Has Dollar Has Lost Half Its Value in the Last Few Years?

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Commentary by Gary Gileno: A package of 600 Great Value paper napkins purchased several years ago from WalMart cost $3.97. The same brand a few years later was the same price, but there were only 500 napkins. Last week, the same brand in new packaging still cost $3.97, but the napkin count was 300. The cause of this is the Federal Reserve which creates more dollars each day chasing the same amount of goods, so it takes more dollars to buy them. Manufacturers, instead of showing the rising price, choose to reduce the quantity or quality of their goods, and most people thereby are not aware of how severe inflation actually is. The US now is $22 trillion in debt as a result of creating that extra money. Gileno thinks that, just before the 2020 election, the Fed will crash the economy, and the media will blame capitalism and Trump. He says the leftists then will take power and implement hard socialism. Very pessimistic scenario, but there is considerable evidence to support his prediction. -GEG

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How Much Value Has The Dollar Lost Recently? - Paper Source Online

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Has Dollar Has Lost Half Its Value in the Last Few Years? | WeAreChangeTV.US

[…] 23, 2019 Grindall61 No Comments This post was originally published on this […]

john
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john

Inflation since the 1960’s As a child shopping with mom the 1000 sheet roll of scott toilet paper was 6 cents. Today that same roll is $2. I know this because I have a moisture filter and it uses this size roll. I change it once a year and I am amazed how little the dollar is worth. In fact a 100 spends less than 10 did as a kid. Once Nixon took away all gold redeem ability in 1971 the dollar has been nosediving and you only need to look at prices for things in old periodicals an magazines.… Read more »

George French
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George French

I always said as a means to control hyperinflation, money should be printed on toilet paper because it has a minimum intrinsic value. Since the dollar is the global reserve currency, paper towels seem to be a nicer approach. The local head of state would prefer to not have his or her face on the currency so they might be obligated to keep it strong.

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Today's News: January 24, 2019 - The Power Hour Radio ShowThe Power Hour Radio Show

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