{"id":44808,"date":"2023-02-01T01:52:52","date_gmt":"2023-02-01T01:52:52","guid":{"rendered":"https:\/\/www.oracletutoring.ca\/blog\/?p=44808"},"modified":"2023-02-01T01:52:55","modified_gmt":"2023-02-01T01:52:55","slug":"economics-business-the-us-dollar-in-1970-vs-today-part-2","status":"publish","type":"post","link":"https:\/\/www.oracletutoring.ca\/blog\/economics-business-the-us-dollar-in-1970-vs-today-part-2\/","title":{"rendered":"Economics, business: the US dollar in 1970 vs today, part 2"},"content":{"rendered":"\n<h2>Self-tutoring about economics and business: the tutor continues about today&#8217;s value of the USD.<\/h2>\n<p>\nIn <a href=\"https:\/\/www.oracletutoring.ca\/blog\/economics-business-history-the-usd-in-1970-vs-today\/\">yesterday&#8217;s post<\/a> I mention how the US dollar&#8217;s value compares to gold now vs in 1970.<\/p>\n<p>In my <a href=\"https:\/\/www.oracletutoring.ca\/blog\/economics-the-amazing-usd-part0-where-does-it-get-its-lift\/\">January 11, 2023 post<\/a> I mention the possible interpretation that the US dollar is actually backed by Saudi oil. Let&#8217;s imagine that&#8217;s true, and see how it&#8217;s fared since 1970.<\/p>\n<p>In 1970, oil was $2.96\/barrel. Today it&#8217;s <a href=\"https:\/\/oilprice.com\/\">$79.29<\/a>. Therefore, at this moment, the US dollar seems to be worth about 3\/80, or about 3.8%, of its 1970 value.<\/p>\nJack of <a href=\"https:\/\/www.oracletutoring.ca\">Oracle Tutoring by Jack and Diane,<\/a> Campbell River, BC.<\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>Self-tutoring about economics and business: the tutor continues about today&#8217;s value of the USD. In yesterday&#8217;s post I mention how the US dollar&#8217;s value compares to gold now vs in 1970. In my January 11, 2023 post I mention the &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"more-link\" href=\"https:\/\/www.oracletutoring.ca\/blog\/economics-business-the-us-dollar-in-1970-vs-today-part-2\/\"> <span class=\"screen-reader-text\">Economics, business: the US dollar in 1970 vs today, part 2<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[371,372],"tags":[],"class_list":["post-44808","post","type-post","status-publish","format-standard","hentry","category-business","category-economics"],"_links":{"self":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/44808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/comments?post=44808"}],"version-history":[{"count":1,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/44808\/revisions"}],"predecessor-version":[{"id":44809,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/posts\/44808\/revisions\/44809"}],"wp:attachment":[{"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/media?parent=44808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/categories?post=44808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oracletutoring.ca\/blog\/wp-json\/wp\/v2\/tags?post=44808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}