I have watched the US dollar all my life and I have never seen anything like it is now.
During the war you could get a loaf of bread for 10 cents,, I got a dime a week for helping my dad do the dishes after a meal and keep the wood box full of wood for the kitchen stove,
I would go to the Matinee on saturday afternoon for 9 cents and get a big piece of fudge candy for that 1 penny change.
Now what does it cost in the US to go to a movie $5 or $10? I treally do not know as I have not been to a movie theatre in 30 years.
Used to be in 1962 that they quit taking out social security at $4,800 gross,, now it is about $160,000 gross.
I could make $400 a week and more by working overtime on construction jobs as a welder/mechanic on heavy equipment, and half my pay went into a savings account,, now try to make blue collar wages and save 50% of your gross, fucking income tax will be over 50% if you make good money.
Gasoline at 20 cents a gallon,,now it is $4 or 5.
I believe this article.
National Inflation Association
U.S. Hyperinflation Possible By Year 2015
Posted: 03/17/2010 00:51:27
We are now at a point where if the U.S. government taxed Americans 100% of their income, the tax receipts generated would not be enough to balance the budget. Likewise, if the U.S. government cut 100% of its spending including defense, but kept paying Social Security,
Medicare and Medicaid, we would still have a budget deficit. NIA believes it will be impossible for the U.S. to have a balanced budget ever again.