Posted by: Kathy White | September 20, 2010

Whatever … It’s only Money

  1. A dollar from 1950 is now worth only $0.12 — And a dollar from 2009 is worth only 50 cents, but I’m just guessing.
  2. The term “inflation” is from the Latin term inflare, meaning to “blow up or inflate,” and it was first used in a monetary sense to describe “an increase in the amount of money” in 1838. Today, economists argue over the definition of inflation but generally agree that it means a continued rise in prices while the value of money declines. — So why don’t they just call that “You’re Screwed.”
  3. The inflation rate is the percentage increase in the price of goods per year. For example, if the inflation rate is 2%, then a $1 candy will cost $1.02 in a year — and after that, it’ll only get worse.
  4. Twenty-eight hyperinflations have occurred in the 20th century, with twenty happening after 1980. — When was that Reagan guy elected? Oh, right. 1980. Happy Reaganomics everyone!
  5. The term “gold” is the from the Proto-Indo-European base *ghel / *ghol meaning “yellow,” “green,” or possibly “bright.” — How about it means rich? That work?
  6. Gold is so rare that the world pours more steel in an hour than it has poured gold since the beginning of recorded history. — Is that Christian recorded history or the regular history everybody else follows along with that includes big bangs and dinosaurs.
  7. Gold has been discovered on every continent on earth. — So has dirt but it ain’t worth anything. Hmmm.
  8. Gold melts at 1064.43° Centigrade. It can conduct both heat and electricity and it never rusts. — It also can cut through a soda can and right after that cut through a tomato. Oh, wait… that’s the ginsu knife. Never mind.
  9. Due to its high value, most gold discovered throughout history is still in circulation. However, it is thought that 80% of the world’s gold is still in the ground — that explains all those people trying to find gold now that the dam has been taken down. Good luck with that.
  10. Seventy-five percent of all gold in circulation has been extracted since 1910. — Wait, maybe they’re on to something. Where’s my overalls?
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Responses

  1. You’re just a hot bed of new information. And you know when you’ll be saying, “I’ll take gold for 600 Alex.”


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