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53 Years Ago
Message
From
17/07/2008 18:05:07
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
 
 
To
17/07/2008 08:35:38
General information
Forum:
Politics
Category:
Other
Title:
Miscellaneous
Thread ID:
01331925
Message ID:
01332117
Views:
8
LOL

Something else worth considering: a house that cost $2,000 in 1955 now costs > $500,000. Within a few years the lucky 1955 buyer's mortgage turned into a few months' salary in real terms because of inflation. The newly married couple who buys that house today will spend 25 years paying it all back since the world's financiers have decided that inflation is bad for us. That's assuming they can scrape together a deposit and satisfy a bank that their salary is secure.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us.
"
-- Shakespeare: Coriolanus, Act 1, scene 1
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