A WWII Vet Was Docked Pay for Escaping His German Captors
taskandpurpose.com
taskandpurpose.com
Times may have sucked but you don't need to exaggerate by an order of magnitude.
I have no idea if he received this benefit, or if he even knew about it. Dad's dead (motorcycle accident); I'll have to reach out to my aunt to see if she knows. It's more the curiosity than the money. If he hadn't received it, and survivors can claim it, I'd just donate it to some veteran's organization, anyway.
They tried again, and in April 1944, pulled off the same stunt, ducking their captors on an unguarded forced march.
This time, Ramotnik and his brother-in-arms got away. A few days later, they heard the news: The Allies had won.
Surely they mean April 1945 if "a few days later" they heard the Allies had won.(1 + .06/12)^(12 * (2017-1944)) = 78.97
78.97 * 180 = 14214
However the final amount is highly sensitive to interest rate assumed, for different interest rates:
.02 774.13
.04 3,321.26
.06 14,214.86
.08 60,692.55
.10 258,514.77
.12 1,098,489.57
However it's unlikely that the money would have been invested anyways.
Compound interest tells us how much money we have. If we assume an improbably static 2% every year, today we have ~£270 in our account.
Inflation doesn't work on top of that because £270 is what it's already worth today. Inflation tells us what our original £100 is worth in terms of buying power.
If a loaf of bread cost £0.10 in 1967 but costs £1.50 today, we can say over 50 years there has been 150% inflation. These sorts of price index comparisons allow us to compare worth back then.
Or in reverse, you can see this in very real terms. You could look at your £270 and see that would only buy you 180 loaves of bread. In 1967, your £100 would have garnered 1000 loaves. Interest has not kept up with inflation. You have lost money —in this example— by "saving" it.
On a shorter timescale, RPI and CPI allow central banks to see inflation and —to a point— alter their base rates to help influence the balance of savers-vs-spenders, lessening the popular disposable cash, and lessening inflation.
That's the theory, anyway.
That can't be more than a handful.
In 1626, Manhattan was supposedly bought for equivalent of $24 (in beads). If invested at 5% Annual interest, compounded monthly, it would now be worth around $7 billion (assuming my online calculator is working correctly).
So our man should bequeath his $13 + interest and ensure the terms of the will state the the capital + interest is maintained for at least 400 years and someone will be able to inherit a nice tidy sum!
Imagine, if LA was besieged and starved for 3 years like St.Petersburg was. This generation cant even imagine how it is to run hungry- for a day. That people can scrap tapestry from the wall, eat there pets, burn there furniture - and finally eat other people, all that, is so far away by now- it does not even appear in war and horror movies.
I imagine it was worded this way so someone couldn't just be "escaping" for an unknown length of time and just disappear - removes the incentive to not return right away. Still, I'm not how anyone would be able to prove or disprove which day he escaped in the first place - not like his captors gave him a receipt - so the whole thing is pretty goofy.
http://myarmybenefits.us.army.mil/Home/Benefit_Library/Feder...
It'd fit well - they kept trying to escape, and it'd have been easy enough to have a plot where they talk the camp commander into giving them a "fake" receipt in return for a favour, only for them to actually escape (and of course get caught again).
It kind of seems like the whole story is silly now...
He would have been paid if he had not escaped.
This is why Bowe Bergdahl is in a big pickle if he is found guilty: he will lose 5 years of pay and return to his original low rank (he is now a Sergeant, I think he was a Private 1st Cl or Specialist) as well as be discharged as something other than "honorable".
I rather thought Bergdahl was in a “big pickle” because the charges against him both carry long prison terms (one potentially a life sentence).