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Thread: How much metal one can buy with 1k USD - infographic

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  1. #1
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    ductape's Tools
    Quote Originally Posted by mwmkravchenko View Post
    We have inflation for one simple reason. Somone wants to make more money.

    Banks
    Government through taxes
    Wealthy individuals through Corporations that are supposed to earn more every 3 months.

    The last one is the constant driver.

    The first two are episodic.

    The decoupling of currency from a tangible commodity is the source of the constant generation of more wealth.

    Have a finite amount of precious anything that your currency is tied to limits the total possible amount of this currency.

    Good, and bad. Bad in that the people that are good at making the money will accumulate it. Wait, that's happening anyway...

    Can't say it's working though. 40 years ago there was a middle class in Canada and the U.S. Hard to find now.

    Education is the key. Canada is the most over educated country in the world. No one is wanting to do the real jobs.

    Sad.

    I'll get off my little box now.

    Mark
    History has shown that greed is the second most destructive human trait. The violence caused by it is unfortunately the first.

  2. The Following User Says Thank You to ductape For This Useful Post:

    mwmkravchenko (Apr 2, 2023)

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