{"id":28886,"date":"2020-08-28T07:55:50","date_gmt":"2020-08-28T14:55:50","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=28886"},"modified":"2020-12-30T11:04:03","modified_gmt":"2020-12-30T18:04:03","slug":"how-inflation-impacts-you-the-purchasing-power-lifecycle-of-the-consumer-dollar","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/how-inflation-impacts-you-the-purchasing-power-lifecycle-of-the-consumer-dollar\/","title":{"rendered":"HOW INFLATION IMPACTS YOU: The Purchasing Power Lifecycle of the Consumer Dollar"},"content":{"rendered":"

The literal translation of \u00e2\u20ac\u0153fiat\u00e2\u20ac\u009d is by decree. In other words, government mandated money. What the government giveth, the government can taketh away, but they prefer to do it as invisibly as possible. Together with the Federal Reserve, they use inflation, which causes \u00e2\u20ac\u0153nominal confusion\u00e2\u20ac\u009d, to get individuals to volunteer the value of fiat money over time.<\/p>\n

Inflation is NOT a monetary phenomenon but rather is embedded in fiat money. Further, by design, the average wage NEVER keeps pace with inflation, though fiat money assets may.<\/p>\n

Using bread to illustrate the point, prior to the shift in 1913, 1\/20th<\/sup> of an ounce of gold backed every $1 bill and could buy 11 loaves of bread at that time. As the USD transitioned into pure fiat backed by debt, the purchasing power value of the USD declined. Today, using the cheapest loaf of bread I could find, $1 can only buy 1\/3rd<\/sup> of a loaf, but (as of 8-24-20 closing spot price) 1\/20th<\/sup> of an ounce of gold would buy 28 loaves of bread, proving, once again, that gold money cannot be inflated away.<\/p>\n

Have more questions that need to get answered? Call: 844-495-6042<\/strong><\/p>\n

Slides and Links:<\/strong><\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The literal translation of \u00e2\u20ac\u0153fiat\u00e2\u20ac\u009d is by decree. In other words, government mandated money. What the government giveth, the government can […]<\/p>\n","protected":false},"author":6,"featured_media":28885,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1709],"tags":[53,81,83,124],"class_list":["post-28886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-101-series","tag-federal-reserve","tag-hyperinflation","tag-inflation","tag-us-dollar"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/28886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=28886"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/28886\/revisions"}],"predecessor-version":[{"id":29376,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/28886\/revisions\/29376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/28885"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=28886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=28886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=28886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}