are y'all better off than you were 4 years ago ?

[hemet dennis]

You are talking in circles. You make post after post about how the dollar is not being devalued (inflation), that its actually gold that being inflated. Now inflation is happening so I should keep up an make more money? That proves my whole point.

I am disabled by the way so my income is based on reported inflation an still it cant keep up.


And going off the gold standard, if anything lowered the growth of the standard of living that innovation has given us.

Ok last time. Yes there's inflation but the average wages have more then covered the inflation. You say that being on the gold standard kept the dollar stable. Or was it the dollar that kept gold stable or was it they kept each other stable (what came first the chicken or the egg).

There has been more innovation and progress in the years off the gold standard then in all the years on it.

Now I don't know your personal case and for this situation it doesn't matter. Now do they do the cost of living raises for people on fixed income right ? No they don't but that has nothing to do with the gold standard. that's a separate problem. Part of that problem is the people that abuse the system. And I'm not saying you are. But when you have people that are taking money out of the system that's money out of the check of people that deserve it. People on fixed incomes are always going to get the short end of the stick but back in the 30's when we went off the gold standard if you were disabled and didn't have family or friends to take care of you then you just died.

People like to blame stuff on going off the gold standard. But if you look at the facts the average person is better off with a higher standard of living and better working conditions then they were on the gold standard. That's the indisputable facts. That chart you had shows the buying power of one dollar but no one works for a dollar a day any longer.

 

[rebelcowboysnb]

You have yet to show any proof that going off the gold standard did anything other than allow the fed to hide more taxes in inflation.

Fixed income does not keep up with inflation.

Minimum wage does not keep up with inflation.

Average income does not keep up with inflation.

The only plus for inflation is the government having more money, it costs everyone else money.

It does not matter weather a car goes for $1000 or $100,000 as long is the percent of your income is the same.

So other than the hidden tax the fed gets, what is good about inflation?

 

[hemet dennis]

You have yet to show any proof that going off the gold standard did anything other than allow the fed to hide more taxes in inflation.

Fixed income does not keep up with inflation.

Minimum wage does not keep up with inflation.

Average income does not keep up with inflation.

The only plus for inflation is the government having more money, it costs everyone else money.

It does not matter weather a car goes for $1000 or $100,000 as long is the percent of your income is the same.

So other than the hidden tax the fed gets, what is good about inflation?

As I said, off the gold standard we have a higher standard of living and better working conditions.

Now can you show any proof that we would be better off if we stayed on the gold standard ?

What is the benefit to the government to collect more dollars that are worth less ?

 

[rebelcowboysnb]

Quote: "As I said, off the gold standard we have a higher standard of living and better working conditions."

Higher standard of living was cause of time an innovation. The gold standard change, if anything slowed down the growth of the higher standard of living. Income follows cost, not the other way around.



"Now can you show any proof that we would be better off if we stayed on the gold standard ?

Any money saved right now will buy less product 5 years from now. Inflation punishes savings an promotes debt.
People would not need a raise every few years just to buy the same groceries. A raise to catch back up still means you are losing.



"What is the benefit to the government to collect more dollars that are worth less ?"

Nothing. The benefit is the value stolen from your money an given to the newly printed money that the government now can spend. Your net worth goes down with every $ printed an the governments net worth goes up by the same. Great for people in government an people that get that money but still theft from everyone else.

 

[hemet dennis]

"As I said, off the gold standard we have a higher standard of living and better working conditions."

Higher standard of living was cause of time an innovation. The gold standard change, if anything slowed down the growth of the higher standard of living. Income follows cost, not the other way around.
You have some chart or something to prove this ? Most things like round steak income has been ahead of cost.


"Now can you show any proof that we would be better off if we stayed on the gold standard ?

Any money saved right now will buy less product 5 years from now. Inflation punishes savings an promotes debt.
People would not need a raise every few years just to buy the same groceries. A raise to catch back up still means you are losing.
Union contracts are for 3, 4, or 5 years and have automatic yearly raises. In times of high inflation unions have gone back and renegotiate, but in times of low inflation they have never said for the company to pass up a raise. Inflation promotes investment and innovation.


"What is the benefit to the government to collect more dollars that are worth less ?"

Nothing. The benefit is the value stolen from your money an given to the newly printed money that the government now can spend. Your net worth goes down with every $ printed an the governments net worth goes up by the same. Great for people in government an people that get that money but still theft from everyone else.
How can their worth go up when the dollars they have are worth less. What is the benefit to the government to cause inflation ? So they can buy less with more dollars ?

 

[rebelcowboysnb]

Quote:

 

[hemet dennis]

Facts are that people have to work less under better conditions for a higher standard of living today.

Fact is you cant prove we would be better off under a gold standard because it never happened.

Fact is people on a fixed income are better off now then they ever were under a gold standard.

 

[cupman]

Just called to say, I'll do better the next four.

 

[rebelcowboysnb]

Quote:
The only fact is that there is nothing showing that taking the country off the gold standard did any of that. The only thing that it is known to have done is ad a new tax on the people.

I have had my fill of politics for tonight....

 

[hemet dennis]

Just called to say, I'll do better the next four.

Don't think he can and sure he wont.