Bank Robberies On The Decline
The above shows the number of bank robberies that have taken place from the year 1970 up until just two years ago, 2020. According to the graph above the number of bank robberies that have taken place has declined throughout the years. 2019 being the year with the least amount of bank robberies since 1970. The year 2020 seen a slight increase but ranks as the year with the second least amount of bank robberies since 1970. Why is this, my opinion, Risk vs. Reward. The likelihood of getting away with a meaningfull amount of cash and not spending a decade in jail for it is slim. However the article in which I got this graph from (and the reason I added to this post) has another suggestion on why Bank Robbery is a relic of the past. That reason is INFLATION. The typical robber made away with about $5,200 in the late 1960s. That’s over $38,000 in 2019 dollars. But in 2019, the average was just $4,200. Perhaps we should coin the phrase; Inflation putting robbers out of business since the 1970's. On another note it looks like punishment for those who got caught has lessened as well. A 2021 study showed the typical bank robber was sent to prison for fewer than seven years. However a mid-1980's study showed the average bank robber was sent to prison for 10 years (15 years if a gun was involved). All Sources can be found here : https://theconversation.com/bandits-are-losing-interest-in-robbing-banks-as-some-crimes-no-longer-pay-190520?utm_source=pocket-newtab
Inflation On The Rise
As everyone in cryptocurrency land knows, inflation has hit our fiat hard. Its by far the cause of the longest, biggest and most painful dip any of our currencies will ever see. If you are like me, visualizing something puts it in better perspective. That is why I went searching for an inflation calcuater to play with. For this example I used the nice round number of One Million Dollars. The inflation calcuator I used can be found here: https://www.in2013dollars.com/us/inflation/1961?amount=1000000. It allows for you to pick a range of years and dollar amount. After doing so your desired information will be displayed. The results of my search can be read below. An interesting side note of my search is that 1980 had the highest inflation at near 14% (ouch).
$1,000,000 in 1961 is equivalent in purchasing power to about $9,905,384.62 today, an increase of $8,905,384.62 over 61 years. The dollar had an average inflation rate of 3.83% per year between 1961 and today, producing a cumulative price increase of 890.54%. This means that today's prices are 9.91 times higher than average prices since 1961, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 10.096% of what it could buy back then. The inflation rate in 1961 was 1.01%. The current inflation rate compared to last year is now 8.26%. If this number holds, $1,000,000 today will be equivalent in buying power to $1,082,626.93 next year
Coliseum of Chaos: Live In Vegas
This portion of my post has nothing to do with inflation but I'm going to include it anyways. I stumbled upon the below Splinterlands video just hours ago. The first 23 minutes is basically a live Ask Me Anything (Town Hall) with the Splinterland team members and founders. Following that introduction there is short 20 minute countdown that leads us to a commentary booth of three (@aftersoundmusic, @bulldog1205 and @luthien) who all do a great job at introducing us to the then live Splinterlands E-Sport tournaments that were being played. I won't go in too much details about the tournaments or winners (you will have to watch the video if your interested in seeing the exciting action go down). However I will say there was some exciting match-ups and game play that you don't want to miss. The Video itself is over five hours long but there are points in which you can skip a large portion that showcase a countdown or general break. I time stamped two of those points below to try and save you some of your viewing time (there are other points in the video that display snippets about the game that can be skipped without interrupting the flow of the video) All the participants and hosts did a great job. Splinterlands E-sports/Tournament Manager WeirdBeard might be a natural at hosting with his ability to pump up a room. @aggroed gives thanks to the general community in the videos closing sequence.
- 23:00-42:40 (Countdown: Can be skipped)
- 02:49:30-03:56:45 (Break: Can Be Skipped)
What is Splinterlands?
Splinterlands is a Play To Earn blockchain game built on the Hive Network. The game itself utilizes NFT's for game play. These NFT's can be won in battle and/or purchased from the official Splinterlands marketplace or many other secondary markets. Click Here To Play Splinterlands Today!
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This post has a ""The Daily Leo" vibe man, would you be interested in handling one edition per fortnight?
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I'm sure I can muster up a post or two a month for the Daily Leo. You can pencil me in starting next month sometime (contact me when you have a date in mind). Currently I'm trying to wrap up previous obligations I had and am finishing up on some house renovations. Just moments ago I end up putting my foot through a very small portion of my roof (slight water damage) while preparing to start the shingling process.
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Sounds good, I'll send you a discord dm! Good luck with the home improvements!
Now bank robbers don't carry a revolver and a balaclava, but a tie and a smartphone.
So very true....
We all get robbed daily due to taxes.
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Inflation is like a thief that comes in the night. I think banks also don't keep as much cash because the government is trying to kill the cash economy 🙁 They see cash as too hard to keep track of and TAX!
The government tries to kill anything they can't tax or is hard to tax. Its the reason the US government banned online poker (at least we got some funny poker commercials out of it).
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