Maverick: Top Gun has generated outstanding box office earnings. Some are claiming the earnings are the fifth best in movie history. Yet, when adjusted for inflation, Maverick drops from #5 to #122. Shown below is the middle of a table
For the first time in 12 years, Federal Reserve reduced the money supply/quantity. It was reduced by 0.39% month-over-month, from April to May. The last time this happened was in 2010 when it was reduced by 0.45% The table below
I traded a 1/5 silver round for a watermelon last week. I used a round purchased from Citizens for Sound Money. I brought along the pricing and lesson sheet below to explain to the other trader how silver pricing works.
The Problem & Solutions
The item used as money, Federal Reserve ‘dollars’, increases in quantity dramatically year to year and simultaneously loses value. These new dollars take value from all existing dollars, like the ones listed in your bank account. (see graphic)
Why do prices rise? Since the value of the dollar decreases, companies raise their prices to get the same value. You’re not paying more value, but you have to pay more dollars because the dollars (the money) is worth less.
If every year we become more efficient due to new technology and new production methods, should things cost more or less? Things should cost less. And the cost of things does fall, but the value of your money falls faster, so prices rise. Your money is worth less because banks create more each year. You need the freedom to choose other money. You need monetary choice. Continue
Inflation is when the amount of money increases. Inflation is not rising prices, though prices usually rise after inflating. When gold was used as money, a huge gold discovery increased or inflated the quantity of money. These days it is banks that create and inflate money. The U.S. inflation rate has been 12 percent per year since 2006. Your salary and savings are worth 50 percent less. Continue