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Inflation - Crash Course Chapter 11


 -- Published: Monday, 1 September 2014 | Print  | Disqus 

Our devaluing dollars are a historically recent phenomenon

Chapter 11 of the Crash Course is now publicly available and ready for watching below.

For close to 300 years, inflation in the US remained very subdued. Small spurts occurred around major wars (Revolutionary, Civil, WW1, etc), but after each, inflation quickly trended back down to its long-term baseline. If you lived during this stretch of time, your money had roughly the same purchasing power your great-grandfather's did.

But something changed after inflation spiked yet again during World War 2. With the permanent mobilization of the military industrial complex and the start of the decades-long Cold War, combined with a related acceleration in government deficit spending, inflation did not come back down. It remained elevated, and in fact, rose further.

That is, until the "Nixon shock" in 1971, when the dollar's remaining ties to gold were severed. Then inflation EXPLODED. And the inflationary moon-shot has continued since, up to present day.

So, we've become used to a system in which our money loses purchasing power over the years. For anyone aged 50 or younger, it's pretty much all we've ever known.

But it doesn't have to be this way. Indeed, our country did fine for centuries without systemic continual chronic inflation.

So why do we accept it today?

For the best viewing experience, watch the above video in hi-definition (HD) and in expanded screen mode

Coming next Friday: Chapter 12: How Much Is A Trillion?

For those who simply don't want to wait until the end of the year to view the entire new series, you can indulge your binge-watching craving by enrolling to PeakProsperity.com. The entire full new series, all 27 chapters of it, is available -- now-- to our enrolled users.

The full suite of chapters in this new Crash Course series can be found at www.peakprosperity.com/crashcourse

And for those who have yet to view it, be sure to watch the 'Accelerated' Crash Course -- the under-1-hour condensation of the new 4.5-hour series. It's a great vehicle for introducing new eyes to this material.

Transcript 

We’ve got one more key concept to share before we go deeper into current economic conditions: Inflation.

Most of us think of inflation as rising prices, as if it were things becoming more expensive, but that’s not quite right.  It's actually your money losing value.

Imagine if one year an apple and an orange are a dollar each, but next year they are ten dollars each.

Since you enjoy eating apples and oranges the same amount in one year as the next, then they will be exactly the same next year as this year. 

But next year they will cost ten times as much, which means that the only read more


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 -- Published: Monday, 1 September 2014 | E-Mail  | Print  | Source: GoldSeek.com

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