My McDonalds wage in 1995 bought 0.4oz of Gold per week. Today that would be like earning $58 an hour. 🤔
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#gold is your real world inflation rate. Since 1971.
that's crazy, can I ask how much was it approximately in fiat? at 58$ an hour today just 3 days is more than probably most people in my country
Life gets progressively worse on a fiat standard.
Not to mention that you probably paid, say, 20% in income taxes back then, but today at $58 you would probably pay 40% in income taxes!
They inflate the money and push us to higher tax brackets. Satanic pedophiles!