Purple-Days
Well-Known Member
Money is Funny... long ago known as 'Bread, man...' .
I'm gonna give you $100 . . . (of course this is fiction, but the numbers remain the same, for the . ...)
So you start with $100 or $1000 or whatever...
Today they announced an increase in the market of 4%... after what ??? Just asking... lets look at an example...
Take your $100 and reduce by 5%. .. = $95.00 ... right?... and the next day, wow, it's back up 5% and you feel great, right ??? I broke even.... $95 x 1.05 = $99.75
I'm thinking of calling it this 'Bread Standard'., but want no credit, it is what it is. (Rather than the Gold Standard...) . How many loaves of standard white 'sandwich' bread can you get for a buck? (you can't eat Gold) I wanted to check myself and asked Pammy, "how many loaves, when you were a kid, for a buck?" out of the blue... her answer matched mine.
I think this is a good tracker of our true standard of living. Maybe dollars or euros or yen aren't the best way to track wealth. ??? Comments... Give a year and how many loaves you got for your dollar (USD)...
BTW a famous economist said, the market is not the economy...
I'm gonna give you $100 . . . (of course this is fiction, but the numbers remain the same, for the . ...)
So you start with $100 or $1000 or whatever...
Today they announced an increase in the market of 4%... after what ??? Just asking... lets look at an example...
Take your $100 and reduce by 5%. .. = $95.00 ... right?... and the next day, wow, it's back up 5% and you feel great, right ??? I broke even.... $95 x 1.05 = $99.75
I'm thinking of calling it this 'Bread Standard'., but want no credit, it is what it is. (Rather than the Gold Standard...) . How many loaves of standard white 'sandwich' bread can you get for a buck? (you can't eat Gold) I wanted to check myself and asked Pammy, "how many loaves, when you were a kid, for a buck?" out of the blue... her answer matched mine.
I think this is a good tracker of our true standard of living. Maybe dollars or euros or yen aren't the best way to track wealth. ??? Comments... Give a year and how many loaves you got for your dollar (USD)...
BTW a famous economist said, the market is not the economy...