Since1971, $1 USD has declined in purchasing power to just 12.9 cents (an 87.1% decline)
In Australia’s case, $1 AUD has declined to just 7.7 cents (a 92.3% decline) over the same period
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Replies (12)
No end in sight without #Bitcoin………..
#Bitcoin is a hard stop to this process……..
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Thanks for the math! 🙏
🇬🇧 hold my tea


Oi ya greezer that’s bad innit
It's been happening here for about 1,250 years. The name Pound comes from it's origin of a pound of silver.
"The origins of sterling lie in the reign of King Offa of Mercia (757–796), who introduced a "sterling" coin made by physically dividing a Tower pound (5,400 grains, 349.9 grams) of silver into 240 parts"
From


Pound sterling - Wikipedia

But, you know, everything is just fine
Looks like paradise
Amazing that it halved in little over 5 years!
It's nice where I am.
Couldn't have been fun.
Sounds very very painful 😒