What if I told you gasoline is cheaper today than it was 45 years ago! Its true and I can prove it!!
In 1963 gasoline was about $0.30 to $0.35 per gallon. Back then there were these things called silver dollars and they were interchangeable with paper dollars. So one dollar would buy you about 3 gallons of gasoline. (By the way when was the last time you received a piece of real silver as change?) Today that same silver dollar worth $17.50 will buy you over 4 gallons of gas! What's going on?!?!!
Any comments?
Posted by Eric Malachowski of Project Liberty
Monday, June 30, 2008
GASOLINE IS ACTUALLY CHEAPER TODAY THAN IT WAS 45 YEARS AGO!
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With a silver dollar this may be true, but take the paper dollar in that same year and simply plug in inflation, where does that put gas.
ReplyDeleteAll you have stated is that silver has increased faster that gas prices
I don't get it! Help me understand this. ha ha!
ReplyDeletei'm not quite getting this. could you elaborate on this some more??
ReplyDeletewho is anonymous?
ReplyDeleteThis is more than silver vs oil. What I have stated is the fact that INFLATION is killing us! Simply plug in inflation and you have the real problem, Inflation!!!
I love how peple like to dismiss inflation like its something that just is what it is and nothing can be done about it.
If you put your effort into something valuable you have to get value. If you convert your fake money into real money like gold and silver you will always retain the value that you have worked so had for. If you continue to give a counterfit then thats what you recieve.
My purpose is to teach people if they give real value (their labor and stored labor or money) than they should only accept real value, gold and silver. At the very least start converting a portion into real money.
The value of silver and gold is static, meaning it does not fluctuate over the years. Americans (and the rest of the world) are duped into thinking that currency (dollars, yen, euros, pounds) has value. the fact is they are printed on worthless paper, and each year they keep printing more. so the reality is currency only REPRESENTS value, and each day the total value floating around in the market place is being represented by more and more dollars. That couldn't possibly reduce the total value in the market, so instead in reduces the percent of that value that each dollar represents.
ReplyDeleteSilver and gold do not increase in value, the currency we use to represent their value decreases in the value it represents. And that is NOT a natural phenomenon!
Josh