DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - The Federal Reserve's Explicit Goal: Devalue The Dollar 33%

**Bxbhtjnr** · 02-08-2012, 02:44 PM

33% over 20 years is approximately 1.5% annual inflation. Does anyone think it will be that low?

Yeah, I had to think about this, while it's sort of mind blowing that they would come out and admit that this is their policy, it's really no different than how they've been doing it for decades now. According to the inflation calculator at westegg.com, what $100 could buy you in 1990 would require $165 in 2010, which is a 39.3% devaluation over 20 years. And what $100 could buy you in 1970 would cost $337 in 1990, which is a 70.3% devaluation over the previous 20 years! How is this policy any different, other than the fact that they're totally downplaying how much inflation there really will be!

02-08-2012, 02:44 PM	#10
Bxbhtjnr Join Date Nov 2005 Posts 347 Senior Member	33% over 20 years is approximately 1.5% annual inflation. Does anyone think it will be that low? Yeah, I had to think about this, while it's sort of mind blowing that they would come out and admit that this is their policy, it's really no different than how they've been doing it for decades now. According to the inflation calculator at westegg.com, what $100 could buy you in 1990 would require $165 in 2010, which is a 39.3% devaluation over 20 years. And what $100 could buy you in 1970 would cost $337 in 1990, which is a 70.3% devaluation over the previous 20 years! How is this policy any different, other than the fact that they're totally downplaying how much inflation there really will be!
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