Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

http://in.youtube.com/watch?v=FgJYCpRr5yI

They were on the gold standard till nixon took them of it early seventies apparently. Prices are just a figure, it can become easier to afford for the average citizen

I think the vertical axis means they just halved the value of the dollar, hopefully they'll do something to adjust it back at some point but apparently this is not something they've managed to do any time before

Perhaps it is the change in rate of increase in the money supply.
Virtually constant and then going exponential from 1970 ?

Thus giving an indication of acceleration rather than velocity.

Here are my favourites:

This one is more in line with my perception of what is happening to the USA economy in real money terms.
Can't post a direct link (?) but go to the last option "log" given by sabretooth's link, for a better perspective
Perhaps when people say "where has the money gone" the answer is that a lot of it has been turned into bricks and mortar/real estate and frozen (now the market has collapsed). A slight improvement on building pyramids in the desert?

Another chunk has been exported to China, where it has been locked away (at interest for the moment); I think we are in danger of failing to understand the Chinese attitude: The whole country (aged over 30) has seen the destruction of the existing social order, near starvation, BUT with nobody to blame. The old guys running the place can remember trauma after trauma, but they have SURVIVED. The Chinese, unlike our politicians, have an outlook to a horizon decades away, not just to the next election.
The standard joke: "How do you know Mr President that democracy works, when you have only been trying it for a couple of hundred years?"
The people save, they cannot invest in kids for their old age & they remember hungry times.
The leaders know money in the bank is global power, they don't need to use it to buy votes. They have a vision of China regaining its rightful place in the World.
How they will react to USA printing money, thus diluting the Chinese stash, we will just have to wait and see.
They are already diversifying into Euro, I believe.

I think this graph expresses the instability of Edwardian times culminating in the great depression and how, once the resulting war was over, Bretton Woods imposed a stable if unexciting era. This has slowly been relaxed, as global progress brought prosperity to so many; but then the money escaped from the regulation of any one country and suddenly all trust has gone from the financial system.
This graph illustrates instability to me.
Can't post a direct link (?) but go to the second to last option "continuously compounded rate of change" given by sabretooth's link.
Have fun overlaying other series, such as USD/GBP exchange rate.

What ever way you look at these graphs, it is obvious that we are experimenting with the world's economy, in a way similar to the Russian engineer and the Chernobyl reactor.

sabretoothtigger wrote: »

http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance

Thanks STT......any tips on how to conduct our everyday lives here in bankrupt UK? ...Apart from move to China.