Jeremy Cordon
๐ค SpeakerAppearances Over Time
Podcast Appearances
So if you had a $100...
If you had a $1, if you have $100 bill today, it would be like less than a dollar 100 years ago in purchasing power.
Or another way to look at that, like the penny, the wheat penny, that guy had about $2.50 worth of purchasing power.
And that was the smallest amount of money they even bothered with.
If it was less than 250, like forget it.
And in that context, all of our change is obsolete.
Quarters are obsolete, half dollars obsolete, dimes, nickels, all of it's obsolete.
I mean, when was the last time you've cared to count up and add up your change?
It's hard to even diagnose the problem.
It's just like, man, costs have gone up.
I don't know why everyone's so greedy on their houses.
If you were to measure housing in gold, if you looked at the US stock market measured in gold, the US stock market has been down since year 2000.
If you measure it in gold.
It's just the value is not there.
The prices are overinflated because everyone's pushing their IRA money into it.
And, you know, in terms of real value, it's just...
it really changes what the economics landscape looks like.
We're not hitting all time records in the stock market if you measure it in something that isn't constantly losing value.
And we talk about this, and maybe the reason why you don't talk about it more is because there's not really a whole lot to be done about it.
So you come from a similar background.