NSFW Anon Archived We need to get away from a consumption based system (QRV)
submitted ago by 3030618?
Posted by: 3030618?
Posting time: 1.8 years ago on
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Archived on: 5/13/2019 10:00:00 AM
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NSFW Anon Archived We need to get away from a consumption based system (QRV)
submitted ago by 3030618?
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[–] 16732368? ago
Majority of the United States existence it wasn't a consumption based economy. This really all began once the Fed was enacted, thereby destroying the value of our money. In reality everything that's being produced now should cost even less than before, but inflation has outpaced innovation by orders of magnitude. Just to give you a rough idea, the average worker in 1947 with no highschool diploma earned $50 a week. An ounce of gold back then was $35. Even with the price fixing of gold currently that works out to almost $1900/week adjusted for inflation, and thats the low end, who knows what the real value of gold is currently. In this environment, saving money is penalized because inflation will just eat away at your purchasing power over time.
Once real money is reinstated, people will once again save their money / invest, because there will be incentive to do so. The phrase "save a penny, earn a penny" will once again hold meaning.