4 ms·

Because the money is funny money that's not real or robust. The US dollar has lost 85-96% of it's value since the early 70's. Just my view atleast

• aynyc 4y ago
  The US dollar has lost 85-96% of it's value since the early 70's Can you explain that? I don't really understand that sentence.
  • chii 4y ago
    The argument they're making is that because the original value of the dollar is worth X amount of gold, until the 70's (where we got off the gold standard), the "actual", gold backed value would've been a constant multiple of the price of gold today (since gold's value is stable under this assumption), and thus, the dollar lost a bunch of value. i don't buy it, because the amount of possible goods/services purchasable today is much higher than back in the 70's.
    • aynyc 4y ago
      Ah, makes sense. I'm not sure I agree, but it's an interesting take.