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Sign Up Now!An interesting exercise is to go on your preferred AI and ask it to calculate the prices for housing, education, insurance, clothing, food, medical care, vehicles, etc in 1971 and then adjusted for inflation in 2025. The only thing that I could readily find that was "cheaper" today than in 1971 was airline tickets. I would argue that I'm not sure that's any cheaper either, because a coach airline ticket in 1971 is equivalent to a first class ticket today. Even clothing, which I thought for sure would be cheaper, was slightly higher despite 10 year old Chinese kids making it for a dollar a day.It gets worse!
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Housing and medical has way outpaced inflation. Vehicles to a lesser degree. Most other stuff (food, clothing, electronics, etc) is less.An interesting exercise is to go on your preferred AI and ask it to calculate the prices for housing, education, insurance, clothing, food, medical care, vehicles, etc in 1971 and then adjusted for inflation in 2025. The only thing that I could readily find that was "cheaper" today than in 1971 was airline tickets. I would argue that I'm not sure that's any cheaper either, because a coach airline ticket in 1971 is equivalent to a first class ticket today. Even clothing, which I thought for sure would be cheaper, was slightly higher despite 10 year old Chinese kids making it for a dollar a day.
The government has lied to us for 50 plus years when it comes to inflation. They manipulate the CPI, they've changed the calculation around 30 times since 1980, and it is nowhere near reality. Bureaucrats realized once fiat became the norm that they had to manipulate CPI because COLAs we're tied to it, and annual GDP growth rates adjusted for inflation, would be higher if they held down the inflation rate.
The government is incentivized to lower CPI artificially through mathematical manipulation.
Food and clothing were not less according to copilot. Both were slightly more which surprised me. I figured the move to corporate production in Ag and Chinese slave labor for clothing would have made a big difference, but it hadn't.Housing and medical has way outpaced inflation. Vehicles to a lesser degree. Most other stuff (food, clothing, electronics, etc) is less.
Just do things like.Food and clothing were not less according to copilot. Both were slightly more which surprised me. I figured the move to corporate production in Ag and Chinese slave labor for clothing would have made a big difference, but it hadn't.
Electronics is a broad category, but I'm certain that would be less.
We've been lied to.
Just do things like.
Milk 1971 - $1.32
Inflation 8x - $10.56
Milk 2025 actual $4.38
I dont know what you think you've been lied to about. Have administration's changed the calculation to make themselves look better/not as bad? Sure. You also have technological changes that change what people are spending money on.
I don't think the point you're making is nearly as meaningful as you think it is.
Jamie Dimon's gonna be down there hoovering em up, himselfGonna need those deep sea potatoes, imo.
Dimon positioning himself for a presidential runJamie Dimon's gonna down there hoovering em up, himself
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JPMorgan unveils $1.5 trillion plan to boost investments in US strategic industries
JPMorgan Chase launched a $1.5 trillion plan on Monday to facilitate, finance and invest in industries deemed critical to the U.S. national security and economic resilience, including defense, energy and advanced manufacturing.ground.news
"Just buy Gold, Guns and stock in Defense Corporations." -- my boomer Dad who thinks he is a fucking genius right now
Edit: he also has been buying Walmart and McDonalds my entire life... he also thinks he is Warren Buffett for this
they've changed the calculation around 30 times since 1980
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Shadowstats.com was a nice read before they locked it down on subscription. An economist has calculated CPI on the 1980 and 1990 scales for years and compares it to the current figures to show how much it has changed. We didn't peak at 9% in 2022, we peaked at near 18% per the 1980 data.
In the early 80s, the government bean counters quickly figured out that we could not continue to pay out COLA at the rates that CPI was calculating. And our annualized GDP growth is hammered by high inflation. So they've changed it over 30 times in the last 40 years, because it lowers expenses and raises inflation adjusted growth rates.
On an unadjusted basis,
A 1971 dollar is just under 8 dollars today
Gold is 120x higher
Housing is 18x higher
Medical insurance is 70x
A four-year college degree is 23x
Vehicles are 14x
Groceries are 8x
Clothing was 5 to 6x although it gave me a higher estimate the last time I checked.
Avg housing costs are 5x the household median income today. It was 2.5x in 1971.
45% of families in 1971 were dual income while 60% are today. Households are making more, but the buying power is much less. We're working more hours, longer and harder, for less.
They can hide, but ultimately they will not escape the M2 math.
Gold is telling us how much the dollar has really devalued.
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Housing and medical has way outpaced inflation. Vehicles to a lesser degree. Most other stuff (food, clothing, electronics, etc) is less.
The console television example.... Now do housing, healthcare, education, insurance, and autom0biles.... or precious metals? The biggest changes to the calc, which came between 1980 and 1990, were well prior to internet impacts. The introduction of substitutionary adjustments... i.e. Hamburger for steak... Housing (rent) index adjustments , and hedonic adjustments which identified "improvements" to products so as to discount the inflationary impact of their price increases.No shit. They've changed the calculation because it would be fucking stupid to use the same formula today as in 1980. The balance of household expenses has changed massively since then. Food and clothing used to be a far larger portion of the average family's expenses than it is today. Same with pretty much anything we import from China these days, stuff like furniture and TVs are cheap as fuck compared to what they used to be. Conversely, how much do you think the average family was spending on Internet access and cell phones in 1980?
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What a loser this guy is^Sold my D-Wave (QBTS) today. Was hesitant, but I’m happy with the gains
Woulda, coulda, shoulda… mostly sucks because I had a fair number of shares at a pretty darn good price. But it’s been a damn good year, so I won’t beat myself up too much![]()
Going to send this again. Prayers