1-800-822-8080 Contact Us

When I was eleven years old – in 1981 – my “allowance” was $3.00/week; which I supplemented with a New York Post paper route that paid an additional $3.00/week.   My parents kept giving me $3.00/week until 1983; when they deemed it was time to “work for a living” – which was just fine, as I found numerous opportunities to earn the then minimum wage of $3.35 per hour.

At the time, my friends called me “Pac-Man”; as I could beat ANYONE at the dot-chomping, ghost-chasing video game that ruled our world.  To this day I still have a passion for early 1980s video games; which is why I bought the below “cocktail table” several years back from a great website called CustomArcades.com…


Anyhow, the cost of a video game – or pinball machine – was just $0.25 in 1981; and sometimes, you could even win a FREE GAME.  Compare that with today’s prices of $1.00 – $3.00 per game, and let me know if you think INFLATION has been an issue.

Back then, the national debt was less than $2 trillion; but care of maniacal MONEY PRINTING, has ballooned to nearly $17 trillion; or $22 trillion including debts incurred by nationalized mortgage lenders Fannie Mae and Freddie Mac – conveniently accounted for “off balance sheet.”  And if you think a portion of that $15-$20 TRILLION didn’t find its way into video game prices, I have a bridge to sell you in Brooklyn…


I have written exhaustively of the veritable EXPLOSION of worldwide inflation in recent years; despite essentially ALL Central bankers claiming it to be either tame or defeated


…contrary to what even the most elementary analysis tells us…


However, an exclamation point to this farce emerged last week; when Andy Schectman, Michael Spector and I traveled to San Diego to participate in the Sovereign Society’s Global Currency Exposition.  True, California is one of the more expensive states in the union; but it’s not like an isolated fiefdom.  Depression and all, California has the nation’s largest population (over 38 million); and thus, 12% of Americans endure its skyrocketing prices each day.  And those prices include the following…

$23 for a five-minute cab ride

$3.50 for a 16-ounce soda

$53 for a breakfast of oatmeal, coffee, and a side of bacon (room service “fees” included)

$12 for a small turkey sandwich

When I consider my $3.00/week allowance could buy me 12 Pac-Man games in 1981 – which given my skills, could last hours; compared to a pro-rated 35-second cab ride today – let alone, 5% of a modest breakfast at the Hilton (not the Four Seasons); I am terrified of how the MAJORITY will cope with the coming episodes of QE5, QE6, and “QE to Infinity” – not just in the U.S., but EVERYWHERE.

Japan’s New Stimulus May Trigger Yen Avalanche, Soros Says

“NO INFLATION, YOU SAY?”  I beg to differ!


Call Miles Franklin at 800-822-8080, and talk to one of our brokers.  Through industry-leading customer service and competitive pricing, we aim to EARN your business.