The World Financial System - The Disaster

[Zbk3VmLfujjzjxBd43tL]

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.

Yep. The root cause is the offshoring of all our good-paying jobs and growth of a parasite bureaucracy that ensured labor unions are effectively useless in advocating for workers. But there's a very big element of immigration to why our economy has never really recovered from the 1970s. Once they started letting in EVERYONE in the 1960s, that slowly depressed the pay for Americans, and it's never gone back up. Cheap labor has wrecked our economy for all the wealthiest.

If anyone has the graph of growth in wages since the 19th century, that would really be illustrative of this. That chart demonstrates even better the horrifying effect of immigration on American wages. They cratered after the Panic of 1873 which was right around the time we let in tens of millions of immigrants. They started going back up in the early 1920s after we passed strict quotas. Unsurprisingly, they started going back down again once the quotas were repealed in the 1960s.

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.

Yep. Don't forget Obama's Cash For Clunkers program, which was utterly disastrous to the lower classes. It put car ownership out of reach for millions upon millions of Americans by removing a great source of used cars and even their parts.

 

[cybertoaster]

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.

Ok got you.

It's not bad in america, you should see what europeans are going through

Saying "well it could be worse" is in my experience a self-defeatist mentality because there's always someone who is doing worse so instead of trying to improve things we stay quiet and as a result things just keep getting worse.

Don't forget Obama's Cash For Clunkers program, which was utterly disastrous to the lower classes. It put car ownership out of reach for millions upon millions of Americans by removing a great source of used cars and even their parts.

But we had to save our retarded car companies that couldn't make a car anyone wanted to buy! think of the billionaires!

/sneed destroyer of feed

 

[Fascist Kirk]

Since 2011 I follow allot of fin tube, and the things these people say are comical. Been following a chan called REI Real investment advise and the things he says day to do are Kramer levels of outlandish. But these people are selling there book, and for that I can understand.

But these people like REI are still on traditional radio and rund funds for retired people, they going to lie until the lie aint believable anymore. we are near a blow off top no matter who wins, just my autistic opinion, hedge accordingly

 

[Rootless Cosmopolitan]

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.

I don’t disagree with you that OP is extremely retarded, but this is a bad example.

Since 1913, there have been ENORMOUS advances in productivity and human ingenuity. Given that, one would expect more than a 2x accrual of value to the worker

 

[wtfNeedSignUp]

I don’t disagree with you that OP is extremely retarded, but this is a bad example.

Since 1913, there have been ENORMOUS advances in productivity and human ingenuity. Given that, one would expect more than a 2x accrual of value to the worker

Yeah but the amount of labourers and their wages increased as well, and probably the overall consumption of milk based products. It's not a zero sum game where efficiency alone reduces the price to null.

Not to mention, government intervention

 

[Peaches the Wonder Cat]

Not to worry, the US economy is in good hands.

 

[LilypaCastsUpper]

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.

I'm not a hardcore goldbug or anything, but iirc actually at times big investment banks like Deutsche Bank have manipulated the precious metal market down by dumping large amounts of it for dirt cheap to certain prearranged buyers. I don't understand it fully but they paid fines for it and like the patsy bank janitor got fired and went to jail (a pittance and a slap on the wrist of course), so something illegal was going on. Before Deutsche Bank got caught, many economist bloggers and talking heads speculated this was happening but were called conspiracy theorists.

 

[Junkers 87]

Both Deutsche and JPM were caught and fined for manipulating the gold and silver markets.

 

[LilypaCastsUpper]

This guy sells gold so you have to take it with a grain of salt, but I thought the graphics and animations were a great visual aid and the the production value was high quality. It really helps to understand the current debt-based central banking economic system in the USA. I've watched this video multiple times and sent it to a couple friends.