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Re: Money value
[Re: riverratdm]
#8527386
12/19/25 09:37 PM
12/19/25 09:37 PM
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Joined: Sep 2008
NC
bowhunter27295
trapper
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trapper
Joined: Sep 2008
NC
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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?
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Re: Money value
[Re: riverratdm]
#8527398
12/19/25 09:52 PM
12/19/25 09:52 PM
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Joined: May 2011
Oakland, MS
yotetrapper30
trapper
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trapper
Joined: May 2011
Oakland, MS
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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.
Gotta find a way, a better way, I'd better wait
Just because you're paranoid doesn't mean they're not after you
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Re: Money value
[Re: yotetrapper30]
#8527431
12/19/25 10:25 PM
12/19/25 10:25 PM
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Joined: Dec 2006
MI
trappingthomas
trapper
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trapper
Joined: Dec 2006
MI
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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.
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Re: Money value
[Re: trappingthomas]
#8527437
12/19/25 10:31 PM
12/19/25 10:31 PM
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Joined: Mar 2007
McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
McGrath, AK
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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
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Re: Money value
[Re: riverratdm]
#8527442
12/19/25 10:41 PM
12/19/25 10:41 PM
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Joined: Dec 2011
MT
snowy
trapper
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trapper
Joined: Dec 2011
MT
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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
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Re: Money value
[Re: riverratdm]
#8527459
12/19/25 11:04 PM
12/19/25 11:04 PM
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Joined: May 2011
Oakland, MS
yotetrapper30
trapper
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trapper
Joined: May 2011
Oakland, MS
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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.
Gotta find a way, a better way, I'd better wait
Just because you're paranoid doesn't mean they're not after you
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Re: Money value
[Re: snowy]
#8527667
12/20/25 09:43 AM
12/20/25 09:43 AM
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Joined: May 2010
MN
Steven 49er
trapper
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trapper
Joined: May 2010
MN
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Technology is deflationary . Technology is deflationary In a perfect world yes. It's far from a perfect world . 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.
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-pricesI 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
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Re: Money value
[Re: spjones]
#8527758
12/20/25 11:41 AM
12/20/25 11:41 AM
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Joined: May 2010
MN
Steven 49er
trapper
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trapper
Joined: May 2010
MN
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Curious,,,,,
In what world does technology not become cheaper over time? You didn't say specifically that technology becomes cheaper over time. You said technology is deflationary in a generic sense. Maybe I didn't follow the context of the conversation well enough. Dirt does bring up a good point. Technology should have been deflationary in the medical industry, also government services, insurance services. Alas those services have increased above the rate of the government's bs inflation numbers.
"Gold is money, everything else is just credit" JP Morgan
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Re: Money value
[Re: riverratdm]
#8527768
12/20/25 11:58 AM
12/20/25 11:58 AM
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Joined: May 2010
MN
Steven 49er
trapper
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trapper
Joined: May 2010
MN
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I'm just barely old enough to remember the price shocks of inflation in the 70s and early 80s.
In 1983 the government decided to change the metrics of how inflation. If we used the 1980 based metrics inflation has been much, much higher than the official numbers. Much higher.
Want to know what else happened in 1983? The Social Security Amendment act was implemented putting a band aid on the failing program.
Why does that matter? Lower inflation rates mean lower cost of living adjustments. Not only for for Social Security recipients but all government employees and retirees.
Now some will say BLS announced in 1981 it was going to change the way inflation was measured far earlier than when the Social Security act was signed. Does anyone think that discussions to fix they Social Security shortfall wasn't being discussed before 1983? The writing was on the wall far earlier than 1983.
"Gold is money, everything else is just credit" JP Morgan
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Re: Money value
[Re: Steven 49er]
#8527769
12/20/25 11:59 AM
12/20/25 11:59 AM
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Joined: Dec 2011
MT
snowy
trapper
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trapper
Joined: Dec 2011
MT
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Technology is deflationary . Technology is deflationary In a perfect world yes. It's far from a perfect world . 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.
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-pricesI 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. Your chart says .46 for 2004 and 1.01 for 2025 a lot of miss info is all I can guess. Your adjusted chart says.80 for 2004 and 1.00 for 2025. https://www.in2013dollars.com/Potatoes/price-inflation/2025-to-2025?amount=0.18
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
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