I feel like I no longer understand the value of money and other things

[ObsoleteSoul]

Look at me im so absurdly rich i dont even know what things cost. A bowl of rice 30 or 300 dollars? Its all the same.

not rich, but I sort of think think this way.

I know what money is coming in, and only concern myself with prices in a vague way. Is this worth the price at this exact moment in time? 30 dollar pizza in a place where pizza is almost unheard of and hard to get? Worth it. I have to get out of where I’m staying immediately, and the place I can get is say 1k more than where I’m coming from? Worth it. Something like that.

 

[Bobby00]

not rich, but I sort of think think this way.

I know what money is coming in, and only concern myself with prices in a vague way. Is this worth the price at this exact moment in time? 30 dollar pizza in a place where pizza is almost unheard of and hard to get? Worth it. I have to get out of where I’m staying immediately, and the place I can get is say 1k more than where I’m coming from? Worth it. Something like that.

I will make u a pizza and give a handjob for 300

 

[ObsoleteSoul]

I will make u a pizza and give a handjob for 300

Hope that’s 300 pesos, señor. I’m no rube

 

[Bobby00]

Hope that’s 300 pesos, señor. I’m no rube

We already established together that you only have a rough ballpark of what things cost so it would be rude for you to deny my rates.

90 dollars to make the pizza
45 to keep the pizza honest
150 hush money because i got a big mouth

As you can see it adds up to exactly 300 but i wont bore you with details you have more important things to handle.

 

[Renard]

During the pandemic, the fed created $4 trillion out of thin air on both the retail and wholesale level. This is different than during the 2008 crisis where only reserves were created out of thin air but no new bank deposits because the fed didn't buy assets from non-banks - in other words they only made transactions on the wholesale level. In this case, new bank deposits were created in parallel to new reserves, injecting $4 trillion directly into the money supply we use. Most of those bank deposits ended up in the pockets of the top 1% by the way. In any case, what we're experiencing is currency devaluation. You could probably use the heuristic that the currency is worth about 15-20% less than before or so, but I don't have a way to calculate it. If the fed decides to do even more QE of this type in the future, you can expect the currency to lose even more value.

By the way, if you understand that it's the currency who lost value, you can understand why hard assets like houses and gold have "gone up" in price. They haven't really gone up in price, if they have it's not significantly so, they've mainly maintained their value in the face of a currency that been diluted by money printing and lost purchasing power. Since each unit of currency has lost value, it takes more units to buy the asset.

 

[jeff7b9]

Welcome to hyperinflation.

Still sort of early stages but really also kind of late stages.

Growth based economy
+
Unsustainable debt
+
Insurmountable interest
=
Something has to give/change

 

[fungi]

It's to be by fire this time; or so it is written.

The deluge solare.

Decent video exploring the topic, including a theory of how it could occur:

In the video they think we live in the 4th world.

Some Native Americans call our world the 5th Sun. Theosophists also call ours the 5th race.
Iirc, Buddhists also consider ours to be the 5th world, or smth luke that.

Anywho, we as a species may have gotten too corrupt. Transhumanism and VR/augmented reality shit will be the end of us.

Time for a reset.
Newton calculated that 2060 would be the end of times. MFer might have been right

 

[facePuncher7]

Lately I've been having this frustrating and confusing feeling about money because I no longer feel like I know what a dollar is worth anymore.

There was a time not so long ago when if someone told me they make $50k a year or paid $2k a month for their apartment I knew what that meant. I felt like I knew the value of a dollar and how it related to items in the real world.

Now I don't know what any of this shit means anymore. When someone tells me they make $70k a year I struggle on whether to think of them as poor or middle class. When I see an apartment listed for $3k a month I don't know whether I'm getting a deal or getting hosed.

Like shit just doesn't make sense to me anymore.

I really hope things slow down and the financial situation becomes more stable again because at the moment I just feel like I don't know what to strive for or where I stand in general.

Same, a lot of it is inflation over time. $50k 10 years ago is the same as $66k now, in terms of buying power. $50k 20 years ago is the same as $87k now.

For me it's compounded by not living in my home country (which has had very high inflation in that period) for 5-6 years, going back is super confusing as I haven't thought in that currency for a long time.

When you're younger time passes more slowly, you develop a relationship with numbers, like the average salary is $50k, $70k is managers/seniors, anything over $90k is big boy territory.
But now $90k seems to be the new norm and it's difficult to get my head around in day to day activities.

One positive is that I have learned to think in a new currency, and it's only been 5 years with lower interest rates, so the numbers make more sense.

Revamping your understanding of money is a great thing to do as you get older imo. It's not a single currency in a static state, the world is like a hundred monopoly games being played simultaneously each with a different currency, and players can trade with people in other games, and every turn the reward for passing go and the cost of property increases by 3%.
Simple example that's already confusing enough.. money is weird.

 

[Mesos]

The price of everything went up and in a quick span of time. Hopefully things get better and the economic inflation slows down to let the wages adjust for it. The whole economy gets brought down by it.

 

[Ladder Master]

I took a family of 5 to the movies the other day and got popcorn and snacks.
Price was almost $110 and I dont live in a city with a high cost of living.

Prices for goods in 2024 are awful.

$50 used to be alot of money.

 

[Seahawks Fan]

I took a family of 5 to the movies the other day and got popcorn and snacks.
Price was almost $110 and I dont live in a city with a high cost of living.

Prices for goods in 2024 are awful.

$50 used to be alot of money.

I used to love going to movies before the pandemic. I would go once a month by myself right after work. But I haven't been in more than 2 years. Can't justify the price anymore. Sad.

 

[Two Crows]

Part of the problem is the way the media talks about inflation as though it is a cohesive effect on costs confuses the public.

In reality, every item/service/market experiences it's own rate of inflation.
That would be very impractical to report, so a singular figure is given that is seasonally adjusted and excludes the most traditionally volatile markets, but in actuality some goods will see much higher price increases, and some won't change at all.
IOW, it is difficult to get a measure of relative costs because the relative costs have changed.

Further, inflation is seasonal (always was) but the rate of seasonal inflation may have changed (this means the seasonal change may be a larger or smaller percentage than previous years).

WTF does that all mean?
It means you used to know roughly how many pairs of shoes a cellphone would cost you, or a car, or a donut ... but all the exchange rates are jumbled in different directions (the donut may be more expensive, but the car might be cheaper, and the cell might be the same).

Everybody wants things to stabilize, but the world is changing. Protectionist markets are making a comeback, friendshoring is real, and many (most?) developed nations are trying to reconcile shrinking populations.

 

[shunyata]

That the Epstein murder will go unsolved really tells you everything you need to know, doesn't it?

It's probably time for another deluge. We've been found wanting. Too many willing minions and Judas goats for the elite betraying us all, leading us into the processing plant.

Problem is, they're (the spiritually corrupt elite) the people with the bunkers. So if humanity survives, it gets restarted by the absolute worst of us. Go figure.

Look, all I'm saying is Noah must have been a rich motherfucker to be able to retire from farming without worry and still have the resources to build a fucking ark.

 

[BearGrounds]

Look, all I'm saying is Noah must have been a rich motherfucker to be able to retire from farming without worry and still have the resources to build a fucking ark.

He was favored by God, no doubt.

 

[lsa]

We already established together that you only have a rough ballpark of what things cost so it would be rude for you to deny my rates.

90 dollars to make the pizza
45 to keep the pizza honest
150 hush money because i got a big mouth

As you can see it adds up to exactly 300 but i wont bore you with details you have more important things to handle.

I will make u a pizza and give a handjob for 300

So 15 for the handjob?

 

[Bornstarch]

At least we don't have mean tweets

 

[blackheart]

Every second of every day, the elite are trying to figure out new ways to rob you of your labor. It's human nature, and only fools (fooled by them) think otherwise.

Money is the most important thing in existence, as it represents access to resources. Without resources, you die. You can't fill your belly with love.

Lmaoooo

And your Political solution to this problem is "give the elite more tax cuts and deregulate them even more!!"

It will never not be funny to hear you MAGAts talk like socialist labor organizers.

 

[BearGrounds]

Lmaoooo

And your Political solution to this problem is "give the elite more tax cuts and deregulate them even more!!"

It will never not be funny to hear you MAGAts talk like socialist labor organizers.

Thats not my solution.