Well I dont see how the largest standard of living increase is attached to devaluation of gold,when gold is at 300 dollars an ounce(in 1999) and it was 35 dollars an ounce in 1971.Hmmmmm,if you devalued gold wouldnt it be less than 35 dollars an ounce,wouldnt it?Whats been devalued is the value of our currency.In other words it takes 300 dollars worth in paper currency to buy 35 dollars worth of gold in 1999.Somehow thats off.The price of gold in 1999 was about 300 dollars an ounce,so its being manipulated again since the price today is 875.
I really hate to say this since that looks like we are being set up for the price of everything to more than double again.I really hope that doesnt happen and its just crooks getting away with manipulation because of no regulation.
The higher standard of living is false if you consider it takes mom and dad working to raise kids and what they have is a car with airbags maybe and more channels to watch on TV since cable had not got started yet when this all began.Maybe a new house if they are lucky,They would have to have 300 dollars in their pocket to have close to the 35 I usually had left before the"inflation"hit.Not many young folks working have 300 in their pocket today each week.I will say lots more people own or are buying a house than could when I was young,that was an improvement.Something about the way money is devalued is off somewhere.If you had 300 left a week in todays world you would be doing pretty good.35 in yesterdays world would not get you as far.I guess the price of things was actually higher.Probably because we didnt have as much stuff from China here yet.I dont know where this all comes out,I guess if you think having a bunch of cheap junk from China is better than having stuff made in the USA,you could say we have a better standard of living.Not if you want to start a business.You had more opportunity then.I dont know,there were some improvements,but I think they were somehow an accidental result of things that long needed changing.There was corruption before,it just wasnt everywhere maybe.If you can figure out how much corruption costs us then maybe we could see how much we lost.Its either around twice as bad less or more a little than it was with gold basing our currency.Currency is devalued by at least 10 times,so Im not coming up with a reason for that even happening.I guess its because of inflation on everything,but some things cost more than others,some areas are worse than others.The bottom line is you dont make as much real money as you did in 1974,when real wages were 4 dollars an hour,as you would now.Not sure what you would say for wages now,probably 24 dollars an hour if both parents are working.Taxes and insurance take a big hunk so thats misleading.
An accountant or smart person can look at all this and come up with where we are a lot closer than me,but its not hard to see we are behind by at least half of the wages,probably more.If you use todays numbers its scary,and not hard to see its a house of cards.If it falls again,for a while people will only have a quarter of the buying power of 1974 wages.Thats not fair to make working folks have less and less so people that already are rich can have more and more.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
