Many People Are FLEEING Their Cities and America Too! Where Can You Go?
Globally, it is apparent that money’s value cannot be acknowledged by the numbers printed on a currency note. It can never be an indicator because each currency has a different worth within its own country as well as comparing to the currencies in other countries. To associate the value of a currency, we must measure it against real goods. All currencies have declined against real goods as time goes on. Each one has failed to keep its purchasing power throughout time. This is courtesy of central bankers.
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chartoftheday_14091_average_working_hours_in_selcted_cities_n.jpg (960×684)
Global cities ranking 2018 | UBS Prices and Earnings
https://www.ubs.com/microsites/prices-earnings/en/explore/?category=Working%20time%20required%20to%20buy%E2%80%A6&indicator=General_Working%20time%20required%20to%20buy%E2%80%A6_Big%20Mac%2C%20net%20(minutes)
a60947536d35b1d939416d4cd8684ecb-2480.jpg (2480×960)
Global cities ranking 2018 | UBS Prices and Earnings
https://www.ubs.com/microsites/prices-earnings/en/explore/?category=Domestic%20Purchasing%20Power&indicator=General_Domestic%20Purchasing%20Power_Net%20(New%20York%20%3D%20100)
Global cities ranking 2018 | UBS Prices and Earnings
https://www.ubs.com/microsites/prices-earnings/en/explore/?category=Earnings&indicator=Earnings_Working%20hours%20and%20vacation%20days%20(average)_Work%20per%20year%20(hours)
Bay Area: 46 percent of residents want to leave, poll says | The Sacramento Bee
http://www.sacbee.com/news/business/article212449489.html
California city fights poverty with guaranteed income | Reuters
https://www.reuters.com/article/us-california-income/california-city-fights-poverty-with-guaranteed-income-idUSKCN1J015D
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Of course it does Fiat currency will always be devalued until it finally reaches its intrinsic value of zero.
All value is subjective. Nothing really has intrinsic value, but I get your point. I suppose in a perfect world, fiat currency could have value, but the problem is that central bankers are human and are always going to cheat the consumer and water down the currency as time goes on, until the value is zero, as you say.
Groceries is where it really shows up , and them changing packaging to reduce quantity for the same price can’t be cheap . And gas has been creeping up again . Great report .👏👍