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Inflation Calculator
- Thread starter Salty
- Start date
The national debt is now 16.7 trillion
but you can still use the inflation calculator for amouts as low as a dollar.
My first pay check in the Army was 124.50/month. In 2012 that would be $726.12
The current pay for an E-1 is 1,516.20 - that would have been 259.97 in 1970 dollars
but you can still use the inflation calculator for amouts as low as a dollar.
My first pay check in the Army was 124.50/month. In 2012 that would be $726.12
The current pay for an E-1 is 1,516.20 - that would have been 259.97 in 1970 dollars
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If I put in the year of the economic stimulus package and the QE1, namely 2009 and compare the value of $100 in 2009 to $100 in 2012 (that's as far as the calculator goes) the result is $106.74.
That's $6.74 over 3 years. Hardly inflationary, and probably driven mostly by fuel prices.
So where is this hyper inflation I've been hearing about from the right wing for the past 4 years?
That's $6.74 over 3 years. Hardly inflationary, and probably driven mostly by fuel prices.
So where is this hyper inflation I've been hearing about from the right wing for the past 4 years?
Inflation has been delayed by the high rate of unemployment. As more people get jobs, inflation will return. In addition, fuel prices are artificially high because of our poor energy policies. I think that even Bernanke realizes that he cannot print much more money without immediate consequences. That sets aside the question of the stock market--which is very high and the question is does that reflect true value or the worthlessness of paper money? I have seen a lot of recessions because my family was in railroad work and they had slowdowns with every industrial recession but this is the worse recession that I have ever seen and there aren't even many factories left in Indiana. The national debt never will be paid off in my opinion.
We all know that Bernanke is going to stop buying bonds (stop printing money) and start to raise interest rates. It will be the biggest non-surprise in recent history. We can only hope he gets the timing correct.
It's mostly true value with some artificial propping up. Corporate earnings are strong, balance sheets are strong. The propping up is happening because with interest rates so low, investors can't get income from bonds so they flock into the stock market. When interest rates start to rise some of these people will leave the market. If the exodus is orderly and slow, no real effect on the market. If it's a stampede...not good.
It need not be paid off, but it needs to be severely reduced. The US is an ongoing economic engine that can continually carry debt. It's not like a family with a 30 year mortgage and only X number of earning years to make money to pay it off.
Wow, good plan. Only took 100 years and all the conspirators and their offspring are long dead.
poncho
Well-Known Member
They may be dead but the business of putting nations in debt and keeping them there never goes out of fashion. It does become "normalized" though and it grows, now it's private global banks dealing out the debt and sucking up the real wealth. Welcome to the new global economy. Free market it ain"t.
Good workable plans never die they just get passed on from one generation to the next. CLICK HERE.
Good workable plans never die they just get passed on from one generation to the next. CLICK HERE.
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InTheLight, I think that you have been talking to my old friend Rosie Scenario.