ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 01, 2022, 11:03:25 AM |
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WatChe
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September 01, 2022, 11:07:22 AM |
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Purchasing Power of the U.S. Dollar Over Time" The purchasing power of a currency is the amount of goods and services that can be bought with one unit of the currency." SourceThe purchasing power of USD has gone down over years due to printing of more and more USD currency notes. The decreasing purchasing power of USD can be seen from the fact that 1 USD in 1913 is equal to 26 USD in 2020. In 1933, 10 beer bottles can be bought with 1 USD and in 2020 you can buy just a cup of coffee with 1 USD. In 2022, One can easily correlate his local currency with this USD decreasing purchasing power since the phenomena is same for all fiat currency. For example, in my country I can buy 1 large bread for 40 Pakistani Rupee 10 years ago, today its price is 120 Pakistani Rupee. Only between 1929-1933 the purchasing power of USD increases due to deflation and reduction in new currency supply by 31%. As governments print more and more currency notes without any barrier the purchasing power of currency is deemed to go down.  Image and info source In 1933, the manufacture, importation and sale of alcohol was still forbidden in the USA and had been for 13 years. It would have taken many years for the brewing industry to recover after that so the price of illegal beer in that year can't be used to indicate the results of inflation today. Also, fucking nobody on this side of the Atlantic ever bought 10 beer. If you have 2 or 3 friends over to help you drink it, it can't be divided evenly which results in unnecessary arguments, feats of strength and ultimately fist fights over the last beer. This is why it is sold conveniently in multiples of 6 or in kegs. Only a barbarian would buy 10 beer; f&@#in' savages. The ban was enforced from 1920 to 1933. I can't say whether stats mentioned about beer are correct or not but there is a consent that purchasing power of every currency including US dollar has gone down over time because of uncontrolled printing of money. If you don't like beer example, I have given you example of bread also. It was 40 Pakistani Rupees ten years back and from same store I am buying it on 120 Pakistani Rupee right now. There are many such examples that can prove the decreasing purchasing of a currency over time.  Naan (a type of bread commonly used during breakfast, lunch n dinner in Pakistan) price was 2 Pakistani Rupee in 2000 now 20 Pakistani Rupee. Image source |
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wagmi
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Activity: 103
Merit: 75
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September 01, 2022, 11:42:27 AM |
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Now let's see what National Geographic has to say: one geoscientist calculated that there are 1.6 quadrillion tons of gold in the core—that’s enough to gild the entire surface of the planet half-a-meter (1.5 feet) thick Why bother with an asteroid, if the earth's core holds 8800 times more gold? Wow, yes, it's huge number but we can only dig out a tiny bit... |
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wagmi
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Activity: 103
Merit: 75
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September 01, 2022, 11:46:29 AM |
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They absolutely know for SUUUUREEE that it is Gold. They have taken a sample from it, delivered it to earth and made an diagnostic. Do you know some people are doing... ummm... SCIENCE? 
Gold sucks compared to Bitcoin ? Have you fallen on your head upon birth or something ? Or you simply do not know the use of Gold and its uniqueness ? It is the other way around more likely ... FFS these folks...
Do you have some mental issues because it's really looking like you do! You should definitely get some help, moron! And now, please do your daily prayer for Peter Schiff! |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 01, 2022, 12:01:22 PM |
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Gachapin
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September 01, 2022, 12:41:04 PM |
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bitcoinPsycho
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Activity: 2478
Merit: 2077
$120000 in 2024 Confirmed
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September 01, 2022, 12:50:07 PM
Last edit: September 01, 2022, 01:35:49 PM by bitcoinPsycho |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 01, 2022, 01:01:18 PM |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 01, 2022, 02:01:18 PM |
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Gachapin
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September 01, 2022, 02:14:56 PM |
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we might well test 18k again, but I think the bottom is in SOMATM
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vapourminer
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Activity: 4326
Merit: 3519
what is this "brake pedal" you speak of?
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September 01, 2022, 02:21:50 PM |
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just.. Do Not
its easier this way, trust me |
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eXPHorizon
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Activity: 1176
Merit: 132
Precision Beats Power and Timing Beats Speed.
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September 01, 2022, 02:27:36 PM |
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Yees people are doing SCIENCE ?! Lelelel and how did their scajence their belief that the asteroid is Gold? By weight? xD By how it rotates ? XDDD This just shows the Beetkojn com would believe ANYTHING  |
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Piesel
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September 01, 2022, 02:50:35 PM |
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just.. Do Not
it's easier this way, trust me Yeah speculation can raise one blood level for nothing, so I say do not speculate. 18k Bitcoin price, we will nowhere near that price! Am thinking of selling all the altcoins in my possession to buy diapers for bitcoin bear to seal the linkage afflicted by some weak hand for the past few weeks back. |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 01, 2022, 03:04:55 PM |
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Gachapin
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September 01, 2022, 03:29:19 PM |
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just.. Do Not
it's easier this way, trust me Yeah speculation can raise one blood level for nothing, so I say do not speculate. 18k Bitcoin price, we will nowhere near that price! Am thinking of selling all the altcoins in my possession to buy diapers for bitcoin bear to seal the linkage afflicted by some weak hand for the past few weeks back. whatever you say... |
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Torque
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Activity: 3556
Merit: 5041
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September 01, 2022, 03:35:46 PM |
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OT: You can't make this shit up  |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 01, 2022, 04:03:24 PM |
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Toxic2040
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Activity: 1792
Merit: 4141
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September 01, 2022, 04:53:56 PM Merited by JayJuanGee (1) |
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~snip~
the evening wall report..
a better month ahead it appears
 this month...maybe...perhaps not today ---------- the morning wall report the dollar, yuan and chicken up... pretty much everything else seeing declines today bitcoin down one and three quarter in early trading wti down to $86.5 a barrel...gold falling under $1.7kish bloody discount pricing continues btfd's and hodl gm and dyor 4h  D  stronghands |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 01, 2022, 05:03:25 PM |
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execijutiere
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Activity: 1400
Merit: 1258
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September 01, 2022, 05:32:08 PM |
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It's in the accumulation process again. 19.800 to 20.200 band. Now the market is acting like it is waiting for any news. The market maker is waiting for the moment, but it is unpredictable. It looks like it will move sharply, this silence shows this. Let's see exactly what direction we will take in the coming hours.
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