Archived posting to the Leica Users Group, 2012/10/15
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]That's why people convert cash to gold. On Oct 15, 2012, at 2:55 AM, Frank Dernie <Frank.Dernie at btinternet.com> wrote: > 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 > > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information