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What effect does a devalued dollar have on precious metals?
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<p>[QUOTE="ctrl, post: 1369190, member: 13378"]You realize you are the one comparing against Great Depression years, don't you? Just stop. All the rest of your post about people who you (broadly, incorrectly) assume cannot afford $2.86 for bread simply does not compare to your comparative time period of 1930 or 1933... seriously. 25% unemployment, 65-75% underemployment, millions dying from famine... and yet no fiat money anywhere to be seen.</p><p><br /></p><p>To touch on just one of your other "points", for those not making enough to pay income tax now, that's because of all the breaks/credits/deductions, and includes plenty of people who make boatloads of money as well as the very poor. You are dishonest trying to use that 25 million number wholesale like that to say all those people cannot afford a loaf of bread.</p><p><br /></p><p>Gradual inflation is offset by gradual wage increases with expanding money supplies.</p><p><br /></p><p>My point about the relative affordability of the bread remains.[/QUOTE]</p><p><br /></p>
[QUOTE="ctrl, post: 1369190, member: 13378"]You realize you are the one comparing against Great Depression years, don't you? Just stop. All the rest of your post about people who you (broadly, incorrectly) assume cannot afford $2.86 for bread simply does not compare to your comparative time period of 1930 or 1933... seriously. 25% unemployment, 65-75% underemployment, millions dying from famine... and yet no fiat money anywhere to be seen. To touch on just one of your other "points", for those not making enough to pay income tax now, that's because of all the breaks/credits/deductions, and includes plenty of people who make boatloads of money as well as the very poor. You are dishonest trying to use that 25 million number wholesale like that to say all those people cannot afford a loaf of bread. Gradual inflation is offset by gradual wage increases with expanding money supplies. My point about the relative affordability of the bread remains.[/QUOTE]
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