A new sports stadium is being built on the site of the old one, the Robert F. Kennedy Stadium in Washington D.C., at a cost of $4 Billion. The old stadium was built in 1961 and at 64 years old, needed to be torn down. It cost $24 Million to build. The new stadium will be the same size as the old stadium. So, $24,000,000 for the first one, $4,000,000,000 for the second one of the same size.
In 64 years, the practical value of the Dollar has gone down to where it now takes $166.66 to buy what $1.00 used to.
Does that explain why there’s so many Billionaires now? It’s not that so many people are getting richer than ever, it’s that the Dollar is getting more valueless than ever.
When Pres. Abe Lincoln was a young man, around 1830 or so, 2 cents would buy a hand-knit pair of wool mittens from wool that was hand carded and spun into thread. What would that cost today?
The more money in circulation, the less value it has, so governments print more to make up the difference instead of destroying more to increase it’s value.
They do this because they want to spend money on projects that they make profits on, usually from kickbacks because politicians are generally corrupt, because almost all of them are lawyers who make all the rules the rest of us are forced to live under.
Any questions?