Money - Past, Present and Future
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@cedi1985 That's pretty negative.
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whats the sense telling us all this when none of us listening to your commentary will be alive to make this kind of money. "but all in all"
earths resources would not be sufficient enough to maintain such a massive population to cultivate such mass wealth. if we make it out of this century i dont think we will survive the next.
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Wouldn't the gold salary stay the same? Gold can't be 'printed', so it doesn't inflate. An average salary of 1oz gold per week should remain the same over time, shouldn't it?
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By the year 2019 the income on average will be over 100 000 dollars, it has to be it.
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would be interesting to see the salaries in ounces of gold. (1970 i think gold was like $30/oz so say 100 ounces per year, 2008 gold was say $1000/oz, so about 27 ounces per year)
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...1 million-trillion is 1 quintillion.
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Great presentation, Derek. I think this should get people more aware of the problems we have with debt and inflation, gives more perspective when you see the numbers out there like that.
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Another grid vid. keep it up.
peace
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there are two types of lies, bold face, and statistics! what was the increase per year.. averages tend to cause false numbers, expecially when its over short term. break it down to a per month from 1967 to 2009, i'll bet its a little different.
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So the currency has to be devalued ?
DavidAKZ 2 years ago 3
great work with the numbers
jetztisfeierabend 2 years ago