Gold in 1980 - $614
Gasoline in 1980 - $1.19/gal
Avg House in 1980 - $76k (@20% interest)
Gold in 2020 - $1773
Gasoline in 2020 - $2.60/gal
Avg House in 2020 - $285k (@3%)
So it looks like 1$^1980 ~= 3$^2020. That's not Zimbabwe by any means, but it does mean a dollar has lost 2/3 of it's purchasing power just in my lifetime.
Dude, gas is currently 93 cents where I live. Two years ago it was over $1.10 and during 2012 it was like $1.30. As for food, I didn't notice any increase in spending for food.
I'm pretty sure if the people holding our debt call in that debt, that's when the house of cards collapses.
What if various leaders have backroom deals with the people holding the debt?
What if that includes using our "private" land as collateral?
How would they convince the masses they need this bailout? How would they "manufacture" consent?
I doubt it. People said the same thing in 08/09 and it didn't happen. And it's not like we're the only ones with massive budget deficits.
Just look at the US. Do you think that they will also have a massive inflation problem?
Gold in 1980 - $614
Gasoline in 1980 - $1.19/gal
Avg House in 1980 - $76k (@20% interest)
Gold in 2020 - $1773
Gasoline in 2020 - $2.60/gal
Avg House in 2020 - $285k (@3%)
So it looks like 1$^1980 ~= 3$^2020. That's not Zimbabwe by any means, but it does mean a dollar has lost 2/3 of it's purchasing power just in my lifetime.
Dude, gas is currently 93 cents where I live. Two years ago it was over $1.10 and during 2012 it was like $1.30. As for food, I didn't notice any increase in spending for food.