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Discussion in 'Sidewinders Bar & Grille' started by Wrighty, Jan 21, 2020.
Who would do that??
Spoken like a true German
In 1975 petrol was 72p a gallon, cigs were 21p for 20, beer was 18p a pint. I earned £16.82 a week.
4 fl oz of McCormicks Vanilla Extract is $7.95. That makes nearly $255 a gallon. Crazy.
When I was in the fifth grade...
Bought a house at 38th & Brazee in Portland Oregon...
Three stories, 5 bedrooms, 1.5 baths
Kitchen, dining, living, foyer, front and back porch..
Old man Had a cave...
Coal furnace, forced heat
Had a garage, Basement and two cherry trees....
Two blocks from US Grant high school..
Just a guess today $475,000..
You don't even have to go that far back, I bought my first house in 1997 had been renting till then , three bed stone end terrace in Yorkshire and we got it for £36.000 last time I looked they were just hitting the £170.000 price mark shame wages haven't increased the same way though .
In 1963 the Great Train Robbery netted about £2.6 million.. that's around £40+ million today. Now, if Bruce Reynolds and the guys had put there money back in the bank.. ha ha .. there sure as hell wouldn't have been £40+ million to pick up today because the real inflation rate is way more than the interest banks pay over the term.
How's inflation created.. by increasing the money supply. The more of it that's printed the less its worth. Who wins.. the banks of course.. zero sum game. Banksters.. who loves em eh!..
@Will Lefeurve can you print me some then Will don't keep it all to your self
3 bed semi-detached house, 3 cellars and attic, built 1901. Bought for £1,000 in September 1954. I'm just waiting to get today's value at the moment.
We sold our condo in 2010 and looked at houses and there was one that we almost bought, it went for 260.000 euros but we decided against it and took off sailing for a year instead. When we got back late 2011 we got another condo that we sold in 2017 to buy a house. That same hose we looked at in 2010 was for sale again, this time for 530.000 euros. We gave up on that area and looked elsewhere.
I'm not sure we want to know what you keep in them cellars
I don't even want to think about what's down there. Whatever it is, I've been feeding it on fish heads and offal since 1979...
I wish, I could drink one of those right now.
This is an excellent example of stoking the money supply. The only reason houses go up in price like that is because the banks flood the market with cash/credit. They create it out of thin air on the strength of an IOU/mortgage agreement. The supply and demand thing only works if people have money to buy. No money and demand just becomes desire. If every man and his dog are being offered mortgages, there's only one way house prices go.. up^ Pull the rug and they go down.
I only got my head around how it works when a German banker friend of mine told me this little story. Imagine you are at an auction, most people there are of average means and starting prices reflected that. Now imagine someone comes in with a suitcase full of cash and starts distributing it to everyone. What do you think will happen to those prices now.. simples really..
two Vanilla beans in a jar
1993, two-bedroom terrace, one mile form Canary Wharf, London. Bought for £45,125. Sold for... No, forget it.
1oz saffron $330
They call me mellow yellow...
Incomes are up too. For some more than others of course. And I'd rather have today's standard of living than that of 50 years ago.
Dupont Mystic-Chrome paint is approximately $1500/gallon. But you could paint a bunch of high end guitars with that much after going through the very expensive school to learn to shoot it. You need to become certified to even buy it directly from Dupont at that price.
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