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Re: Re: Re: Fifty Year Ago Cost
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Posted by Bill Smith on February 25, 2004 at 12:28:21 from (63.147.130.43):
In Reply to: Re: Re: Fifty Year Ago Cost posted by Steve from Mo - worse tha on February 25, 2004 at 11:55:18:
Couple things. First, just wanted to say that, sounds like the super M sold for more than I guessed. Second, you are absolutely correct. Government only has a percentage of the money actually printed up/stamped out. Heard the percentage at one time, and it was supprizing how small of percentage it actually was. The rest is just numbers typed into a computer so to speak. We was drinking beer and talking about the future one time. I made the comment that an average new vehicle will cost around $200,000 in 30 years. They laughed at me. I was just going by history. Take an average cost of a vehicle 30 years ago. You about got to multiply by 7 to come up with today's prices. So take today's prices times 7 to come up with prices in 30 years. $200,000 sounds in the ballpark. The scarry thing is, what will happen to our money system in the future when you talk about astronomical figures like that. Probably looking at a hole new money system between now and then. Alot of country's have had there money systems ruined because of inflation. Hope it doesn't happen here, but I can see some problems already.
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