(Gold Vs Paper Debate) Ron Paul Co Hosting CNBC’s Squawk Box – April 23rd 2012
Comments are kinda nasty….
Even conservative inflation charts say we have lost 80% of the value of our US Dollar!
Just like compound interest compound inflation grows faster and faster. The average annual inflation since 1913 is "only" 3.24%. See Average Annual Inflation Rates by Decade But as you can see from the chart above compounding something for almost 100 years at 3.24% will result in over 2000% inflation. The Consumer Price index (CPI-U) for January 1913 was 9.8. The CPI-U for April 2011 was 224.906. This means that something that cost $9.80 in January of 1913 would cost $224.91 today! If that isn't bad enough, actually the situation is even worse than that. If you look at the chart carefully you will see that inflation was fairly steep during the "teens" from 1913 - 1920 actually almost 100% (See: Total Inflation by Decade). Then during the 1920's and 1930's inflation actually declined. The CPI-U index stood at 13.9 in January of 1940. So actually most of the 2000% inflation occurred since 1940