View article → > Okay so today you’ve somehow managed to save enough an 1899 $20 gold coin. great! You’ve “reclaimed” two weeks of one year’s worth of 1899 human time, labor, energy, life-force. That’s what savings is: the secure storing away of your valuable time and effort so that you can have a better tomorrow. > Imagine trying to get 25 more of those coins in order to store the equivalent of one year of 1899 human effort… You would have to repeat that daunting savings task 1,300 times in order to save fifty years’ worth of 1899 human life-force. > In real value (the value of the gold coins today) that represents $4,550,000.

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OmniBitcoin's avatar
OmniBitcoin 7 months ago
Excellent article. Prior to 1971 was there even a need for CPI or was gold just a stable measure? Something you could get paid in and the average person didn't question it's value or denomination because it would simply retain value. Now I feel like people are waking up to the debasement but it's decades too late and the thieves are already sailing away on their mega yachts.