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CPT Jack Durish
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A dollar doesn't go very far these days, but we still know where it stops. My wife and I purchased a pleasant little 1300 sq ft home in California in 1980 for $107,000. It was built in the 1960s and originally sold for $25,000. Sounds like someone made a tidy profit doesn't it? Actually, they didn't. They lost money. We sold it in 2010 for $500,000. Nope, we didn't make a profit either. Today it's valued at $1,100,000. Still no profit. How can that be? Inflation. The house didn't rise in value. Its value remained exactly the same as it always was. The dollar lost its value. That's call inflation. The government prints money so they can spend to buy votes and because there's no real value to them, all of our money is devalued.
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SSG William Jones
SSG William Jones
1 mo
As usual, you've nailed it, Cap'n Jack!!!
CPT Jack Durish
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CSM Chuck Stafford
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Yay, more good news ... smh
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