Loading ...Greg Hunter (usawatchdog.com) just showed a graph today of the price of a can of tomato soup .
For many, many decades , a ‘silver’ dime paid for a can of soup , then from 1971 until now the price increases went exponential thanks to the Fed and fiat $$$ .
I was hired by that nuke supplier for a wing of it in Belgium in the mid-70’s as inflation was ramping up .
I rented a beautiful apartment looking down on a large park with lagoons . The government calculated the rate of inflation and my salary (paid 14 months a year , doubled in Dec. for Christmas and again in summer for vacation ) was indexed – every month I received an increase by the amount of the index . Great ! But so was my rent by the same index rate . Bummer !
Three years later I was transferred to the USA at a 30% reduction in salary – but lived better for less .
In the 60’s I lived in Switzerland , then France . At the time , I was getting 4 Swiss Francs per $ , then 4.3 French Francs per dollar . Two decades later (pre-Euro) I returned to France on business and got 8 French Francs per dollar . Today the Swiss Franc is worth more than a dollar ! A dollar buys about 0.9 SF , I think .
Mr. Copper – it all goes back to gold (and silver)
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