OTCPK:KRCLF - Post by User
Comment by
MaterialsManon Apr 02, 2023 1:05pm
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Post# 35374702
RE:RE:RE:RE:RE:RE:RE:It may have begun
RE:RE:RE:RE:RE:RE:RE:It may have begunSaw a stat today that reminded me of your post. This probably sounds unbelievable and it may require a fact check. Acccording to the piece I saw, the inflation rate while we were on the gold standard never exceeded 1/10th of 1% in any given year. Sounds impossible
Fact is, I spent part of my working career during that time period. We really did not care that much about getting a raise because nothing increased in price. At the time, one felt that to advance up the socio economic ladder was just a matter of time if you did the legwork and worked at getting an education.
You spoke of $2700 a month child care along with endlessly higher prices with the expectation of endlessly higher pay.
If an individual has getting a pay raise down to a science, that may work for them. Not everyone fallls into that category. Where I live, people on a fixed income are being evicted from their apartments because rents are going through the roof. Guess where they end up. Sidewalk tent cities. That's where. It seems that very difficult times are ahead no matter what. I feel that printing fiat currency ad infinatum is the biggest reason for these problems. That option would not have existed had we remained on the gold standard.