Ep 3675a - OPEC Is Going To Super Size Oil Output, What Happens To Inflation? Trade Deals Incoming https://rumble.com/v6vetnl-ep-3675a-opec-is-going-to-super-size-oil-output-what-happens-to-inflation-t.html?mref=2hzb1&mrefc=2

Prior to October of 1973, inflation averaged roughly 3% per year. The value of the dollar lost half of its buying power between 1946 & 1972. But at the same time, average income quadrupled, from 3KA to 12KA. The net effect was that Americans had twice the buying power in 1972 as they did in 1946.

However, the 1st & then the 2nd Arab Oil Embargo caused inflation to increase to 11%, & the dollar lost half of its buying power yet again by January of 1981. At the same time, average income increased by only 80%. The net effect was that Americans had 20% less wealth in 1981 as they did in 1972.

Babylon Bee - Republicans Unveil New Plan To Fix National Debt Sometime After The Return Of Christ:

https://babylonbee.com/news/republicans-unveil-new-plan-for-federal-debt-wait-for-the-second-coming-and-the-world-to-be-ended-in-fire

#BigBeautifulBill #ProfligateSpending #StopTheSpending #FederalBudget #NationalDebt #DebtCrisis #Debt #Inflation #EndTheFed #EndOfTime #BabylonBee #Finance #Humor

Between 1946 & 1972, because of inflation, the dollar lost half of its buying power. However, during that same 26 year period, average income quadrupled, from 3 grand to 12 grand a year. The net result was that the Average American had twice the buying power in 1972 as they did in 1946. But now, 52 years later in 2024, the Average American has less buying power (~2/3rd's) than they did in 1972. While average individual income has increased to 60 grand, you would need to make 90 grand just to keep pace with inflation. The most telling result is that home ownership has declined from ~70% during the time period of 1946 to 1972, to ~60% during the time period of 1972 to 2024.