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Saturday, March 03, 2012

First-class Postage Going to 50 cents

From ABC News: "The United States Postal Service may raise the price of first class postage to 50 cents."
Well, I'm old enough to remember when it cost just 3 cents to mail a first-class letter and the rate for a post card was one penny.
And some people still believe the fairy tale that the U.S. Government and the Fed are supporting a "strong dollar?" Give me a break!
Below is a link to an interesting web site showing the history of postage rates in the United States.
You'll see that from 1885 to 1917 it just cost 2 cents to mail a one-ounce letter. It was raised briefly to 3 cents and then lowered again to 2 cents in 1919 and remained at that rate until 1932 when it was raised again to 3 cents.
The 3-cent rate remained in effect until 1958, when it was raised to 4 cents and then the rates started taking off: 4, 5, 6, 8, 10, 13, 15, 18, 20, 22. 25. 29, 32, 33, 34, 37, 39, 41 , 42, 44, and, finally 45 cents, announced on January 12, 2012.
The other thing to notice is the incresing frequency of the changes and the increasingly short duration of the rates, lasting from 32 years [1885-1917] to 15 [1919-1932] years to 2012 when it looks if there will be two changes in the same year!
Of course, it doesn't take Ron Paul to figure out that these postage rates were stable when the country was under the gold standard and then started skyrocketing, especialy after the "Nixon Shock" of 1971 when he cancelled convertably of the paper dollar into gold, and the price jumped from $35 an ounce to today's $2,000 an ounce or thereabouts.  http://www.akdart.com/postrate.html
Jagor

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