Friday, March 08, 2013

What $20 gets you from 1998 to 2012...

I found this graphic at the FB page Culture of Black Chicago. It basically illustrates what a $20 bill could get you as far as groceries. As it turns out from 1998 to 2012 increasingly you get less groceries for $20. Perhaps you might get 5 items for that amount by 2012.

This comment probably explains what is going on in the ensuing 12 years:
it's only gonna get worse if folks don't wise up and get involved in a business that's gonna greatly increase their income. Nobody is holding the FED accountable for this mess. Anytime you continue to print money and flood our economy with paper that's not backed by anything real, you cause inflation. gas & food prices rise.
Now this causes me to do research on economic issues. In the circles I converse with online they complain a lot about inflation and fiat currencies. They wish for a return to the gold standard.

I wish there were some stats that accompanied this illustration.

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