Inflation = currency debasement. As debasement speeds up so does inflation.
An obscure property bought in 1992 for $100k, now = $498k; 398%/31yrs = 12.8% inflation.
Gold: 350 in 1992 & 1,964 today = 461%/31 yrs = 14.88%.
Little used objects of value prove what inflation is.
https://x.com/thomas_fahrer/status/1724350498793550119?s=46&t=BCZ86Q6VE35kiDHSK1Vf6w
kane / Kane McGukin
npub13j…2s940
2023-11-14 16:53:43
Author Public Key
npub13j76fjsmfz3wdfqd5cv3a7cwf3l8stgc5xyfllayyrsa9yrg4nfss2s940Published at
2023-11-14 16:53:43Event JSON
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"content": "Inflation = currency debasement. As debasement speeds up so does inflation.\n\nAn obscure property bought in 1992 for $100k, now = $498k; 398%/31yrs = 12.8% inflation.\n\nGold: 350 in 1992 \u0026 1,964 today = 461%/31 yrs = 14.88%.\n\nLittle used objects of value prove what inflation is.\n\nhttps://x.com/thomas_fahrer/status/1724350498793550119?s=46\u0026t=BCZ86Q6VE35kiDHSK1Vf6w",
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}