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No one loosed UDS in the crisis but the value of the USD is decreasing every year. Since the 2008 crisis the amound of usd M2 has increased by roughly 50%. http
by kennethh 13y ago
No one loosed UDS in the crisis but the value of the USD is decreasing every year. Since the 2008 crisis the amound of usd M2 has increased by roughly 50%. http://research.stlouisfed.org/fred2/series/M2 http://research.stlouisfed.org/fred2/series/M2
That means Your Money have lost 30% of its value in 5 years. The official inflation numbers excludes some items and incorperate others and was different 20 years ago then now.
- fauigerzigerk 13y ago>That means Your Money have lost 30% of its value That's completely false. You are ignoring the velocity the of money: http://en.wikipedia.org/wiki/Velocity_of_money http://en.wikipedia.org/wiki/Velocity_of_money And contrary to a savings account your bitcoin wallet doesn't even pay interest.
- hnnewguy 13y ago>the official inflation numbers excludes some items and incorperate others and was different 20 years ago then now. Yes. It no longer includes weaving looms, and now includes consumer electronics. You have an issue with that? We don't spend our money on the same basket of goods as we did 50, 25, or even 10 years ago. The CPI should be and is fluid. You should look into how it's actually calculated, rather than going by your favourite conspiracy site's reports.