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Post by DTConcerned Wed Feb 08, 2012 2:25 pm

Over the next 20 years, 2% per year devaluation, so if you are not making mor ethen 2% you are losing money.

http://www.forbes.com/sites/charleskadlec/2012/02/06/the-federal-reserves-explicit-goal-devalue-the-dollar-33/

This is not unexpected or off beat from the history of the Dollar though In the past 50 years, bread has gone from 7 cents a loaf to $2.00, Gas from 30 cents to $4.00, a hours from $3,000.00 to $130,000.00. This is actually a lower inflation rate then we have been experiencing, but the headline makes it look traumatic. If prices on everythign had trippled every 20 years, the only commodity that woudl be about where it is now is GAS, bread would be cheaper still, houses would still be cheaper. If Gas prices kept up with house, we would be paying $13 or $14 per gallon, or if they kept up with Bread more like $8 per gallon. Sadly we would probably be driving just as much.

*****************
Don’t ride the hype, use wisdom. Live life in the now, hope for the future, and use wisdom in dealing with the affairs of men.
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