The World Financial System - The Disaster

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ReversingVoucher said:
If we assumed someone said something wrong, you correct it by showing what we think is the truth, instead of throwing useless words that will achieve nothing.
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If you actually believed this then you wouldn't post at all and would instead get a job.
 
ToroidalBoat said:
A $100,000 home in 1994 would be over $200,000 now with just inflation alone, but could really be half a million dollars or more.
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Depends where you live, but generally housing inflation has been constant since the 1970s. Boomers were insanely lucky to get in on the ground floor and selling reverse mortgages to senior citizens is a crime against the American people.
Maurice Maine said:
It doesn't matter since wages mostly kept up. Its not like buying power disappeared, in fact it got higher.
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No it hasn't, go and look at the average wage in any Western country since the 1950s. It peaked around 1970-1973 and has stagnated since then, despite the massive growth in the economy. This is a direct result of outsourcing everything to China (and then other countries), the rigged "free trade" system, and mass immigration. The last time wages failed to keep pace in the United States was the early 20th century when we were letting in immigrants left and right and we had as many foreign born people in this country as we do now.
ReversingVoucher said:
I believe this is incorrect, gold and silver (real money) will never be worth less. The gold and silver value have been stable and have stored their value throughout the ages. If more Gold gets created this will make the people richer, but it will NOT decrease the purchasing power of money.

if you watched the videos i posted you will see that the purchasing power decreases due to scamming.

Even when you use fiat currencies that are backed up by precious metals or real assets, they will maintain their purchasing power unless you start scamming.
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Nope, gold and silver is just as subject to market logic. Read up on the "Price Revolution", a period of massive inflation that ruined the Spanish Empire since they ate all of Europe's inflation caused by the mass extraction of gold and silver from the Americas. There is also the so-called "Crisis of the late Middle Ages" which was a deflationary spiral caused in part by exhaustion of European gold and silver mines and the end of mass silver exports from China. There's a good reason why basically nobody besides merchants and government bureaucrats used gold coins until the past few centuries. They were just worth too damn much to be useful in daily life, the equivalent of a ten thousand dollar bill nowadays. No country in Western Europe minted a gold coin between the Fall of Rome and the 13th century which go figure was the absolute height of medieval Europe.
 
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ReversingVoucher said:
I believe this is incorrect, gold and silver (real money) will never be worth less. The gold and silver value have been stable and have stored their value throughout the ages. If more Gold gets created this will make the people richer, but it will NOT decrease the purchasing power of money.

if you watched the videos i posted you will see that the purchasing power decreases due to scamming.

Even when you use fiat currencies that are backed up by precious metals or real assets, they will maintain their purchasing power unless you start scamming.
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> no the market is wrong because of my feelings and unprovided evidence
You must be new and not very good at investing.
 
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For fun:
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OP, I'd like to know how deep your conviction that we live in a fraudulent system runs. What are you doing in your day-to-day life to mitigate this? Has this supposed knowledge of yours actually benefitted you in anyway?

Do you go around telling people IRL that stuff costs more now than it did in 1913 and that this is the result of some sort of Jewish trick? Or that they should purchase commodities that have been manipulated by JPM in the past? You totally should, it would be funny.
 
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Glad we have all these immigrants to go fight the Chinese and Russians this time around. thanks for the cheap labor and particle board houses now go die for your freedom cause native borns sitting this one out.
 
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Maurice Maine said:
It doesn't matter since wages mostly kept up. Its not like buying power disappeared, in fact it got higher.
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Wages have practically stagnated after the 70's, that is 50 years ago for those who still think it was just a while ago. The height of the American middle class was the the 60's and its been downhill ever since.
wtfNeedSignUp said:
Median wage in 1913 is 0.26c an hour, so to buy 31 bottles of milk would take about 4 hours. Nowadays the median wage is 18$ so you need about 2 hours to buy 31 bottles of milk. So even your example is absolutely retarded and work back then were far more intensive.

The discourse about inflation and fiat (or really most western economic system) is always retarded since no good alternatives are suggested behind memes that were tried and failed badly.
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Food isn't a great example since its never been cheaper. It wasn't that long ago that families would spend 1/3 of their budget on food at the least. Thanks to technology making production and logistics more streamlined foodstuffs are very cheap now even with the recent inflation price hike. Its the same with electronics, when TVs came out getting even the thinniest model was as big a purchase as a car, same with computers. Now you can get a 70" ultraHD screen and what amounts to a supercomputer from the 90's all for less than $1k, its ridiculous. On the other hand homes have gone exponential and cars are getting so expensive to buy and own that many zoomers don't even have a license.
 
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cybertoaster said:
Food isn't a great example since its never been cheaper. It wasn't that long ago that families would spend 1/3 of their budget on food at the least. Thanks to technology making production and logistics more streamlined foodstuffs are very cheap now even with the recent inflation price hike. Its the same with electronics, when TVs came out getting even the thinniest model was as big a purchase as a car, same with computers. Now you can get a 70" ultraHD screen and what amounts to a supercomputer from the 90's all for less than $1k, its ridiculous. On the other hand homes have gone exponential and cars are getting so expensive to buy and own that many zoomers don't even have a license.
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Ironically both aren't that much the result of inflation. Houses are fucked due to low amount, high demand, boomers fucking over new building initiatives to keep their houses costly, and huge speculative market. Cars are fucked by pure government intervention.
 
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best thing you can do is not go into debt, you wanna fight the tin foil order, live with in your means follow the rules to the best of you ability and stay out of there only product DEBT. if that means you have to downsize welcome to the party. if you have no counter party liability what they going to do to you? food for thought
 
wtfNeedSignUp said:
Cars are fucked by pure government intervention.
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I been to countries where government don't regulate cars and it was shit, QC was non-existent, shit-tier customer support, barely any safety and the prices were insane.
 
cybertoaster said:
I been to countries where government don't regulate cars and it was shit, QC was non-existent, shit-tier customer support, barely any safety and the prices were insane.
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I don't mean safety regulation, but regulations to gut the second hand market and regulations to make gas cars cost more to justify switching to electric.
 
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ReversingVoucher said:
I don't know what a lolcow is
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Well, there's the problem. This community is centered around that interest, but that's alright. Let's discuss some other topic and share our interests. Got any accounts on other websites for things like games and fanfiction? May we see any more writings on this financial topic, say?
 
cybertoaster said:
Wages have practically stagnated after the 70's, that is 50 years ago for those who still think it was just a while ago. The height of the American middle class was the the 60's and its been downhill ever since.
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It's not bad in america, you should see what europeans are going through
 
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