jpg)

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: phreak on June 23, 2014, 01:40:20 AM

Quote from: agenda21nwo on June 23, 2014, 01:31:45 AM

I wonder when the fed will start printing "larger" notes?

(http://www.aboutuganda.com/wp-content/uploads/forex-money-uganda.jpg)

African money, printed on the finest banana leaves.

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: agenda21nwo on June 23, 2014, 01:51:14 AM

(http://www.cavemancircus.com/wp-content/uploads/images/2011/july/inflation_zimbabwe/zimbabwe-money-inflation.jpg)(http://www.cavemancircus.com/wp-content/uploads/images/2011/july/inflation_zimbabwe/10-million-dollar-bills.jpg)

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: agenda21nwo on June 23, 2014, 01:55:05 AM

A happy Obama voter.  This should buy him a weeks worth of food.

(http://www.cavemancircus.com/wp-content/uploads/images/2011/july/inflation_zimbabwe/transport-new-dollar-bills.jpg)

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: agenda21nwo on June 23, 2014, 01:56:35 AM

An Obama voter buying 3 eggs.

(http://www.cavemancircus.com/wp-content/uploads/images/2011/july/inflation_zimbabwe/million-dollars-worth-food.jpg)

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: agenda21nwo on June 23, 2014, 01:58:40 AM

The restaurant bill.

(http://www.cavemancircus.com/wp-content/uploads/images/2011/july/inflation_zimbabwe/million-dollar-sales-receipt.jpg)

Luckily he was cashed up!

(http://www.cavemancircus.com/wp-content/uploads/images/2011/july/inflation_zimbabwe/economic-crisis-inflation.jpg)

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: pedro01 on June 23, 2014, 08:56:08 AM

Yes - a healthy level of inflation is a sign of a healthy economy.

The fact that a dollar buys less that it would 50 years ago is common sense, not economic armageddon.

My dad brought his house for 3,000 pounds. It's now worth 200,000 pounds over 40 years later.

So what?

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: Mr Anabolic on June 23, 2014, 12:22:32 PM

I have a few of these.  Great conversation piece.

(http://upload.wikimedia.org/wikipedia/commons/3/3e/Zimbabwe_$100_trillion_2009_Obverse.jpg)

Most of you are going to feel like you crashed into a brick wall when the shit finally hits the fan.

I feel very bad for younger people and children.  They have been totally disenfranchised and don't even realize it.

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: Mr Anabolic on June 23, 2014, 12:24:39 PM

Quote from: pedro01 on June 23, 2014, 08:56:08 AM

Yes - a healthy level of inflation is a sign of a healthy economy.

The fact that a dollar buys less that it would 50 years ago is common sense, not economic armageddon.

My dad brought his house for 3,000 pounds. It's now worth 200,000 pounds over 40 years later.

So what?

They are basically stealing your labor.

Incomes are not rising to keep up with the inflation (i.e. dollar debasement).

Please get a clue.

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: pedro01 on June 23, 2014, 04:29:59 PM

Quote from: Mr Anabolic on June 23, 2014, 12:24:39 PM

They are basically stealing your labor.

Incomes are not rising to keep up with the inflation (i.e. dollar debasement).

Please get a clue.

No-one is stealing my labor.

My income rises when I put the prices of my products up or when my products become more popular.

In fact, I think it might me time for a little price increase...

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: agenda21nwo on June 24, 2014, 01:46:24 AM

Quote from: pedro01 on June 23, 2014, 08:56:08 AM

Yes - a healthy level of inflation is a sign of a healthy economy.

The fact that a dollar buys less that it would 50 years ago is common sense, not economic armageddon.

My dad brought his house for 3,000 pounds. It's now worth 200,000 pounds over 40 years later.

So what?

Err...  your own example proves massive inflation  ::)

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: pedro01 on June 24, 2014, 06:48:33 AM

Quote from: agenda21nwo on June 24, 2014, 01:46:24 AM

Err...  your own example proves massive inflation  ::)

No - it proves healthy inflation. Not massive inflation.

The development of the country shows how healthy this inflation was - compare any UK city in the 60s to now and you'll figure it out.

Title: Re: US dollar - 100 years later it will buy you 1/50th of what it would then
Post by: Vince G, CSN MFT on June 24, 2014, 07:04:26 AM

Quote from: agenda21nwo on June 23, 2014, 01:51:14 AM

(http://www.cavemancircus.com/wp-content/uploads/images/2011/july/inflation_zimbabwe/zimbabwe-money-inflation.jpg)(http://www.cavemancircus.com/wp-content/uploads/images/2011/july/inflation_zimbabwe/10-million-dollar-bills.jpg)

Zimbabwe is fucked up because they kicked all 4000 of the white farmers off their land and took their land.  Technically it didn't belong to them however it destroyed the GDP of the country plunging it into utter chaos.  No one wants to do business with the country so its fucked