Since the last reset in 1929, the destruction of purchasing
power has been accelerating. In "the Speech" (1962?) Ronald Reagan said compared to the 1939 dollar, at the time of "the Speech" its purchasing
power was down to about $0.43c (for gold bugs, this should be pause for thought, as that was during the gold standard).
What we have experienced, is massive, out of control, currency counterfeiting (Public Debt, naked Credit, devaluation, QE, TARP, etc ALL of that is fungible with money
, and it is currency counterfeiting).
This may come as a bit of a shock, and the pricing is relative to take home pay in 1973 as a factory worker, making components for cars (I did it to save up to get married to the Witch Queen of some frozen wasteland, and I was lucky to find out what she was REALLY like, before going down the aisle).
For my take home pay in 1973, I was able to buy certain amounts of goods of a certain value a year.
For example, in British Pounds, to buy the same value in pints of beer
in a pub today, as a factory worker, I would have to take home well over £800,000 a year.
In pints of cider, I would have to take home well over £1,250,000 a year (that's knocking on the door of $2,000,000 a year in equivalent purchasing power).
In equivalent new homes, about £1,000,000 a year.
Certain small cars, over 600,00 a year, in Ferrari's (I almost bought one in 1973 when I had the lucky split with the Demon Queen), somewhere north of $1,600,000 equivalent.
What this was, was the boiled frog approach, as UK prices were brought into line with the EEC/EU.
I only twigged this was the case, when I saw Countries in Eastern Europe
experience the accelerated price
increase imposition. It was almost as bad in Spain
For example Bulgaria, within 6 months of joining the EU, prices were at EU levels.
But average wages in Bulgaria, were still less than 30 euros a week.
We are being absolutely robbed blind.
We are about at the point where the fat lady starts singing. When every table in the Casino is rigged, and you go outside the Casino, and everything there is rigged as well, it is "Tilt! Game
Fundamentals are now more than twice as bad as they were in 1929, and nothing has been fixed since 2008, all that has happened, is the can has continued to be kicked, and things made much worse.
Buckle up, this is going to be incredible, and not in a nice way. The lunatics that have taken over the asylum, don't even begin to comprehend what they have to do to sort out the mess they have made.
PS. Those relative prices clearly illustrate that we haven't been living in a Capitalist system, since at least 1973. In a Capitalist system, due to competition, and increases in efficiency, there is always mild deflation (which is healthy to an economy, great for savers, great for pensioners, great for workers, etc). Throughout the 20th Century, for example the price
of cars steadily decreased up until 1973.
Your parents should have paid less for stuff than your grandparents did, and you should be paying less for stuff than your parents did.
The extent of the fraud, looting, pillaging, plundering, and asset stripping that we have experienced, and not even realised it, is simply breathtaking. If it wasn't so darned serious, that people somehow think what we have is "Capitalism", would be absolutely hilarious.
PPS. That purchasing power is based on takehome pay for a basic week. It doesn't include the substantial extra I had for overtime (plenty of it) and production bonuses (plenty of it).
Let me explain what Capitalism is. It's an African farmer, growing their crops, and taking them to Market to sell them. Wherever you are in the World, that's it, it's the exact same thing. It's the small and medium sized businesses that used to provide around 70% of the jobs.
All of whom have been absolutely slaughtered in the fake Market, in the decades since.