We spend our entire lives working for money that they can print for free.
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Replies (12)
Yep.
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Facts 🙌
Rule of 70 is magic. Divide 70 by the inflation rate and you get the years your purchasing power is halved.
For example
-2% is approx 35 years (70/2)
-10% is approx 7 years (70/10)
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Argentinian at 211% be like:
"Those are rookie numbers"
we count our halvings of purchasing power in months.
currently at 7.5 months are rising
วิธีดูง่าย ๆ ว่าเงินเฟ้อจริง ๆ คือเท่าไหร่
ให้ลองดูว่าสินค้ารอบตัวว่าราคาขึ้นโดยเฉลี่ย 2 เท่าใช้เวลานานแค่ไหน แล้วลองเอามาเทียบดูในตารางนี้ดูครับ
แล้วคุณจะพบว่าตัวเลขเงินเฟ้อที่รัฐบาลประกาศคือ ขี้โม้!! ทั้งนั้นครับ
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Very cool, thanks!
Validation for your table
When I graduated, I thought making $65k+/yr was going to be great! Now... that's just getting by...
This is why we need to VOTE FOR BETTER MONEY!
VOTE FOR BETTER MONEY
Our money is broken. Prices keep going up. Inflation is out of control. Our mission is to show Americans they can vote for better money.
Assume 1 = 100% purchasing power today.
Future purchasing power in percent =
1 * (100% - inflation rate in percent ) ^ years.
Solve for years or purchasing power.