Down 50% already?
I've got a crisp $50 in my pocket. I'll trade you for it.
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A collection of some classic Lemmy memes for your enjoyment
Down 50% already?
I've got a crisp $50 in my pocket. I'll trade you for it.
That $50 is only worth $25 in goods or services.
I'm happy to pay you $25 for it!

"welp"
Benjamin Franklin smirked like that in his photo because he always knew.
Nah, he was thinking of ho-ors.
a) he was a ho-er
b) he slapped me and challenged me to a dual in New Jersey
Historians always thought "You motherfuckers are gonna fuck it up." was praise to future generations sharing his... proclivities. How wrong we were.
I unlocked some sick alpha by exchanging those for drugs and then selling those drugs in smaller plastic bags
Meme aside, is this based on inflation? Some sort of global market?
If it's inflation it's not accurate. 100 2026 dollars is equivalent to 70 2013 dollars (not $50).
Just trying to fact check the math. I'm fun at parties.
"Erm, buddy, you know that's not how they actually make milkshakes" type energy bud

Meme aside, is this based on shaking a cow? Some sort of bovine agitator?
If it's shaking a cow it's not accurate. Shaking a cow produces only 120ml of foamy milk (not 750ml).
Just trying to fact check the math. I'm fun at parties.
You're drinking 3/4 of a LITER of milkshake?
I think if you include cost of living and cost of purchasing property, the US dollar is easily 50% less effective now than in 2013.
Your personal purchasing power could be very different than the CPI. Also I think people put more importance on the basics like food and housing, those are surely 100% more expensive than 13 years ago. And with that going up you don't really care that you can afford more t-shirts. But t-shirts are bringing down the CPI.
So yeah: lies, damn lies and statistics. P.S. also fun at parties
Not long ago, I found a $100 bill at our local gas station.
I picked it up by the trash can, figuring it was probably a church fake.
It wasn't a fake at all, it was a real $100
I make point to check by those pumps everytime I pass by that gas station...
You should leave a note. "Did you lose $100 here? Please do it again. Ha ha!"
It is fun how similar mammals are. My dog found a different dogs ball in a bush on one of our walks once. Now they check the magic toy giving bush every time we walk by it. I kinda want to stash more toys in the bush, but I also am afraid of making his conditioning worse.
Fucking trash shit coin. I lost my ass on this too.
If you compare it with Gold - against which the USD moved in lockstep until the US left the Gold Standart - it's a lot worse than just a 50% loss since 2013, more like a 65% of value.
The fall is probably the same in terms of real inflation (as actually felt by people in terms of how much less their money buys) - the official inflation figures understate inflation (probably because the mathematical calculation for GDP involves raw GDP being deflated by inflation, so the less the official inflation is the more politicians can harp about how much they made GDP "grow") and this has been going on for decades, which is why a single blue collar salary that used to be enough for a good house, a car and the expenses for a family of 5 in the 60s, now can barelly pay the rent of small appartment in a major city.
More like the price of gold is artificially inflated far beyond any actual value.
The alternative view is that the real value of government issued currencies has fallen and Gold just kept going along with its 1.2% yearly inflation due to gold mining.
That the official currencies buy less and less (as I pointed) leans more towards the view that the value of government issued and controller currencies is being inflated away much faster than the value of an ancient currency which is not controlled by any government and only devalues by more of it being mined.
In other words, at medium and long time frames Gold is not an investment asset, it's a store of wealth outside the control of politicians.
If you compare it with bitcoin it's even worse. Both aren't great comparisons, the US left the gold standard so long ago it's not a meaningful comparison.
Keep holin' it bruh. Market is going to reward your patience bruh.
It's not called Fiat currency for no reason. There's lots of rumors of a global switch to state backed crypto coins or purely digital currency. That way the normal people can't hide any money, their money can be turned off unlike cash.
That would be the difference between a permissioned ledger vs a decentralised cryptocurrency. Pretty hard(not impossible) to turn off someone's bitcoin, but depending on the design, the state backed crypto might be very easy... Or not.
We already have mostly digital currency.
Money is created when a bank creates a loan, by starting with nothing and then splitting that nothing into a credit in one account (the borrower's checking account, usually) and a debit in another (the borrower's loan balance). From there, most transactions are digital where an ACH transfer or similar results in some numbers being subtracted from one account and added to another.
Almost all of this happens on computers, and even before computers it just happened literally on a paper ledger, with paper checks.
You might ask, "wait where does the bank get its money from to be able to allow money to be withdrawn or transferred to another bank?" If the bank doesn't have the liquidity to do so, it can always borrow money from other banks or the government, with the last resort in the United States being the federal reserve banks, who by the way also print all the paper currency. So having that backstop is important for regular banks to have the power to create money, but the actual creation of money happens digitally to begin with, regardless of whether the bank later needs to distribute paper bills or borrow from the federal reserve.
My money can be turned off! Heck no, hard pass on that
The goal is control.
I think someone scammed you, these usually have apes in the picture.