Socialism

[Zlaxer]

Yes, it’s value is completely unaffected by the number in existence AS PROVEN BY MONEY CREATED THROUGH DEBT.

Then why is real purchasing power declining?

??? My iPhone, car, TV, even my lawnmower deliver much more value for my dollars. Even staples like food have gone down in price: selection, availability, quality are well worth it.

Housing is an example of consumption > production.

What would $1000 get you in 1950?

[Fife]

From the Dept. of Money is Just an Imaginary Construct:

Venezuela children left behind as parents flee to find work abroad

CARACAS (Reuters) - Yusneiker and Anthonella have been living with their grandmother since their father left Venezuela and its collapsing economy last year for Peru, to try and earn enough to feed them. Two years earlier, their mother fled for the Dominican Republic for the same reason.

Yusneiker, 12, and Anthonella, 8, are eating better thanks to hard currency remittances from their parents, according to their grandmother Aura Orozco, who is grateful for the dollars that offer a reprieve from Venezuela’s annual inflation of nearly 2 million percent.

. . .

Children often gain material benefits from their parents’ migration, because sending hard currency to relatives provides greater access to food and medicine and even the occasional gift. Yusneiker’s grandmother was recently able to surprise him with a new pair of sneakers.

See your future, Fed dependents. If you choose to remain USD dependent, where will you migrate to for payment in *non-imaginary* money?

[Speaker to Animals]

It's not just inflation you need to look at but also real incomes. That is more a factor of offshoring and immigration, though. Purchasing power is declining because business cunts have run our government and destroyed the middle and working classes.

Moderate (but steady) inflation is only going to hurt you if you have a lot of wealth but cannot or will not use it somehow to generate more wealth to beat the inflation. I am not saying it's good. Just that it's not something that is going to really hurt much the average American by itself.

Really fast inflation from, say, paying off the national debt by just printing however many trillions of dollars, would devastate us as happened in Venezuela when the Venezuelan government did exactly that.

[Fife]

It's the Fed, DSL. Its your money they have ruined. Take all of your complaints, and examine how they would currently stand if the USA still had actual money as the basis for our economy.

[Speaker to Animals]

It's the Fed, DSL. Its your money they have ruined. Take all of your complaints, and examine how they would currently stand if the USA still had actual money as the basis for our economy.

I agree with you. I just think the damage is overplayed by people who want to end it. The much greater damage comes from rampant immigration and job offshoring treaties. We could eat their inflation each generation if our real incomes were not stagnating.

I would love to return to a real monetary system.

[Fife]

We and our children will see a return to a real money economy. I hope we survive the trip.

[Martin Hash]

Then why is real purchasing power declining?

??? My iPhone, car, TV, even my lawnmower deliver much more value for my dollars. Even staples like food have gone down in price: selection, availability, quality are well worth it.

Housing is an example of consumption > production.

What would $1000 get you in 1950?

Not an iPhone; not central heating in your insulated home; not a safe car; not a heart transplant.

[GloryofGreece]

We and our children will see a return to a real money economy. I hope we survive the trip.

Do you mean a return to something like the gold standard or something else?

[Fife]

Whatever comes after Federal Reserve Notes.

Nobody knows what that will be, and neither do I; except I'm pretty sure is will be real and not fiat issued by some gang. This is what concerns me most about crypto, but I don't know shit about the tech, so what good is my take on that?

[Martin Hash]

Monetarists are people who don't understand money.