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To: Maurice Winn who wrote (17186)3/21/2002 4:33:58 PM
From: westpacific  Read Replies (2) | Respond to of 74559
 
The dollar buys 90% less than in 1945.

My father bought a house for 25,000 in 1965 that now sells at 500,000.

That means when my kid is 30 years old, it will cost him 1M to buy that house.

We are stealing the future for our kids IMO. They will never be able to retire if they count on this system, or they will have to earn massive money and with China coming on the wages will never keep up.

If this is not inflation, what is - get out a wheelbarrow or get ready for 1000 dollar bills. 1, 5, 10, 20, and 100 dollar bills will only buy a cup of coffee.

Sorry my friend but the FED SUCKS.