Loading ...@ Fullgoldcrown I Think Most Of The Whole World Has An Israeli Problem
If Oil keeps going up all other prices will go up, around the world, more inflation, and gold is a perfect inflation hedge. I still don’t know what the rush was to attack, unless Netanyahu is a status quo globalist, and wants to screw up the mid term elections.
P.S. the Fed Res can not raise rates to hold gold prices back anymore because cars and houses cost 20 times more than they did back before 1971.
A house was $40,000 and a new car was about $3,000, plus wages were higher. We can’t afford 18% mtg on a $800,000 house or a $60,000 new car
THE RUSH TO ATTACK WAS BECAUSE IRAN WAS ON THE VERGE OF GETTIN NUKES…THEY ADMIT IT OUTRIGHT…AND THEY HAD THE TECHNOLOGY TO CARRY OUT THEIR LONG TIME THREAT ..DEATH TO AMERICA. THEY ARE MANIACS…MANIACS CANNOT HAVE NUKES…PERIOD…WHATPART OF DEATH TO AMERICA DO YOU NOT UNDERSTAND….AND WTF ARE YOU TALKING ABOUT…18% MORTGAGE ? MORTGAGE RATES ARE IN THE 6% RANGE
WHAT DO YOU MEAN WAGES WERE HIGHER THEN?
AVERAGE MONTHLY WAGE IN 1970 WAS 500 …NOW ITS 6000….SO 11 TIMES
IF YOU ARE CORRECT AND A CAR WAS 3000 THATS 33000 NOW…SOUNDS RIGHT
HOUSE AT 40000 THATS ABOUT 440000 TODAY …ALSO IN THE BALLPARK…
SO WHAT THE FUCK ARE YOU ON ABOUT…WAGES GO UP AND PRICES GO UP
KNOCK A ZERO OFF EACH ONE OF TODAYS PRICES AND AVERAGE WAGES AND YOU ARE RIGHT BACK AT 1970
SHEESH
Fully I think you misunderstood me. I suspect you are a lot younger than I am?
In constant value dollars the wages were much higher in the 1960s. I got out of high school in 1962 and got a job of $2/hour and I bought a new 1963 Pontiac Tempest $2589. Three year loan not like 6 years today and wives working.
I got married in 1965 and had two kids by 1967. By 1969 I bought another new car a 1969 Camaro $2840 paid it off in 18 months, and wife not working. To match those values you would need $55/hr today at LEAST maybe even more. Standard was one weeks pay was was for the rent or mtg.
So its obvious to me average pay was net much higher in purchasing power back then. The houses around my are $800k (were $40k X20) plus and cars today are $50,000 plus were $2500, most things cost 20 times more today.
The $40K house in 1968 was still $40k in 1982 14 years. The Dow stayed under 1000 for the same years because from 1971 to 1981 they raised the prime rate to 21%. If you took a variable rate mtg A $40 house with an 18% on a 30 year mtg was affordable. However 6% on an $800k mtg is NOT affordable. If they raise the rates to 12% the house prices would have to come down also the Dow.
Re Iran and a nuke, I myself never ever thought Iran would ever send one nuke to any country ever because how much damage can one nuke cause, a 50 mile diameter? and if they did they would get carpet bombed like we did in Vietnam. To me Iran saying death to America and death to Israel was simply bull shit imo. Scare tactics. I think outside the box.
YOU HAVE NO CLUE
A NUKE DOES NOT JUST AFFECT A 50 MILE RADIUS
AND THE MULLAHS ARE RELIGIOUS ZEALOTS . THEIR INTERPRETATION OF THE KORAN IS LITERALLY TELLING THEM TO KILL INFIDELS …ALL OF THEM…A NUKE IS THEIR WET DREAM