US Dollar Lost 40 Cents in Value Since 2000 and 10 Cents, Under Biden

Started by Solar, December 14, 2021, 10:13:43 AM

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Solar

US Dollar Lost 40 Cents in Value Since 2000 and 10 Cents of That Loss Happened This Year Under Joe Biden

https://rumble.com/embed/vo5i0b/?pub=4
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TboneAgain

A lot of this is perspective. It's easy to cherry-pick numbers and come up with what this dude talks about.

If you really want perspective on the American dollar, consider that since the passage of the federal income tax and the formation of the Federal Reserve, both in 1913, the dollar has lost roughly 98% of its buying power. Most of that devaluation took place after 1971, when Richard Nixon tore up the Bretton Woods agreement and set our money afloat on the "full faith and credit of the United States," which is essentially a sea of bullshit.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people. -- Tenth Amendment to the US Constitution

Government is not reason; it is not eloquent; IT IS FORCE. -- George Washington

Solar

Quote from: TboneAgain on December 14, 2021, 12:11:04 PMA lot of this is perspective. It's easy to cherry-pick numbers and come up with what this dude talks about.

If you really want perspective on the American dollar, consider that since the passage of the federal income tax and the formation of the Federal Reserve, both in 1913, the dollar has lost roughly 98% of its buying power. Most of that devaluation took place after 1971, when Richard Nixon tore up the Bretton Woods agreement and set our money afloat on the "full faith and credit of the United States," which is essentially a sea of bullshit.
True, but keep in mind, this is just over a decade.
And the image below is just since Biteme.

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Bronx

No wonder I'm always broke...or is because I have a wife, kids, grand kids. and Joe Biden
People sleep peacefully at night because there are a few tough men prepared to do violence on their behalf.

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A wise man uses it to scratch his balls.

Solar

Quote from: Bronx on December 15, 2021, 05:38:39 AMNo wonder I'm always broke...or is because I have a wife, kids, grand kids. and Joe Biden
Misery shared is the new normal? :biggrin:

The left would just call you a lazy capitalist, someone who steals from the mouth of someone who refuses to work.
Does it make sense? No, but then, none of what these Marxists are doing makes sense.

Why would you destroy a society you want to takeover? Yet so many are clueless to what they are doing, and that's the worst part.

And we're the evil ones?
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TboneAgain

Quote from: Solar on December 14, 2021, 02:02:02 PMTrue, but keep in mind, this is just over a decade.
And the image below is just since Biteme.



The scariest thing about this chart is that every single price rise can be traced directly to the government.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people. -- Tenth Amendment to the US Constitution

Government is not reason; it is not eloquent; IT IS FORCE. -- George Washington

Bronx

Quote from: TboneAgain on December 15, 2021, 07:46:04 AMThe scariest thing about this chart is that every single price rise can be traced directly to the government.

The scariest thing on this chart is bacon is up 21%..... :scared:
People sleep peacefully at night because there are a few tough men prepared to do violence on their behalf.

A foolish man complains about his torn pockets.

A wise man uses it to scratch his balls.

TboneAgain

Quote from: Bronx on December 16, 2021, 04:22:51 PMThe scariest thing on this chart is bacon is up 21%..... :scared:
Well, I was trying not to get too worked up over the cost of rental cars....
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people. -- Tenth Amendment to the US Constitution

Government is not reason; it is not eloquent; IT IS FORCE. -- George Washington