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Back, less the one hundred years ago, wages were poor: really? A person might earn $2.50 a day, bad, right? Not! That $2.50 was a Quarter Eagle gold piece, or about 1/4 ounce gold. Ok, so, that would be 1/4 time the current price of gold, which would be over $400 a day, not bad for a laborer.
Today we talk in Trillions, used to be a Billion was a big number. Actually today's Billlionaire was the 1950's Millionaire. The Government is, what, 14 Trillion, behind, they say. In the last few years the Fed has printed, and dumped, what? "X" Trillion to stimulate the economy, and wants to put "<X" Trillion into now's Economy. Corporations are sitting on Trillions in record profits, and do not know what to do with it. Trillions, here, trillions, there; some don't have any money, and some have it by the Tons. Some Banks lend it to poor people for 29.9% and up, and those with Billions, may soon be charged a penalty (negative interest) so "sitting on it." In simply words, it is losing value so fast, that holding it is a risk.
So, how much is a dollar really worth? The answer, is nothing. The Trillions, don't exist, they are all virtual. If a Entity, had a Trillion dollars in "The Bank," and wanted it, in cash, "It" would have to be printed by the Printing Office, and the "Entity" would have to "pay" for the printing job. Sure, I would love to have a piece of credit, that would allow me to exchange it for something of value, but that is something only "The Fed" can do, legally.
The Debt Bomb, or the Great Money Shuffle. So, Mega Banks, shift debt around, to see who owes who what. That is based on the ability to pay, at some future time, by someone else. Hmm, not really an investment, a giant Ponzi Scheme. Somebody down the line, gets stuck with a big pile of: Nothing.
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