You make the point very clearly that the dollar dose not follow the gold standard. So why use it to compare inflation. A better way of doing this would be compare how much things cost like a can of Coke a big Mac things that people actually bye. Gold has gone up in price because of a lake of confidence in central banks ability to pay there debt! Yes inflation is a problem the world over but gold is not a good comparison.
@N8Revolution ron paul is the antichrist, hes a HUGE hoax and set up to everyone, just like alex jones, david icke, and all those type of poeple.
ovechkin100 3 months ago
RON PAUL 2012! Save the Dollar! Save America! Save the World!!!
N8Revolution 4 months ago
RON PAUL 2012! Save the Dollar! Save America! Save the World!
N8Revolution 4 months ago
update... $23,355.00 today......is there a "For Sale" sign out the front of Fort Knox yet ?
would be a good place for paintball, all those empty rooms
sorry to sad to be serious :(
leel66 6 months ago
You make the point very clearly that the dollar dose not follow the gold standard. So why use it to compare inflation. A better way of doing this would be compare how much things cost like a can of Coke a big Mac things that people actually bye. Gold has gone up in price because of a lake of confidence in central banks ability to pay there debt! Yes inflation is a problem the world over but gold is not a good comparison.
hardfishs 9 months ago
Great video you speak the truth! To think think gold now is almost at 1500$ an oz! I don't see any drop in gold and silver any time soon.
93FordGt 9 months ago
The relative worth of $20.00 from the year I was born, 1970 to 2009:
$110.00 using the Consumer Price Index
$90.20 using the GDP deflator
$116.00 using the value of consumer bundle
$114.00 using the unskilled wage
$133.00 using the Production Worker Compensation
$181.00 using the nominal GDP per capita
$272.00 using the relative share of GDP
KenMacMillan 1 year ago
This is a very accurate summary of what are economy has come to today, and its absolutely mind blowing. please watch this video i enjoyed it
nathan263499 1 year ago