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Re: Money value [Re: riverratdm] #8527269
Yesterday at 06:21 PM
Yesterday at 06:21 PM
Joined: May 2009
Champaign County, Ohio.
K
KeithC Offline
trapper
KeithC  Offline
trapper
K

Joined: May 2009
Champaign County, Ohio.
The prices on everything inflate at different rates. Average inflation is imperfect. Gold inflated at a higher rate than most other items. Most meat inflated at a much higher rate too. Some items, like some computers and TVs inflated little to none

Keith

Re: Money value [Re: riverratdm] #8527276
Yesterday at 06:30 PM
Yesterday at 06:30 PM
Joined: Feb 2011
alberta
S
spjones Offline
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spjones  Offline
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Joined: Feb 2011
alberta
Technology is deflationary

Re: Money value [Re: riverratdm] #8527290
Yesterday at 06:45 PM
Yesterday at 06:45 PM
Joined: Dec 2006
MI
T
trappingthomas Offline
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Joined: Dec 2006
MI
We are talking stated/paper values. If I could trade my gold and silver for cash today (based on stated spot value) minus 10% I would. Then I would save the money when gold/silver prices correct in the future buy back big. But no one will pay that price and I did not buy it as an investment. This thread is talking a hundred different languages of cost to value on different items.

Re: Money value [Re: riverratdm] #8527386
Yesterday at 08:37 PM
Yesterday at 08:37 PM
Joined: Sep 2008
NC
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bowhunter27295 Offline
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Joined: Sep 2008
NC
The biggest problem I see is wages have not kept up with inflation.

I did a comparison of the buying power of the dollar when my parents retired in 1988 to the value of today's dollar.

To have the equivalent buying power of a 1988 dollar, I would have to have $2.56 today. I can tell you there is no way my wages have kept up with that swing.

As hard as its is for me to say, I attribute a lot of this decline in buying power to corporate greed. I know there are other reasons, but this one is hard to ignore. Wages have not kept up with inflation unless you are at the top of the heap. There wages have sky rocketed.


How many lies will people believe before they realize their own idiocy?
Re: Money value [Re: riverratdm] #8527398
Yesterday at 08:52 PM
Yesterday at 08:52 PM
Joined: May 2011
Oakland, MS
yotetrapper30 Offline
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yotetrapper30  Offline
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Joined: May 2011
Oakland, MS
Oh sure, let's blame businesses instead of placing the blame where it lies, which is with a government that is continuously devaluing our money by printing it like it's Monopoly money.


Proudly banned from the NTA.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Or I'll just end up walkin'
In the cold November rain
Re: Money value [Re: yotetrapper30] #8527431
Yesterday at 09:25 PM
Yesterday at 09:25 PM
Joined: Dec 2006
MI
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trappingthomas Offline
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Joined: Dec 2006
MI
Originally Posted by yotetrapper30
Oh sure, let's blame businesses instead of placing the blame where it lies, which is with a government that is continuously devaluing our money by printing it like it's Monopoly money.

This. As an employer I can say we can only pay more if paid more. Does not happen. Government corruption not corporate greed is the problem. Lately things have been turning for my industry. Push for less foreign supply.

Re: Money value [Re: trappingthomas] #8527437
Yesterday at 09:31 PM
Yesterday at 09:31 PM
Joined: Mar 2007
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
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Joined: Mar 2007
McGrath, AK
Originally Posted by trappingthomas
Originally Posted by yotetrapper30
Oh sure, let's blame businesses instead of placing the blame where it lies, which is with a government that is continuously devaluing our money by printing it like it's Monopoly money.

This. As an employer I can say we can only pay more if paid more. Does not happen. Government corruption not corporate greed is the problem. Lately things have been turning for my industry. Push for less foreign supply.


X3

Good example here;

https://www.wsj.com/opinion/irobot-...Sb&reflink=desktopwebshare_permalink


Mean As Nails
Re: Money value [Re: riverratdm] #8527442
Yesterday at 09:41 PM
Yesterday at 09:41 PM
Joined: Dec 2011
MT
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snowy Offline
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snowy  Offline
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Joined: Dec 2011
MT
Inflation isn't created equal. Assuming it's the same, exact item. No 'new and improved' product price can be very stable.

One pound of potatoes in 2004 was $1.09 and in 2025 a pound is .97¢. so deflation.

You compare a same brand car for those years the cost is substantial more now. It is an item that is and improved so cost/inflation over that time plays a part.

Location where you live, taxes where you live make a huge difference on everything you buy. Utilities necessities in life change from one part of US to another. Supply and demand from day to day year to year effects over all cost/inflation.


Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
Re: Money value [Re: riverratdm] #8527443
Yesterday at 09:43 PM
Yesterday at 09:43 PM
Joined: Feb 2011
alberta
S
spjones Offline
trapper
spjones  Offline
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Joined: Feb 2011
alberta
I’m not seeing much of a connection between roomba vacuums and increasing money supply,,,,

Must be missing something?

Re: Money value [Re: riverratdm] #8527459
Yesterday at 10:04 PM
Yesterday at 10:04 PM
Joined: May 2011
Oakland, MS
yotetrapper30 Offline
trapper
yotetrapper30  Offline
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Joined: May 2011
Oakland, MS
I took it as him referring more to government corruption/interference than the money supply. An American company bought out by the Chinese due to heavy-handed government interference. Point being government is always to blame, lol.


Proudly banned from the NTA.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Or I'll just end up walkin'
In the cold November rain
Re: Money value [Re: riverratdm] #8527465
Yesterday at 10:08 PM
Yesterday at 10:08 PM
Joined: Feb 2011
alberta
S
spjones Offline
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spjones  Offline
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Joined: Feb 2011
alberta
lol

Roomba had a pretty good run,,,, 35 years

Did those actually work??

Re: Money value [Re: riverratdm] #8527466
Yesterday at 10:09 PM
Yesterday at 10:09 PM
Joined: Dec 2006
Oregon 66
bfflobo Offline
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bfflobo  Offline
trapper

Joined: Dec 2006
Oregon 66
Inflation is another word for devaluation of the dollar, which is nothing more than a very aggressive form of taxation.


Clean traps,tight lines,straight shooting
http://i.imgur.com/3sawxE9m.jpg
Re: Money value [Re: snowy] #8527667
1 hour ago
1 hour ago
Joined: May 2010
MN
S
Steven 49er Offline
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Steven 49er  Offline
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Joined: May 2010
MN
Originally Posted by spjones
Technology is deflationary

.

Originally Posted by spjones
Technology is deflationary


In a perfect world yes. It's far from a perfect world

.
Originally Posted by yotetrapper30
Oh sure, let's blame businesses instead of placing the blame where it lies, which is with a government that is continuously devaluing our money by printing it like it's Monopoly money.


I dont the bowhunter was blaming business, just stating his observation.
Originally Posted by snowy


One pound of potatoes in 2004 was $1.09 and in 2025 a pound is .97¢. so deflation.



I don't know about Montana but we grow potatoes here. In 2004 potatoes were 30 to 40 cents a pound, now they are a dollar plus unless on sale.

Here is a good chart from the Bureau of Labor Statistics.


https://www.macrotrends.net/4612/us-potato-prices

I don't believe gold and silver has inflated at a faster pace than other items. Just took it awhile to catch up, the manipulation is catching up.

There are many reasons why I believe silver has a ways to go.

Number one is because central banks and government addiction to exponentially inflating the money supply.

Number two silver supply has been in a shortfall compared demand to the tune of a 100 million plus ounces for the last four years. Industrial use of silver is only going to continue to rise.

Number three is foreign central banks are starting to buy silver along with their gold purchases.

Number 4 is the bullion banks like JP Morgan and UBS have switched from short position to long position in the last 6 to 8 months. It was reported that JP had a 200 million ounce paper short position back in June and it's now speculated they have gone long to the tune of 750 million ounces with much of it being taken in physical form, not paper contracts.

The the 20,000 dollar question is can silver prices go down? Of course? Will it go down? Of course. When and how much, I don't know. If I did, I'd be a billionaire.


"Gold is money, everything else is just credit" JP Morgan
Re: Money value [Re: riverratdm] #8527743
9 minutes ago
9 minutes ago
Joined: Feb 2011
alberta
S
spjones Offline
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spjones  Offline
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Joined: Feb 2011
alberta
Curious,,,,,

In what world does technology not become cheaper over time?

Re: Money value [Re: riverratdm] #8527747
1 minute ago
1 minute ago
Joined: Dec 2010
Armpit, ak
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Dirt Online content
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Dirt  Online Content
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Joined: Dec 2010
Armpit, ak
I believe in the medical world.


Who is John Galt?
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