History Repeats Itself, Painfully So
Written By Image of the Day on February 27th, 2008 | Trackback URI
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A 1922 political cartoon on the British invasion of Iraq.
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See Also: The Surge, Turn out the lights, 9/11? Iraq? From the ass’s mouth, Go Ahead, Iraqi Army Trading AK-47 for M-16, and Her War.
Technorati Tags: history, iraq, mesopotamia, war, british invasion, america, united states, tax payers, debt, political cartoon
If it were really only 50 million dollars a year it’d be a dream comes true.
The cost is almost 14 billions a month now. That’s about 466 millions dollars a day. A god damn day.
You idiot! That was $50,000,000 a year back in 1922…
…which is $575B in todays dollars
What? Your calculation is absurd. $50,000,000 in 1922 is “only” 628,214,285.70
And, actually, that’d be £, not $.
£50,000,000 in 1922 pounds would be
$3,058,360,000 in todays dollar.
The United Kingdom’s GDP in 1925 was 4466 million pounds. 50 million pounds would have been about 1.12% of GDP.
The current United States GDP is about 13.2 trillion dollars. 1.12% of current GDP is 148 billion. Assuming your cost figure of 14 billion dollars a month is correct, that would come to 168 billion a year. So using these numbers, the relative cost for the two wars looks pretty comparable.
We are so stupid. Dunce caps for everyone.
You are all wrong. The pound in 1922 was based on the gold standard. it was real money. in other words every pound note had on it that the bank of England promised to pay the bearer on demand its equiverlent in GOLD.
American dollars are worth less than monopoly money. At least with that you get a genuine game to play.
No gold in the bank means the paper is useless.
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