How far $20

[Loopy Legend]

Just how far does $20 get you these days, i mean a while back it would get your family a great steak home cooked meal. These days you cant do that for $20, as everything seems to only going up, well eveything minus our wages lol.



What do you guys think on this point??

 

[Nebulous's iconNebulous]

Inflation is pretty depressing but it happens. As far as our wages... People do get paid more than they do years ago. Here in California our minimum wage is $8 an hour. 5 years ago it was $5.75 an hour. But I think that inflation is rising at a faster rate than our wages.

 

[Loopy Legend]

Tell me about it and the current finacial state of the world doesn't help either



But good news for us aussies we leading the way in recovery, with 4 of th 9 banks round the world still with AAA rating and our country nearly out of recession and we actually on the rise wih our economy

 

[identityissues8]

Inflation is pretty depressing but it happens. As far as our wages... People do get paid more than they do years ago. Here in California our minimum wage is $8 an hour. 5 years ago it was $5.75 an hour. But I think that inflation is rising at a faster rate than our wages.

This exactly.

 

[Abe Froman]

Tighten those seatbelts, because the world is about to enter round two of the global currency collapse, and it's gonna be a bumpy ride.

 

[identityissues8]

Tighten those seatbelts, because the world is about to enter round two of the global currency collapse, and it's gonna be a bumpy ride.

How do you figure this?

 

[Abe Froman]

Because I'm not ignorant (not saying you are in the slightest, so don't take it as that). The US dollar is as consistent as CyberChaos making sensible posts, it's up and down multiple times a day. The US dollar is also the world currency for international trading, so lets consider this..



The world trading dollar is based on a consumer driven economy (of 70% consumer revenue for the feds per annum). This government relies on its money being spent, borrowed, lent, and earned, and with more and more losing their jobs, its harder for people to buy things, thus making the money go lower, and lower.



This collapse is happening on a global scale, not like the former USSR when it was just them. I can elaborate further if you want Sayf. Not sure if I was clear enough, it's early.

 

[identityissues8]

I was just looking for your view.

I wasn't insinuating anything or questioning you. Economics, or the USA's ecomomic systems (and a lot of their other 'sytems') isn't my strong suit at all.

Thanks for your insight.

 

[Abe Froman]

No worries. Capitalism isn't my preference as well.