The value of a dollar is not what is was 10 years ago. Ten years before that (twenty years ago) the value of a dollar was even higher. 50 years before that it was a LOT higher.
I was contemplating postal stamps. I think they are around 45 cents now, I can remember when they were under 20 cents and in the early 1900s they were probably around a penny.
You cannot buy the same things today for the same money that you did 50 years ago or even 10 years ago or even five years ago. This is the objective proof that the value of money is ever decreasing.
I’m sure you have plenty of your own examples.
Why Doe The Value Of Money Constantly Decrease?
It has to because the entire monetary system is based on – well it is simply based on faith. The days when you could take your dollar into a bank and get an equivalent amount of gold or silver are long gone and they will never come back.
One of the reasons for this is that there is not enough gold and silver in the entire world to cover the currency that is out there.
As more money is printed the value of each dollar decreases. Central banks print money all of the time and they especially do so when the governments they support need them to do that.
At the same time the central banks make more and more off taxpayers through the interest they charge when they help the governments out.
Lower Level Banks And Lending
To complicate this matter further. Banks are given the legal right to create money that does not exist. When someone deposits $100 into a bank account. The banks are allowed to loan out 9 or 10 times that amount – depending on the current law. Even though the money does not technically exist!
And they charge people interest in exchange for? Nothing essentially?
So you see, they are also responsible for increasing the amount of money that is out there in the world. This further decreases the value of that particular currency – wherever it should exist.
Banks Lending Money That Doesn’t Actually Exist Seems Strange, Doesn’t It?
Clearly, stealing money from someone is against the law. But isn’t creating money a sort of theft in and of itself?
The legal right to create money out of nothing – think about what that means. Then you get to charge interest ( a fee) for that money. Kind of makes you want to open a bank, doesn’t it?
This is why the value of our money constantly decreases. This also has the effect of making it harder to retire because the money you have will be worth less in 10 years.
What are your thoughts?