Ron needs to post what has happened to oil prices and real wages after going off the gold standard.
I suppose someday we should.
On the other hand I sort of figure if you compare oil prices and other commodities with each other they would basically be a flat lined chart with some commodities rising and falling past the central line of stabilization, much like DNA twisting.
It is only when you compare any one of them to the dollar that you see a spike in relation to the dollar because of the dollars devaluation caused by counterfeiting. Like the graphs do at the bottom of this post. (Click to embiggen)
This sign someone made during a period when everyone was freaking out about the price of gas is timeless. In other words you could have pretty much painted it on the side of the building for all these years since we were off of a gold and silver standard.
Back then I remember gas running about 17 to 25 cents a gallon.
Real wages on the other hand is the real grabber.
Over the years I thought, with my raises, I was really getting ahead in the world. A few years back I started looking into inflation for myself and coming up with my own figures.
I remember a time when the minimum wage was at $1.35. Some jobs I was paid $1.00 an hour but I think picking watermelons the going rate was $1.50 an hour.
It was pretty hard work. Even harder was doing it along side of women that could do it better. Actually that wasn't that bad. The bad part is I was the new guy and everyone could do it better.
Anyway back then the money was still pretty real. If you made the same wages today you would need to be getting $34.05 an hour. Talk about a real kick in the life cycle!
http://www.silverandgoldaremoney.com/
P.S. Oh and with the chart Ron Paul posted my charts at the bottom are pretty behind in the mayhem.
