RT on Nostr: The US dollar has lost ~96% of its purchasing power since the 1940's. Most other fiat ...
The US dollar has lost ~96% of its purchasing power since the 1940's.
Most other fiat currencies lost even more in purchasing power.
In 1960, 1 USD = ~2 PHP
Today, 1 USD = ~57 PHP
Just in my lifetime, I've seen the Philippine Peso go from ~10 PHP to 1 USD to what it is today.
Published at
2023-08-15 04:47:25Event JSON
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"content": "The US dollar has lost ~96% of its purchasing power since the 1940's.\n\nMost other fiat currencies lost even more in purchasing power.\n\nIn 1960, 1 USD = ~2 PHP\nToday, 1 USD = ~57 PHP\n\nJust in my lifetime, I've seen the Philippine Peso go from ~10 PHP to 1 USD to what it is today.\n\nhttps://cdn.nostr.build/i/7540b9100b6aeeeca922ad63f82d54565c463d33b87a627ada4014a59412790b.jpg\n\nhttps://cdn.nostr.build/i/b284e72a4a6d75a5ba493d6e9cb87d44063833eb9886c66f1899f9a94436fef2.jpg",
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