Archived posting to the Leica Users Group, 2012/10/15

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Subject: [Leica] D800E pixel-peepers
From: Frank.Dernie at btinternet.com (Frank Dernie)
Date: Mon, 15 Oct 2012 08:55:05 +0100
References: <F5DB9C33-C536-4925-8E62-999A75DC19EA@bex.net> <3E3AC7A2-704B-45E0-8358-7EB69791635E@bex.net>

Here in the UK from 1972 to now the loss of value of the ? is at least 20x, 
for a house more like 30 to 40x.
IMHO inflation is a big problem, little addressed by governments or banks, 
since it suits their business plan, but a catastrophe for the rest of us who 
have saved for retirement.
Having a situation where currency is worth less and less is truly absurd 
since money was invented as an exchange token to offset bartering time 
differences. It is nowadays treated like a commodity worth having in itself, 
and manipulated by greedy ruthless b*stards.
FD

On 14 Oct, 2012, at 23:36, Howard Ritter <hlritter at bex.net> wrote:

> Sorry, that should have been "conversion factor is close to _15 or 20_", 
> meaning the number of dollars required to buy a given German commodity in 
> 2012 that cost $1 in 1966.
> 
> ?howard



Replies: Reply from robertmeier at usjet.net (Robert Meier) ([Leica] D800E pixel-peepers)
In reply to: Message from hlritter at bex.net (Howard Ritter) ([Leica] D800E pixel-peepers)
Message from hlritter at bex.net (Howard Ritter) ([Leica] Fwd: D800E pixel-peepers)