OMGWTFBBQ?!

[ravens_hearth]

I knew that we were in bad shape, but I hadn't actually realized just HOW bad until moments ago

Comments

[ravens_hearth]

You're being taxed by inflation at a rate about 97.7% on every dollar you earn AFTER TAXES and it's completely invisible unless you look for it.

[ravens_hearth]

If the dollar was worth a dollar 10 years ago, it's worth only 28 cents today.
If the dollar was worth a dollar 5 years ago, it's worth only 36 cents today.
If the dollar was worth a dollar 1 year ago, it's worth only 69 cents today.
If the dollar was worth a dollar 6 months ago, it's worth only 72 cents today.
If the dollar was worth a dollar 2 months ago, it's worth only 86 cents today.

And best case scenario:

If the dollar was worth a dollar 30 days ago, it's still only worth 87 cents today.

[blueinva]

In 2001 gold was at $250 an ounce. Did that mean that inflation went backwards between 1998 and 2001? Or in 1980 when gold lost 60% of it's value that every dollar was worth $1.60 a year later? *smile*
Gold cannot be used as a measure of inflation - no commodity that is subject to price speculation (be it oil, tech-stocks or baseball cards) can.

[ghoststrider]

I say a dollar is worth whatever the heck the person across the counter says its worth. If you can get stuff with that dollar, its all good.