If the dollar is so worthless and has lost so much purchasing power how come most of us are driving fairly new cars and own our own houses with a large screen TV in every room and a garage larger than most 3rd world apartment buildings?
edited: to be less of a smart arse.
I read your original post, and you can be a wise ass all you want. I know that I often am!
You are confusing two issues. The dollar clearly has lost most of its value. As an example, in 1913 rich people used $20 gold pieces. The "melt" metal value (not the actual value) of those 20 dollar gold pieces right now is $1,667. And 99% of Americans don't own any gold right now (good luck to you). Silver was used in our coinage until 1965; a dime in 1964 is worth $2.35 melt now (source: coinflation.com). My parents bought a house and barn on four acres in southern Rhode Island in 1964 for $10,000; a similar property now would be a steal at $250,000. No, the property, silver and gold are not "more expensive" than they were; the dollar has lost that much value over time due to the Federal reserve and their money creation.
People in this country enjoy a high standard of living because, as I have posted previously, the US dollar is still the world's "reserve currency." If you want to buy oil from OPEC you need to convert your currency into dollars; if you don't we invade and kill you. This makes the US dollar the best looking cow in line at the glue factory.
When the dollar is no longer the world's reserve currency, we will be just another cow at the glue factory and the dollar's value will plunge accordingly.
And one final point: Most Americans' don't own their own home; they own their own mortgage. Many Americans now owe more than their home is worth. Especially great when you realize that the bank didn't have the money you "borrowed" in the first place; you created it by the act of borrowing (Google "fractional reserve banking"). Of course, if you can't make the payments then they will own your home that you bought with money that they didn't lend you. A wonderful system. For them.