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Topic: $500 is the new $50 and $1000 is the new $100 (Read 905 times)

sr. member
Activity: 518
Merit: 250
US$ inflates currently at 2-3% a year. It will take 50 years before $500 will buy only $50 worth of goods.

Inflation is going to be picking up at much faster rates in the near future IMO

I saw a chart of the US dollar buying power earlier http://www.bannerjapan.com/en/wp-content/uploads/2010/06/decline-in-purchasing-power-of-dollar-since-1871.gif  I simply extended the line and find 2050 and 2060 the dollar would be worth nothing (~40 years). Your thoughts?
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
US$ inflates currently at 2-3% a year. It will take 50 years before $500 will buy only $50 worth of goods.

Inflation is going to be picking up at much faster rates in the near future IMO
sr. member
Activity: 448
Merit: 250
US$ inflates currently at 2-3% a year. It will take 50 years before $500 will buy only $50 worth of goods.
legendary
Activity: 2212
Merit: 1199
Well you told that new $100 will be same like old $10k

devaluation of a dollar can make it the truth
and inflation of current prices can make it the truth too - as "for a meaning" of a value. Smiley

Or I am wrong? Smiley
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Soon in the next few years $10,000 will be the new $100 and $5000 will be the new $50.

Just adding zeros.


Are you talking about devaluation or inflation? Wink

Both can cause this became the truth.



Of what?
legendary
Activity: 2212
Merit: 1199
Soon in the next few years $10,000 will be the new $100 and $5000 will be the new $50.

Just adding zeros.


Are you talking about devaluation or inflation? Wink

Both can cause this became the truth.

legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Soon in the next few years $10,000 will be the new $100 and $5000 will be the new $50.

Just adding zeros.
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