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Thread: Odd Observation from a Newbie
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11-03-2012, 04:21 AM #21
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- Sep 2012
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- Central Arkansas
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Thanked: 10Either way, with our monetary debasement the trend still holds...buy more razors before we're even more inflated!
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11-03-2012, 04:22 AM #22
That's something I was lead to believe myself.
That's not bad at all! But according to this http://www.bls.gov/opub/uscs/1918-19.pdf - the average Joe made .50 an hour. So a W&B was still over a weeks pay...Last edited by earcutter; 11-03-2012 at 04:27 AM.
David
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11-03-2012, 04:25 AM #23
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11-03-2012, 04:29 AM #24
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- Sep 2012
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- Central Arkansas
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Thanked: 10I don't think I could bring myself to work for the man - no offense to anyone who does! Just another one of those real asset nuts...we have to protect our purchasing power.
Gotta love the BLS: it's where I got the data for my excel chart
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11-03-2012, 04:34 AM #25
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11-03-2012, 05:49 AM #26
Man, what was it in the early 70's that started that steep 45° climb?! Was that the beginning of gas shortage/rations? I thought that was more mid 70's. That is one monstrous leap in just 40 some years!
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11-03-2012, 05:56 AM #27
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- Sep 2012
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Thanked: 10Odd Observation from a Newbie
Myriad factors including, but not limited to, skyrocketing oil costs, currency speculation, and extremely loose monetary policy (basically US trying to finance the Vietnam war, reduce unemployment, increase social welfare outlays, etc.--sounds familiar, no?). I'd expound but I don't want to hijack the tread
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11-03-2012, 09:01 AM #28
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11-03-2012, 11:18 AM #29
That was when we came off the gold standard. Back then we always backed the dollar with an equal amount of gold. Nixon took us off the gold standard and we've been paying for it ever since then. Our current gasprices are more of a reflection of our devalued paper currency than any meaningless accusations towards the evil oil companies.
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11-03-2012, 12:19 PM #30
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