Why didn't the free market fix it?
>>539872838jews
>>539872838Nice link.
what kind of loser makes min wage
>>539872838Total bullshit
>>539872838Freer the market, freer the people
>study finds What was their methodology? Because someone making minimum wage in 1971 paid a higher percentage of their paycheck in rent and food
>>539872838>minimum wage worker in 1971. >similar lifestyle to someone making $100K today Probably more. Inflation was 6-9% in the last 30 years, not 2% as fed bank claims. So if you take $1.60 / hour minimum wage. Add average - let's say 7% inflation. >Forward Flat Rate Inflation Calculator Put $1.60, 7% inflation, 55 years>$1.60 now equals $66.10 after 55 years Assume people work 2000 hours, so from $66/ hour *2 = $132,000/ year.https://www.calculator.net/inflation-calculator.html
>>539873457>Boomer making minimum wage in 1971 paid a higher percentage of their paycheck in rent and foodNo. Basic math says otherwise.>>539873660
YOU DON'T GET IT THAT'S BECAUSE OF CRONY CAPITALISM NOT REAL CAPITALISM. REAL CAPITALISM HAS NEVER BEEN TRIED.WITHOUT GOVERNMENT INTERVENTION WE WOULD BE LIVING IN PARADISE.
>>539872838Because it's a fake controlled market. An economy centrally planned by the government that picks winners and losers all the time with a currency that they conjure out of thin air (quantitative easing and fractional‑reserve banking).
>>539873784>CRONY CAPITALISMKinda true.
>>539872838>Us population in 1971 was 201 million
>>539873784Without gov intervention, we would be living in large banks and large corporate monopolies hell, VPN guy. That's why we have anti-trust and anti-monopoly laws, enforced by the gov. https://en.wikipedia.org/wiki/United_States_antitrust_law
>>539872838>New study>StudyYeah?
>>539872838Because socialists constantly try to steer the market and make it worse year by year.And here we are with retards like you who think he still has free market like in 1971.
>>539873998anon the monsters we got from breaking up standard oil and bell atlantic is arguably WORSE than if we just allowed the monopoly. Its not settled poli science anti trust does anything, as both companies exist, control their markets regardless
>>539873146it's not. Shadow Stats is literally how 99% of countries calculate inflation (expansion ratio of M2 money supply)
>>539872838>Why didn't the free market fix it?Does USA have free market of money printing?
>>539874405>The monsters we gotBecause jews took over. When was the last time trust busting occurred? Biden, trump. Obama, bush. They all encourage monopolies. Government actively conspires with monopoly (verizon etc).
>>539874407no dumb nigger, the only thing that matters is that a single hour of minimum wage buys three loafs of bread. You are a retarded nigger, no, a person in 1971 making minimum wage is not 1:1 compared to a salary 100k worker, as no one is earning 100k by the hour largely. Fucking broke ass zoomer
>>539874477you didnt read my post did you, its because very intelligent people have concluded, dumbasses opining for trust breaking have no clue what they are rambling about
>>539872838>>539872838this is wut globalization open borders immigration took from u
>>539874605minimum directly impacts immigration negatively you utter FUCKING RETARD its the entire basis of illegal immigration, skirting minimum wage, YOU NIGGER
>>539874405None of this is true . DOJ weekly prevents some giant monopoly to buy some medium or another large company, to prevent them from conquering yet another market. When large corporations conquer yet another market , they bankrupt all small businesses and all other real competition there, that held the prices lower due to competition , and then they raise prices up. Basically result of large monopolies are bankrupt small businesses, and high prices. Economics 101.
>>539872838the invisible hand is just to busy jerking off the top 5%, wait your turn
>>539872838Leading report saar
>>539873053Back in 1971, a guy with a house and a brand new Camaro
>>539872838what free market, assholejews have a counterfeiting loicense and use that to fuck the markets and steal from us, devalue the currencyaint got shit to do with muh free marketend the motherfuckin fed
>>539874670I calculated some minimum wages above, compared to $1.60 of 1971. Turns out it should be $66 / hour, or $132K/ year. >>539873660
>>539873146nigger
>>539874537>They built back up and we allowed them to become a new monopoly so I guess we can do nothing!Ok.
>>539873784you cant have literal capitalism if your central bank is literally a counterfeiting house
>>539872918We don't allow shitskin kike animals here. Leave the humans in peace.
>>539872918Fuck off niggersource is in the image you lazy cunthttps://theleadingreport.com/article/new-study-finds-that-a-minimum-wage-worker-in-1971-had-a-lifestyle-affordability
>>539872838The free market worked exactly as intended
>>539874507>t. jew
>>539872838>WhyRule 88 of /pol/
>>539874883and repeating something you know doesnt work makes you a retarded nigger,>>539874839still wrong, last you from me, just poor trying to find an explanation for it, if you earn minimum wage, in either era, you already lost>>539874733still doesnt mean your example anti trust law addresses any of that goal post mover, no, americas anti trust laws are in fact, ineffective at preventing its very existence. Only reason Google does own every single thing is it would cost more to put it together again, but had they had permiited said trust, there would be an Ai moat untouchable by any entity on earth. Dont be facetious, there are two sides two the ecomomic dilemma of monopolies. Do you feel the same about duolopies, because more of those exist and are arguably worse
>>539872838>free market fix it?Possibly it was a free market back then, but only because those that control the financial world don't want that system any more.In other words the system is rigged against all of us, and always was.
>>539875017i am rich and shitposting from a 10k pc, you are a nigger posting from a phone, likely in a breakroom or unemployed, dont give me yous, save your white worship for your manager
>>539872918This is a good topic to discuss, ignore the red banner.
>>539873998>w-we have anti-trust lawnigger please, we have selective enforcement and certain other industries flat out negotiated complete exemptions such as Eversource buying up the entire fucking country's gas & electric distribution, and when people complained to the point of laws being made that they cant just arbitrarily jack up rates, they literally just did a consequence free end run around it and just created an entire new billing section and memed "energy generation" as its own line item on the billenergy bills have more than doubled since they were allowed to monopolize this
>>539872838You have conveniences and technologies that were science fiction in 1971.
>>539874953>https://theleadingreport.com/article/new-study-finds-that-a-minimum-wage-worker-in-1971-had-a-lifestyle-affordabilityRegarding the content of this study, it only compares costs for>housing>college>healthcareWhich are some of the most inflated parts of the economy. Housing inflated because of falling interest rates (demand), college inflated because of government spending/loans (demand), and healthcare inflated because of regulatory capture via licensing (supply).
>>539872838Because the free market was abandoned.
>>539875232>You have conveniences and technologies that were science fiction in 1971.You also have no privacy, lower T, and nigger fatigue in every modern broadcast.
>>539874878>>539875252>Housing inflated because of falling interest rates (demand), college inflated because of government spending/loans (demand),You misspelled money printing.
>>539875252dont tell the niggers about the double-digit mortgage rates in the era as well, hurts the narrative. The real conversation is about 2008 until today, pure brown thread
>>539872838because workers are the ones who get sold on the "free market"read "Wage Labour and Capital", it's amazing how well Marx holds up
>>539875320>and nigger fatigue in every modern broadcastHa ha no, during the civil rights era they demanded you suck black dick.
>>539872838It is the free market, free market for oligarchs>laughs in money
>>539874670found the shitskin
>>539875422if you want no illegal immigration you make it no minimum wage, if you dont want immigration then vote, and find yourself, you deviod of logic faggot
>>539875379>it's amazing how well Marx holds uplol. lmfao. You must be 18 to post here and all that lol.
>>539873998>we have anti-trust lawslolwe have amazona company that lost 2 billion dollars a year for 10 years by underpricing everything to destroy hundreds of thousands of small businesses with investors just keep pumping money into it until all those businesses were destroyed so then they could raise prices and be profitable and then they get a sweetheart deal with the USPS to mail shit, so the USPS is literally losing money shipping amazon packages and the taxpayer has to bail out the USPS because of this, so taxpayers are literally subsidizing Amazon to destroy the economy nice anti-trust laws we have
>>539874795>Back in 1971, a guy with a house and a brand new Camaro50s houses were tiny shoeboxes made with sketchy building standards and boomer cars had a five digit odometer for a reason.
>>539875124I too, have 300 confirmed kills and am trained in gorilla combat
>>539872838Im not sure why you think this is a problem that would be fixed by a market, or why you think that free market proponents would suggest as much
>>539875575you may be a nigger for arguing against venture capitalism im not sure, but if we stop amazon by law, that capital does the same shit in canada or whereever. Why are you so against the USA holding the capital?
>>539875662Why are you against people living a decent life and earning a decent wage?
>>539875578>50s houses shitboxes>50s houses still standing in 2026You dont even know wtf youre talking about kiddo
>>539873053>what kind of loser makes min wageThe sort of fuckwit that sits on social media all day feeling sorry for themselves and rage-posting at low effort 1PBTI demoralization posts.
>>539875341If you’re capable, compare the total loan amount between loan A: $50,000 @ 18% interest and loan B: $325,000 @ 6.25% interest. This will be a helpful exercise to allow you to understand amortization.
>>539875578>50s houses were tiny shoeboxes made with sketchy building standardsbetter than the tiny apartment that i'll never own>boomer cars had a five digit odometer for a reason.who cares when you can buy another one in a couple of years?
>>539874507this argument just boils down to>you cant just compare hourly & salary worknot superlatively useful
>>539872838What makes you think it didn't? You're just assuming that wagies should have good lives instead of being the equivalent of a human battery for the economy machine. You shouldn't assume.
>>539875726now stop being a nigger and pick one eras home demand and pricing >>539875718because its not a zero sum game but managing the wealth inside your nation or state is, but i suppose the path laid to hell is with best intentions for a reason. None of those businesses would have survived not being online, none of them couldve survived without centralizing the shopping traffic, numerous reasons exist for amazons rise. The answer to increasing a wage has and will continue to be education
>>539874733>The total number of FDIC-insured institutions in the United States was 7,262 just before the 2008 financial crisis (at year-end 2007), which dropped to 6,813 immediately after the peak of the crisis (at year-end 2009), and has continued to steadily decline through consolidation down to under 4,000.all you're telling us is that the non-connected dont get favorable treatment in this area
>>539875828neither is 60 years worth of minimum wage data nonce, find one existing 45-50 an hour job for me right now, w2, 40 hours a week
>>539875232this is a strawman argument
>>539874839Graph is misleading. It assumes the cost of good sold remained the same. Technology made workers produce more. Wages increased slightly because demand for humans didn’t grow very fast. AI will 10x or 100x production rates in many industries and there will be a huge demand for workers in those fields because of Jevon's paradox.
>>539875379fuckin jewsyou should not be able to hide your itsreal flag
>>539875904he falls for the false premise the state will just regulate morally and not self serving. Free reign economics would unironically have tighter fiscal policy then post 2008
>>539873849this is a common thing to hear but it isn't the reality of the situation. wall st centrally plans it using government as a proxy when needed. almost all of the inflation in a modern economy is due to private banks making loans. the money is created out of thin air when they do this. the loan agreement is a promissory note, which is then sold for below face value on the market for such things within the day. they never give you money they had sitting around, it is new money. when loans such as this are used to shuffle already existing assets around, instead of making new ones, it's inflationary because the balance between money supply and supply of goods becomes imbalanced.https://youtu.be/c8sN_hPHjgYplus any country that can pay its debts in its own currency, like the us, can never go bankrupt, despite all the gold and silver guys rhetoric to the contrary. https://www.youtube.com/shorts/3GJ3tJ2pLZY?feature=share
>>539872838You cannot stop the Jews coin clipping scam
>>539872910its just inflation. i dont understand what americans mean when they talk about "free markets". can an american explain? whats an unfree market by comparison
>>539875909>noncekys
>>539872838>new study finds inflation is jewish theftwhoa
>>539876129you will never be a nation, poofer
Problem is Millenials aren't willing to accept those kind of living standards, they think a burger flipper is entitled to a neurosurgeon's lifestyle.
The central bank taxes citizens to fund its operations which include providing cheap profits to banks who in turn print credit out of thin air with zero reserve and then those conspire to manipulate rates so banks can profit further and all this has then net effect of artificially raising asset prices at the expense of real cash flow in both operating margins and wages. You don’t have a free market. It is the most rigged market in human history.
>>539876164Millennials are not one person.
>>539875662>if the monopolists are stopped here, they will go elsewhere and make everyone rich there>and by everyone, I mean the monopolists>so long as we let them have a monopoly, the plebes will benefityou're going to have to do a much better job with that retard tier argument
>>539872838>whyGenerous socialist programs.>free marketDoesnt exist and youre a commie for thinking it does.
>>539875909once the jeets are gone there will be plenty of IT jobs paying that or more
>>539876164Is a basic 2b/2bth home and a decent mid-sized car a neurosurgeon lifestyle?I'm not sure if you understand what you're implying.
>>539876216yes indeed, the best way for plebs to benefit is not chasing away the exuberant legacy wealth. Its one of the very reasons the jews stopped being expelled, or did you think the nations simply grew a heart and stopped doing it?
>>539876181this is correct
>>539872838Women were also not common in the workspace.
>>539874795if you bought a piece of shit Detroit car in 1971 you were losing the game. a Volvo was the best car you could buy new in 1971
>>539875320nigger your toaster and fridge literally spy on you and communicate via meshnet with your neighbour's tv, fridge, toaster and carand none of those things do anything else but spy on you, because they need constant software updates and break all the time. everything has gotten objectively shittier, on purpose. but at least we all get to work doordash to pay for our engineering degrees. WE'RE LIVING IN THE FUTURE BROOOOOOS!
>>539876282but is that minimum wage tier skill level, sounds semi skilled to me, any nation with a 100k minimum wage is either named Qatar or has money like zimbabwe, this entire thread is a pysop
>>539875575Glownigger controlled monopolies don't count, as glowniggers don't abide by any laws. >Verizon and AT&T >Fakebook>Google / Alphabet agency >Amazon , created by son of DARPA director, etc. You have glownigger spying overwriting any laws, after 9/11 and after they signed Patriot act 1.0 and 2.0.
>>539876095>. i dont understand what americans mean when they talk about "free markets". can an american explain? whats an unfree market by comparisona free market is a system of mutual exploitation, whereas a controlled market is a system of centralized exploitation (i.e. German government subsidizing green energy to deindustrialize the goyim)
>>539874839I guess that's before you factor in automation and the lack of income the govt taxes corps for each lost job that could go towards welfare /more free time.
>>539876328>or did you think the nations simply grew a heart and stopped doing it?
>>539875578>50s houses were tiny shoeboxesAs opposed to a bedroom in a shared flat that you will never own?
>>539875320instead of hearing while flipping through the radio "SAY IT LOUD, I'M BLACK AND I'M PROUD!!!" on the radio (which is a great song unironically) or the constant "plight of the negro in America today"FBI literally wiretapped peoples home phones and party lines would inspect your mail before it got there (they still do this) if you are suspected to be a communist, black nationalist, Nation of Islam, or vaguely interested. not much has changed to be honest (in my opinion)
>>539876025>It assumes the cost of good sold remained the same.All other calculations assume QUALITY of goods stays the same. When in Reality and due to planned obsolesce and china manufacturing crap, the quality of goods went DOWN significantly. Frige used to last 40 years. Then 15 years. Now modern fridge can break down after 3-5 years.Same with washing machines.Same with cars. etc. etc. etc.
>>539872838That is the consequence of mass migration and de-segregation acting as a civilizational plague spreading outward from niggerfied society zones.If you are unlucky enough to fall in the path of the niggerfication plague, you lose tons of money, and only the people whose houses are too expensive for any niggers to ever buy are immune to this effect. So desegregation and niggerfication is a transfer of wealth from everybody to the richest
>>539876452square footage is indeed, the basis of the mathematical argument here frog. You can not jump from real estate to employment to healthcare in the same conversation and try to dunk about mininum wage. The running metric is loafs of bread. The big mac metric is also useful, neither of which will lead you to believe someone in 1971 unskilled, made what is 100k today, its false, its untrue. All this should do is force a conversation about commodity fiat currency versus gold or no fiat
>>539872838The free market fixed the problem of goyim having too much freedom
>>539876622If I understand correctlly we can't have proper socialization because you people fear black people
>>539876095to them it means a markey without any government interventionthis is a perversion of the original meaning, which was a market free from rentier capitalism. this was adam smith's view, who for some reason is the favourite of libertarians who never read. he basically had the opposite view of them. they just use his line about the invisible hand of the market apportioning goods and ignore the caveats.>inflationwall st loves this, as do most investors. this means it's cheaper to get loans to buy more stocks, as this strategy lets them write off interest payments from their taxes. whenever there's a rate cut, shitcoin goes through the roof and so does most of the market. as i've already posted, inflation is 95% caused by private banks, not government spending where it might actually do some good.
>>539876622i agree overall, but free public education is probably the bigger driver, remove the middle and lower class need to formally educate and property tax, watch the median household wealth increase. Instead lower class will never get access to quality education, bc they cant pay for it with their tax base. It would be better to struggle few generations, pay for the effective school.
>>539874929It's that shrimple. Corruption, no ethics or oversight has ruined us. AKA. jews
>>539876164>>539876164neurosurgeons can't afford to live in vancouver due to criminal flight capital from chinese criminals being used to buy up all the houses for speculation. when i was there in 2017 all the for sale signs were only in chinese characters, no english to be seen
>>539875578>21yo zoomer wants more than this because he watched too much tiktok and instagram reels>will get even less than thiswhat a retarded generation you little guys are.
>>539876160it's poofter, dumb cunt
>>539876733>because you fearno it's because niggers actively destroy society (see every nigger society ever)Niggers destroy territory and lower its economic value objectively. That is the reason people want to avoid niggers, because of the statistical behaviors associated with them which are incompatible with advanced civilization
>>539872838Because all the niggers and browns that traitorous demon christians imported depressed our wages to hell and made housing an impossible dreamThanks christcucks!
Solution is simple:Ban any money then gold at capital punshement.Ban fractional reserve banking at capital punshement.Ban lending of anything but physical gold delivered at capital punshement.
>>539876736I don't know, civilization has no answer to 'what do we do with all the devil nigger children?'Stuff them into public schools is the best we've got. Of course this has many of its own problems, but the underlying problem is simply niggers destroying everything and kikel making a profit from it
>>539877088p.s. i don't support public education funding as such, and am homeschooling my kids
>>539877088the answer is unironically remove the minimum wage and child labor laws and you sentence the first crime to work, unfortunately, its too close to slaver, you know, the whole thing we killed 300k of ourselves for to advance blacks, maybe 2 steps from the fields
>>539876856Well there you go. They want a house like this, they don't want to live in a 50s shoebox and then wonder why they're asking $375,000 for it.
>>539873784>didn’t even edit the meme>can’t even ask AILazy nigger. You aren’t in a position to be judging anything, let alone systems of ownership
>>5398771461. Those cute tiny homes now go for either +$1.4M or $20k no in-between, the latter being a previous crackden for de'shawn2.You're a pathetic jeetThank you
>>539875252Housing is inflated due to non-stop shitskin flooding along with investment companies buying up all the supply. College is flooded with shitskins as well, taking up valuable space for natives, healthcare is inflated due to, you guessed it, more shitskins along with kike scams like insurance.
can believe this. im on £90k and still basically live like a student since getting a mortgage>no industry left>south east england property price ballooning for decades>spiralling national debt and tax hikes because moronic government can't stop wasting my money on thirdies and useless public sector workers
>>539875232I'd rather live with the 1820's tech base if you could bring the demographics from 1971 back. Babysitting shitskins and importing them wholesale have absolutely killed my top and bottom line for as long as I've been alive.
>>539872838That is when the concept of a retirement stock account was made.
>>539873457Where in the fuck did you get that idea?
>>539872918Oy vey! Shut it down.
>>539873457Inflation was about 4.3% in 1971 and climbing.
>>539872838If you think the market is more free than not these days you are extremely mentally ill.Eveything is taxed, regulated, and inflated into oblivion.
>>539873998Oh, yeah, those anti-trust and anti-monopoly regulations worked so well in preventing monopolies and cronyism didn't they? They definitely didn't increase monopolies and cronyism by destroying the state and megacorps competition via the revolving door of lobbying and government regulation
>>539875578>sketchy building standardswut, my 50's built place is built out of inches thick hardwood and brick and mortar it will last another 100 years
>>539872838It did. The market deemed 1970s labor as too expensive and corrected it.The appropriate price of labor is the one in which we all live like broke filipinos, hence the unlimited immigration.
>>539873146Kill yourself nick
>>539872838Because cryptocommies have been sabotaging it since at least Clinton.For the free market to workit does not to actually exist.Instead we are living in dysfunctional paralysing regulatory overbloat dystopia thanks to globalist retards.
>>539872838society has always had winners and losers, its just the human condition and has more to do with genetics, opportunities and luck than anything else. stop your fuckin bitching faggot
>>539879110>built out of inches thick hardwood and brick and mortarPost pics with timestamp.
>>539872838>Why didn't the free market fix it?Immigrants and jews
>>539876095But why is there inflation?
>>539878194As a Jew, these kinds of images really piss me off. Not all Jews are a part of the cabal.
The other thing was back in the 50s a lot of home construction/renovation was sketchy stuff done by your neighbor or co-worker Al who might have done electrical work in a Navy shipyard during the war and he wasn't an actual licensed or bonded electrician.
Markets are not free at all, and close more and more every year.That said, it's a fruitless argument because other things 'must be done' before the economy is fixed one way or the other. And those other things probably won't get done at all. I would bet on continuing growth in disparity in most places.
>>539872838it fixed ittrickle up economy working as intended
>>539872838>Why didn't the free market fix it?Is there more or less "market" regulations in America now, than there was in 1971?Is taxes higher or lower now than they were in 1971?
>>539876362I got a 'murican buddy restoring a p1800.Wants to put an American engine in it though, for more power.Bit silly when the original (admiddtly somwhat anemic) motor is known to last for millions of miles without nothing but basic maintainence.
>>539881071>Not all Jews are a part of the cabal.Yet almost all will gleefully jump at the chance to destroy your host if you have the least smidgen of power. Sure there are based jews, but their numbers are so vanishingly small that there is almost zero chance you are one of them.
>>539872838>>539872918>Whypost-1970s Financialization of the global economy.Totally walled off and segregated from the Real Economy of goods-services-commodities(in which 1980s-90s neoliberal offshoring of the west's manufacturing productive capacity played a major role, along with no-borders corporatist globalism and 'free trade' agreements etc.)
>>539872838>>539884503post-1970s Financialization of the global economyTotally walled off and segregated from the Real Economy of goods-services-commodities(in which 1980s-90s neoliberal offshoring of the west's manufacturing productive capacity played a major role, along with no-borders corporatist globalism and 'free trade' agreements etc.)
>>539874953if you ask chat gpt to fact check this article it says millenials pay less for flatscreen tvs and other electronics therefor millenials should stop their bitching about never owning anythingBased
>>539873904The faith and prosperity gospel that you call "capitalism" always has cronyism integrated inside it.This is akin to it alnost being impossible to have a fore without smokeThis is why you have "mixed markets" in reality and wjy competent, uncorrupted and criminally liable politicians and politics is so importantHowever reagan sharted into your heads and dismantled the state and progressive tax that allowed what retards now call "golden age of capitalism" (in truth "the great compression") in the 1950s and 1960sAfaik the capitalists/oligarchs in the US are even setting up a new red scare campaign lmaoi'm not even smug because this shit is being done to us by the elites we allow to draw wealh and breath here as well
>>539872838>>539884503>>539884572>post-1970s Financialization One phenomena of Financialization is the concentration of speculative debt instrument assetsReal estate, in the west, is the intersection of the Real Economy of goods-services-commodities with the walled-off Financialized economy(because particularly for residential real estate it i a commodity required by the Real Economy and vast majority of citizens in which to live: for the speculatived debt asset class, residential real estate is a mere poker chip in the Financialized gigacasino, and by vast magnitude the most over-valued / bubbled asset market of the past half century)The Money Delugehttps://www.youtube.com/watch?v=t6m49vNjEGs
>>539872838>free marketlol
>>539884606In 1968 it took the average UAW worker 4000 labor hours to own a home in Detroit. Today the average UAW worker can buy a home there with a single week's paycheck.Modern factory workers literally have it 40X easier than boomers did.
>>539874929>capitalismThis anon is correct. Post-1970s Financialization >>539884503 is the process of officially recognizing (in 1999, repeal of Glass-Steagall) global investment banks as casinos, and they along with all other HNW markets and holders are continually backed up by infinite supplies of debt note fiat currency from private central banks. All wealth today 2000s-forward is sourced and comes from (no not 'capital', 'work' or 'labor') *speculative debt instruments* none of which existed prior to the 1980s.Capitalism died and permanently went to heaven in 2008. Whatever this is 2009—2026, isn't 'capitalism'
>>539872838Thee body problem. Our currency is controlled by a predatory third party collective that manipulates the market and consumer for their own profit while producing nothing of value for anyone except themselves. The money market exists to extract value from the free market at the expense of the producer and consumer. They are the fucking problem. Kill the top 2% of bankers and the market will correct itself. The "ism" that they operate under is just a brand for the masses to attach themselves to. Except communism. Fuck communism.
>>539885034>DetroitThere is one other statistic you are not accounting for.
>>539885162Sound money is one goal. That is not the entirety of the post-1970s problem however.Central banks now preside over not just a global fiat counterfeiting network (fiat debt-note currency) but a worldwide black box gigacasino that has zero accountability and generates all of today's wealth from speculative debt instruments. ^^^^^Look into the eurodollar networks<---It's important to understand, comprehend the banking system (cf. Bill Still's 'The Money Masters' for one primer) and sound money. But scope of problem and cancer goes far, far, FAR beyond solely that
>>539884503its always nice when someone realposts
>>539872838look around you.look at how many people do jobs that consume a lot of time and resources but do not produce anything of value. no goods anyone might want to have or consume, no services anyone needs.just retarded bureaucracy and other crap that could disappear tomorrow without anyone even realizing.now imagine if all of them were forced to do a job that actually creates value.shit would become so much cheaper simply because the supply side would drastically increase.
>>539872838We don't have a free market https://en.wikipedia.org/wiki/Crony_capitalism
>>539872838fix it?
>>539876095>inflation shalom
>>539873784Neo liberalism is government intervention, they create markets, set market conditions in existing markets and create the regulations when they don't like what is going on in a certain market.
>>539873457>Because someone making minimum wage in 1971 paid a higher percentage of their paycheck in rent and foodObjectively incorrect.
>>539875252more importantly, the average 1971 housing, college, and healthcare experience has not inflated at all. we just wouldn't consider it appropriate for human beings these days
>>539874878yep my boomer father shovelling driveways for $2 an hour back in the 60's was doing better than most are now
>>539872838Doge was really interesting. They found 14 computers that sent money without any bank attached. Us aid. It all caused inflation. The usual suspects have control of the money.
>>539885034>Ignoring back taxes
>>539874405If you wanna see anarchocapitalism, go to Mexico. The cartels will teach you all about anarchicapitalism
>>539872838Elon Musk wants to import millions of jeets into America so he can pay them less than a white person.
>>539875075The problem.yourr citing is conglomeration, a way around antitrust more or less
Milton Friedman told you exactly what a global freemarket wants.It wants open borders and mass movement of labor, they want you to compete with the 3rd world and live dogshit lives.Hell, he said any restriction on the free movement of labor is screwing the consumer. Do you want to screw the consumer? How will they get their cheap fucking TVs?
>>539872838They weren't buying AAAAA games, $10000 gayming rigs, crypto, avocado toast, dank frankenweed and Muskmobiles either.Literal retards in '71.
>>539888432>, they want you to compete with the 3rd world What do you do for work and how hard is it to compete with some 70IQ street-shitter who doesn't speak English?
>>539872918Demoralizing who? The rich and billionaires? Fuck off retard.
>>539876095There literally wasn't inflation in the U.S before jews.
>>539873904My nigga, what do you think happens when market competition occurs? Any market tends toward monopoly. The winners eat the losers and then erect barriers to entry, or simply eat new entrants. Every established market is like this. In cases where there is 'competition' it is usually a total illusion just to avoid anti trust laws.
>>539888841>Demoralizing who?The sort of retard who believes that people were paid in gold coins in 1972, that anybody besides seasonal migrant workers gets paid $7 an hour now. or that because the "average" home price is whatever the fuck it is right now that they cannot possibly find a place to live for less.Actually, you know what. The sort of person that sits on 4chan all day reacting to this sort of shit actually is completely hopless, will likely never earn beyond minimum wage in their life, and probably is better off just fist-bumping a train and hoping to reincarnate as not a dalit in their new game plus.
>>539875578How much is that lot today in your country? A million dollars lol?
>>539872838>Why didn't the free market fix it?Because that was possible due to socialist government regulation. Poorly regulated Capitalism always leads to rampant inequality.
>>539888840Have you trained your jeet replacement yet?The oligarchs don't care how capable these people are, just that they're cheaper than you and can be used as leverage to depress wages.On a national level, you should find it repugnant that the least among our countrymen are forced to compete with foreigners within our borders. You're a handwringing faggot and your industry will feel it one day, even if there's a "no foreigners" clause it will just take another generation for some foreigner with a brith certificate to invade your industry.
>>539889067>just pull yourself up by your bootstraps kid>just outbreed the invasion kidBoomers like you need the pillow badly.
>>539872838Because the free market hasn't existed in a century.>>539889132>implying a commie brought us out of the Great DepressionWartime got America investing in itself, and that got us out. Spending more of other people's money never got anyone anywhere.
>>539889373>Spending more of other people's money never got anyone anywhere.Anon.....What do you think military spending is?
>>539875252Compare Macdonald's menus or bread, you will get the same results.Very few things got cheaper or stayed the same
>>539889373>Spending more of other people's money never got anyone anywhere.Yes it has. It's called investing in your citizens and infrastructure. These retarded libertarian slogans only work on braindead teenagers.
>>539876095A free market in classical theory meant a market in which neither buyer or sellers had any power to alter prices, perfect information, no barriers of entry or exit, it's formed by many buyers and sellers and transactios carry no cost.Of course this is a purely theorical model inspired in Newtonian physics
>>539872838Uh oh. Inflation exists? Better become communists so no one can have anything that isn't government approved ever again! retard
>>539874477It was Jews that broke up Bell in 1980sJewish power in USA depends on control of communications and Bell was a threat to thatJews aren't doctrinally pro-monopoly or anti-monopoly.It depends who controls the monopoly.
>>5398728382 paid off homes owner GenX here. Sucks to be you. Chop Chop. Get to work. I'm taking social security in 17 months and buying a new RV.
>>539889067>will likely never earn beyond minimum wage in their lifeKek the previous paragraph in this same post says no one makes minimum wage.>The boomer paradox, we all make well above minimum wage and our affordability issues are made up, also you will never make more than minimum wage because you suck apparently.
>>539890028If you are taking SS in a year and a half you are not GenX boomer faggot. The earliest GenX qualifies for SS is in 2032.
>>539890267I'm 1966 GenX you moron. I'm eligible for bennies in early 2028. Like I said, chop chop get your dick to work.
>>539889795>pricesZero price discovery mechanism exists in global 21st century capital markets. Product is totally disconnected from value in post-1970s Financialization of the global economy. Every single HNW entity and venture is 'too big to fail', backstopped by the eternal promise of infinite QE from central banks since 2008. Capitalism no longer exists: whatever this is 2009—2026 is not 'capitalism'.
>>539872838Too many social programsToo much immigrationToo many niggersKikes
Don't worry. EVERYTHING will be SO MUCH BETTER once you dismantle the US government and install communists from China as the rulers of America.
>>539873998thats funny because trump and a majority of politicians can be tried for conflict of interest several times over at the moment and nobody has done shit.
>>539872838Yep.
>>539890836That's because the product nowadays is financial.Just like in the cars market with the payment plans, the physical economy has been relegated to an excuse for speculation
LOANS!LOANS!LOANS!loan me a cup a sugar ,im making cookies.Spent all my credit on clothes and toothpasteGot the flour and butter on a loan too.
>>539872838>Why didn't the free market fix it?It did. Free market capitalism is designed to concentrate wealth upwards, and today’s elites in the Western world hold more relative wealth than any other humans in the history of the planet.
>>539875232Now include the annoyances as well
>>539872838OkBut at least we have /pol/Who needs sex, or a social life. Or a good income?? This place and the internet was completely worth it
>>539872918Actually things are just bad and people can tell. We also know you’re trying to make things worse.
>>539875578That’s a lie. Houses were made a hell of a lot better than than they are now.
>>539875252Do you want people to live without a house or going to the doctor, are you fucking insane?
>>539872838>after 1971>free marketJust when regulations and legislative inflation went into overdrive (and plain inflation with central bankign abandoning the veneer of link to gold).
REAL CAPITALISM HAS NEVER BEEN TRIED
inflation is a hell of a drug
>>539876164Everyone who works should have a decent living wage or we are truly slaves.
So you take out a loan on the carThe loan is worth more than the carSo the car gets valued by the loanOh wait thats not cars thats housing.Car loans are just another subsidy for auto companies and sales markets.Education loans i think is the same way as housing. The education becomes values in terms of the loan.So the more loans we take out the more inflation. but we are tied to loans on so many necessities now. thus causing the run away shit. but the bankers dont want to stop. The credit card companies dont want to stop.Becuase these loans are actually like 70% of our economy, so the government doesnt want to stop it either. ironically this primscy on financial instruments has pretty much locked america out of anything in terms of manufacturing. Instead they go hard on data centers.the only way i see out of it is creating a military economy where everyone joins the military then the government pays the military to set up infrastructure etc...seems like a way to transition to communism/socialism.
>>539872918Rope is cheap kike, try some
>>539872838The "free" market did fix it - for the jews who control the market.You think jews want their slaves happy and comfortable? Fuck no. Jews want the goyim miserable and desperate.
>>539891046>the product nowadays is financial>physical economy has been relegated to an excuse for speculationCorrect.In the post-1970s Financialization of the global economy, it is solely and only about making money off of money itself alone. Nothing else even exists let alone matters. For major transnational corporations, their own brand product output may as well *not exist* at all. Most of corporate profits today are shoveled into (no, not capex improvements of their own service/manufacturing line output) buybacks of their own stocks to artificially boost valuations.This is where the Financialized system today is incentivized, totally. The Real Economy of goods-services-commodities, may as well not exist at all and for all intents and purposes today of the HNW entities and investment banks, doesn't.97% Owned — How is money createdhttps://www.youtube.com/watch?v=XcGh1Dex4Yo>"The real money to be made in the world today is not by producing anything at all. It's simply by forms of speculating — basically making money from money. That's the most profitable, and by far and away the biggest form of economic activity that exists in the world today."— Nick Dearden, quoted in the film '97% Owned'
>>539875032> >Why>Rule 88Always.
No one wants to take a loss on shit they sell. Espically the big shit
>>539876813All the west is the same all non-white money is criminal capital just like the shitskins themselves are criminals
>>539890396>1966 GenXBarely making the cutoff for GenX, taking gibs as early as you can, and gloating about making others lives harder. You might meet the book definition of my generation, but you are absolutely a spiritual boomer.
>>539872918Nigger nigger nigger I got nigs in my nigger and I feel like nigging you.
my 86 year old neighbor tells me how he earned 10k a year and bought 40 acres for 6khe didnt even finish high schooli managed to explain this to him and thankfully he recognizes the problemwe are getting raped
>>539872838In the 60s a brand new concrete block, 3 bedroom house cost $9kWhen it debuted, a new 1963 Corvette Sting Ray cost $4,037 for the base convertible and $4,252 for the base coupe.
>>539872918
>>539872838>ABSOLUTE HORSESHITMy mom made slightly better than minimum wage in 1971 and we were poor as fuck in diversity ghetto apartments.I agree wages have not kept up with inflation but all this false info does is poison the well.Of course you faggot niggers will slop it up without objection.
The current destruction and subversion of the United States by the Federal Reserve using:-QE (IORB and RRP) to counterfeit our currency and undermine its value-MBSs to acquire land and buildings-Congressional Public Issues for deficit spending to destroy the futures of the nation and the youth-the Intragovernmental Debt system to skim off of GAS treasuries & the non-marketable government securities of US savings bonds, SLGSs (special securities issued for states & cities) & large government retirement funds such as the Thrift Savings Fund (managed by BlackRock), etc.-their repo casino to pawn treasuries & undermine long term investment-reverse repos to pay MMFs to NOT invest in the US economy-metal market rigging via paper contracts to keep the prices of silver & gold low-margin loans to fund risky hedge funds & family offices that endanger our global economy-FX market rigging to check kite at their other implemented debt-based central banks-the US taxpayer to fund the Ukraine war & steal its resources-their authority to undermine innovation in crypto-inflation to destroy the middle class-interest rate hikes to kill off more small banks-China investment to undermine the US & global stability-regional bank vulnerability to target entire sectors-its clout to protect its largest primary dealer, JPM, from prosecution for aiding & abetting sex trafficking at the highest levels of government, industry & finance-their Sect 13.3 emergency powers to misallocate capital, reward failure and acquire assets during their avoidable, engineered crises using SPV (Special Purpose Vehicle) LLCs-conflation of their increasingly-WORTHLESS Federal Reserve Note with the US Dollar (which is a fucking UNIT), thus destroying the value of a US Dollar on the world stage and threatening our global economy and national securityWe need to dissolve the Fed, nationalize its 12 regional Federal Reserve bank franchises and AGAIN ISSUE debt-free US Notes.
>>539885385hey anonhow about yesterday? big drop in AI stockslol
>>539873660In 1971 minimum wage was $1.60 and silver was ~$1.60 an ounce. Today it costs ~$70 per ounce. (This lines up pretty well with your estimate of $66/hour.)In 1971 gold was $35 an ounce. $1.60 x 40 = $64 meaning you could buy 1.82 ounces of gold with 40 hours of minimum wage work. Today it costs $4265 to buy an ounce of gold. $4265 x 1.82 = 7762.30 / 40 = $194.05To enjoy the same purchasing power that a minimum wage job afforded in 1971 you have to make $194/hr today.
>>539872838Currency debasement.
>>539875578>Why would anyone want a house built out of bricks and real wood when they could have a cardboard crapshack wrapped in tyvek and a 100 year mortgage?
>>539872838Boomerswon’t believe this and will just continue sucking jewish cock.
>>539872838the free market doesn't work because of a corrupt monetary system in which inflation is a feature and not a bug.people keep mistakenly arguing over economic systems, capitalist vs communist/socialist ect. when the core problem is the monetary system itself. It doesn't matter what economic system you live under, as long as the monetary system is built on (((debt-based usury))) it's ponzi nature will always lead inevitably to economic ruin.#EndTheFed
>>539894866And how much does a multi bedroom apartment, food, utilities, etc. in the ghetto cost today? I'll bet the same woman would get pretty close when you count up all the gibs, programs, etc.
>>539875032i hate modern economic theory so much bros
>>539895435we're all waiting for the bottom to drop outWhat do you think of South Korea?
>>539889306>your solution is to have no regulation?Literally the opposite
>>539872838If you make 100k gross, you can afford around a 300k house. I make 115k gross and live in a cuckpartment.>durr buy a house in the middle of bumfuckOk, so quit my 115k job and work as a farm laborer for 30k. Or commute 300 miles a day. Got it.You goyim really think once you make 100k you're finally going to be able to afford everything you've ever wanted. 100k is literally just what 50k was a decade ago. It's barely breaking the poverty line, and you'll never even get there. Stop whining and start revolting.
>>539898028>ID gAYWay to fail at reading comprehension, because that is exactly the implication. $100K today is bare bones minimum poorfag in 1971. Also 100K is not enough to buy a $300K house unless you are retarded. Have fun with your annual 10K tax and 5K insurance bill on 65K take home.
>>539891679Define work. Is jacking off on camera work?Define decent. Most millennials believe 'decent' to mean owning your own multi room detached home all by yourself, while also leasing a new car every 3 years, and having the newest iPhone every year, and all the weed you care to smoke.
>>539875032I thought jews were supposed to be good with money?
>>539891710the only way out is to end the motherfuckin fed
>>539873660>Probably more.>Inflation was 6-9% in the last 30 years, not 2% as fed bank claims.>So if you take $1.60 / hour minimum wage.>Add average - let's say 7% inflation.Your numbers are wrong, retard. Plug those into other costs. According to your math a Honda Civic should be $150,000 now. A gallon of milk would be $20-$40. If you're not just stupid you're trolling, but there are liberals dumb enough to believe your numbers. In fact $1.60 in 1971 equals $12.81 now. Gold and silver are just overpriced memes.
>>539872838It is far worse.Closer to 300khttps://chatgpt.com/share/6a6bc076-4a04-83ea-bf1e-4a834c2ec96d?ogimg=plain
friendly reminder: you will have to work 2x as hard for 1/2 as much as the generation before you, and the generation that comes after you will have to work 2x as hard for 1/2 as much as you have right now, all because a christcuck up and sold our country out to jews.with christcucks, jews win.
>>539902372>In fact $1.60 in 1971 equals $12.81 now. Not even close. The government numbers are laughably under reported. Take houses. In terms of "time price" (hours of work needed to buy a square foot), housing became roughly 17% to 31% more expensive in 2023 compared to 1971, even after adjusting for the fact that modern homes are required by code to be significantly larger (average new home size increased from 1,400 sq ft in 1971 to 2,286 sq ft in 2023). And that is WITH fake government numbers. You could do the same thing with education, healthcare, autos, etc. The average person today has to work their ass off to get to parity to the average person in 1971 while also dealing with ever increasing crime and societal degradation from shitskins.>Gold and silver are just overpriced memes.Now I know you are a kike posting bullshit even you don't believe to try and fool the rubes.
What's sad is that Israel only receives $20K per family each year from the US. How is anyone supposed to live off of that?
>>539898535>100K today is bare bones minimum poorfag in 1971No, retard. 100k today is about 18000 in 1971 which was about what a senior engineer or accountant would make then. Metalfags overestimate badly because gold and silver are overvalued.
>>539874407Tom might be high, yo!1970 McDonalds Big Mac Cost = $0.45 ~ $0.49
Are they doing shifty word play where they are saying someone who would have made todays minimum wage, which in some areas is $15+/hr, would have lived like a king in 1971?
>>539872910Yep. All kikes need to die.
>>539872838Because the free market optimizes for variables and fiat currency starting on august 1971 mean humans become a variable to optimize to cut costs.
Well I am 77 and if it was not for our home my wife and I would be living in the street. Feel for young folks. If they do not have a rich uncle or some other advantage, they are fucked. My first house in 1971 was 20000 a year and my car was a super beetle. Believe new it was 2400. Also I had a coin collecting hobby and bought 20 dollar gold pieces for under 50 dollars each. Bought one each month for ten years, and now I will sell one on occasion all cash no taxes. This is quite the shit hole we have and have no clue how this will end up. My grandson came to me and I basically told him to fuck this shit learn how to look for Gold, head to the hills and starve for 10 years and learn how to do it. By the time he is 40 he will be rich. Sorry young people the world is fucked. Good luck.
>>539905298meant to say my first house was 20000 and I earned 25000 a year working at Dupont. My wife and I could not spend the money.
>>539896947you mean the chip company? hynix?just part of the AI bubblethe elitists last (poor) attempt at world domination kek
>>539872838Though this is almost certainly a shill/demoralization thread, we can still apply our thinking caps to it. I know that in a certain year, I was in 7th grade. for my school that was junior high. we had a field trip for the gifted program to the local state university When the "any questions" came up I wanted to know what this cost. At that time I distinctly remember it was something like 450 dollars a semester. I had to have 15 week semesters, two semesters a year explained to me because I was in 7th grade for christs sake. But I knew what a decent college education would cost right then and there. Less than 1,000 dollars a year would cover my tuition. Like 3600 dollars at those prices would "buy" a 4 year degree.>lets do the math.3600 = complete degree (4 years?).at 52 weeks (one year), that's just 69.23 a week for one year.This was in about 1980 for reference.in 1980, I had it figured out. I could work for about a year and a half, maybe two years. At minimum wage. Then? I could afford to go and get my four year college degree, paid for up front.>by the time I *got* there in 1987, tuition had skyrocketed up to over a thousand a semester. My 3600 dollar four year degree? suddenly had become 8,000 minimum. The price went up a couple hundred a semester, every semester, like clockwork. Same school is many thousandZ per semester today, and books plus fees are out of sight right with it. I understand that the 1971 calculations are even more extreme, I just happened to have figures for 1980 and 1986. In 1971, I think it was two hundred dollars a semester, to be honest. You could pump gas part time, and pay for your own college degree. No problem>Now for OP image claims.1971, minimum wage was what, even.Feb 1, 1970 Nonfarm $1.00Feb 1, 1971 Nonfarm $1.60NOW we know why they cherry picked 1971, 1970 was a dollar an hourThere was a 60% increase just before OPs date.Even at 1.60 per hour, I don't see 100k living style on that even in a small town.
>>539905604>giftedthis term will date you
>>539873457>>study finds >What was their methodology? Because someone making minimum wage in 1971 paid a higher percentage of their paycheck in rent and foodI know that in 1970, minimum wage was exactly a dollar per hour, LMAO.
>>539905604>You could pump gas part time, and pay for your own college degree. No problemwhat you're not saying is how few college seats were available
>>539905685what could you buy with a dollar then LMAO. ?
When you throw away your trump card, your hand will eventually have to fold.https://www.youtube.com/watch?v=wwmOkaKh3-s
>>539905685a weeks groceries?a tank of gas? what did a 1970 car cost new, 1600$? house 17k?in 1970 what did a blowjob cost? for a single hours work?
>>539874839CEO pay is also tied to stock and unsurprisingly American companies have also increased in value
>>539874795>>>539873053>Back in 1971, a guy with a house and a brand new Camaroin 1971. in just the right small town, yeah. Used small old house, out off the edge of a small town. You could do that on a minimum wage gas pumping job back then. in 1980, you could work 40 hours at a gas station and have your own apartment or house rented for yourself and even a beat up old car. all on minimum wage in a small town. You have to live in your vehicle these days, even in a small town, on minimum wage.>TL;DR --- minimum wage ain't.its now officially under-minimum wage.
>>539875232>You have conveniences and technologies that were science fiction in 1971.my three month water bill (quarterly) was like less than 16 bux every three months, I bitched when it hit 20 bux. Ten years later, I got the same water, the same everything... except magically its over 30 a month every month, just ten years later. how do you go from 6 dollars a month to 30 dollars a month in 10 years, with no other infrastructure worked on. Just, number go up and fuck you if you notice.
>>539906008A dollar bought 1 or 2 gallons of milk and a new car cost about $3500.
>>539875578>>>539874795>>Back in 1971, a guy with a house and a brand new Camaro>50s houses were tiny shoe-boxes made with sketchy building standards and boomer cars had a five digit odometer for a reason.there were in small towns back then, many many examples of what some people called "depression homes". very small and basic four room and even two room houses. Have an old brick garage that needs a roof? You would scrounge the lumber and build a two room apartment on top of the little garage, and proclaim it your home. The "McMansionfor everyone" was a meme far off in the future. Of course, you could also look at gigantic old frame houses, too. If you were handy and had male friends and relatives that were even handier, well, a guy could have a lot back then with basic gumption and not much money. A minimum wage guy with the right connections? He could drive a used sports car he dropped an even bigger engine into and he could tease the new Camaro guys. Get some cheap big old house and some rooms finished for himself. Or a tiny depression house, small so easy to remodel it.
>>539875232I'd go back to medieval level tech if it meant an all white nation with women in there place
>>539875806>>boomer cars had a five digit odometer for a reason.>who cares when you can buy another one in a couple of years?in 1971, that was the golden age of shade tree mechanics. You would buy something barely running with a decent body and drivetrain for next to nothing. It was easy to swap motors before the smog laws, get your buddy to spray it. com[pared to today? Yeah, a minimum wage schlong had way more buying power.
>>539903487>Metalfags overestimate badly because gold and silver are overvalued.Wrong. Metalfags are wrong because the US gold stock was held at $35/oz by the government, not by a freely traded price. After Nixon closed the gold window and it became legal to own again the price was still heavily controlled. By every single metric Au and Ag are colossally undervalued and counterfeited in the paper market. All of the manipulation is to hide the real rate of inflation. $100K today is peanuts.
>>539905298Always glad to see a boomer cognizant of the situation. God bless you.
>>539876362nigger please.not saying the 71 volvo isnt very sweet, yesbut we're talking about the HEYDAY of the detroit iron stageYou could order an sports car with a 440 sixpack,and the "economy car" was a 350 four barrel. 454 with dual four barrels was a thing, too. Example, The long running el Camino line. Horse trailer guys liked el Camino, 454 so go figure.
>>539905780>what could you buy with a dollarkekA reminder, Federal Reserve Notes are what are being issued to worthless oblivion and>the US dollar is a fucking UNITWe need to AGAIN issue debt-free, Treasury-issued US Notes like we did before (and during) the bloodsucking, obsolete Federal Reserve. We need to AGAIN issue debt-free US Notes that are pegged to a basket of commonly-used weighted commodities, distributed by a series of state banks.We can:1 nationalize Fed banksOR2 dissolve Fed and have a series of state banksOR3 issue US Notes simultaneously AGAIN and eventually recycle worthless Federal Reserve Notes out of circulationOR4 YOU CAN RIGHT NOW: use cash/barter/stack/use credit unions/use cold wallets, these five things IMMEDIATELY transfer power directly to the peopleUSE CASH, NO MATTER WHAT COUNTRY YOU ARE IN, cash IMMEDIATELY puts the power in the hands of the people. US Treasury-issued paper fiat (aka cash, aka US Notes):>is permissionless>is private>is anonymous>has no transaction fees>works in power outages>doesn’t need the internet>don't need to be a coder to use it>doesn't depend on another party having a device>everyone knows exactly how much they have>has no transaction limits or thresholds for reporting>money laundering is harder with physical cash, due to transport>is inclusive, it does not see race>is harder to use in ransoms>can’t be hacked>don’t need to remember a password to use it>IS the ultimate in payment platforms>using cash helps people to save money and budget>puts the power directly in the hands of the people >keeps the currency near the REAL goods and services>less paperwork>is face to face, not face to screen>makes government theft harder>using cash forces the debt-based Federal Reserve to serve the citizensBoycott businesses that do not take cash.NEVER USE YOUR PHONE TO PAY. Barter is the real torpedo to these fucking clowns.
>>539906008>a weeks groceries?it was like they were giving food away, at least in a small town like I grew up in.>a tank of gas?other than the gas scare of the era, they once had "gas wars" and would get it down to under a quarter a gallon. it took until 1986 and beyond for premium gas to go over a dollar a gallon.>what did a 1970 car cost new, 1600$?economy model but big engine by today's standards, under 2k.>house 17k?>in 1970 what did a blowjob cost?not sure, lmFao>for a single hours work?1.00 an hour in 1970, 1.60 in 1971
>>539875252…what side are you arguing for?I would very much like housing, education, and healthcare. Those are the things that are important to me. Some jew in the thread argued about “three loaves of bread” but I can bake my own bread, it’s better than anything sold, I don’t give a fuck about the cost of bread in a supermarket. But I can’t buy a house AT ALL. I’ve worked for a Fortune 500 in a significant position (not some fucking janny or call center role; I was one of the several hundred reasons anyone in the country could get a mortgage, making sure the mainframe didn’t halt and catch fire) and I made HALF of what I needed to afford a home. HALF. For the smallest single family home in the subdivision farthest from the city, the bare minimum, and I would need to CLONE MYSELF just to BARELY afford it.>education?>healthcare?I didn’t even bring those up and it’s already fucked beyond recognition. The cost of housing alone should be causing riots and having people bust out the guillotines.
>>539872838
>>539905780>what could you buy with a dollar then LMAO. ?three (3) gallons of gasoline, it was like 35 cents a gallon. 30 cents a pack for name brand cigarettes, so more than three packs for a dollar. there were PENNY CANDY that you would pay 50 cents for today. figure a nickel or a dime for a cold can of pop out of a machinein 1976, you could find a 15 cents cold pop machine if you looked around.a dollar went a long way, back then.100 dollars cash, that bought you a used car you drove home that night and your mechanical buddies helped you pick one out and work on something stupid like brakes or whatnot. Family members constantly gave away four to eight year old cars to teenagers. My allowance in first grade, was a quarter and I negotiated up to 50 cents a week, then a whole dollar. Man, when I finally discovered old ladies giving dollar bills away for shoveling snow? I was in hog heaven as a kid. A good deep snow, a little kid in gradeschool could make enough to buy an Atari 2600 cartridge, state of the art at the time.Atari 2600 = state of the art video game systemit went from 199 to 99 dollars within a year of introduction, early 70s. We all had one, and a good snow was another game, LOL.
>>539872838100k/year is basic income in current year.
>>539908480>100k/year is basic income in current year.depends where you are. some dots on the map, yeah, sure. A guy making 50k a year, in a small town area, that's a pretty decent job.
>>539908480Yeah, and minimum wage is like $20-$40k depending on the region.
hmmm maybe the federal reserve was a bad idea???
>>539875232>You may be working more hours, harder jobs, everything is more expensive relative to pay, you’re being replaced by foreigners who also kill/rape your kids, every bit of convenance is to spy on you, consumer rights are being dismantled, etc.>BUT NOW YOU CAN USE YOUR PHONE AS A MAP
>>539874839>>539875578I cant speak for american homes but anything built after 2010 in canada is total garbage. None of these homes will be standing in 2070 without extensive rework. The standards (on paper) have increased but no one actually follows them and the workmanship has plummeted.
>>539873457>Because someone making minimum wage in 1971 paid a higher percentage of their paycheck in rent and foodno they didn't you subhuman
You don't hate boomers enough
>>539906381>and a new car cost about $3500That was $29,000 in today's money.
>>539872838Because the US doesn't have a free market.
>>539909213Technology is supposed to get cheaper over time. A "nice" TV back then cost like $5,000 in today's money. Meanwhile you can get a 65" 4k smart TV for $500.
>>539872838I'm just a couple months from 73 and that "Study" no doubt by "experts" is totally full of shit.I bet you're the same dweezle-dimwit that says Ted Bundy the shoe salesman lived on a tiny wage and could afford a split level bungalow and two kids and a hot wife on his miserable salary aren't you? Come to Canada and participate in our free socialized MAIDS program soon.
>>539872910
>>539909562No let me explain.There is a supply and demand for human genes. As technology improves, the genes that code for a low skill worker reduce in demand. Furthermore their supply increases through immigration. These two factors contribute to drive their wages down to nothing.Now how does this manifest? Because a capitalist will rightly point out, production is more efficient, so prices come down for everyone. The price of a chair, a car, a keyboard, it comes down for everyone.But there are certain items which scale lineraly with population size. Namely- housing- healthcare- educationThese cannot increase in supply massively like the price of a watch or a computer mouse. They are relatively fixed as a proportion of population, and housing is just fixed in general.These key items are where the poor bid against the rich, and come up short. Those are the 3 things killing EVERYONE! That's your $50,000 hospital bill, your $200,000 student loan debt, your 50 year mortgage. This is what is killing everyone.Immigrants get those 3 things subsidized, so they get to escape the trend. They get to enjoy all the benefits of mass production without the cost
And that 1970 car was a boomer shitcan that the drunken UAW workers poorly slapped together after a couple of beers.
>>539908309Retires a cripped broken man from a life of disfiguring toil you mean, in poverty too since his fugly old wife divorced him and raped his asshole bloody in "Family Court".
>>539909865>Furthermore their supply increases through immigrationkek, you are such a jew
>>539895616>In 1971 minimum wage was $1.60 and silver was ~$1.60 an ounce. Today it costs ~$70 per ounce. (This lines up pretty well with your estimate of $66/hour.)>In 1971 gold was $35 an ounce. $1.60 x 40 = $64 meaning you could buy 1.82 ounces of gold with 40 hours of minimum wage work. Today it costs $4265 to buy an ounce of gold. $4265 x 1.82 = 7762.30 / 40 = $194.05>To enjoy the same purchasing power that a minimum wage job afforded in 1971 you have to make $194/hr today.Or is it just possible gold and silver have appreciated?Let's try it this way:In 1971 a McDonalds Big Mac cost about 50 cents, or just less than 1/3 of an ounce of silver: 0.3125 ounce solver = 1 Big Mac.Today that same 0.3125 ounce silver will buy you ~ 5 Big Macs? Have Big Macs been heterogeneously devalued?In 1971 1 ounce of gold would buy you 70 Big Macs!Today, 1 ounce of gold will buy you 853 Big Macs.That means today I get ~12.2 times as many Big Macs for the same amount of gold as I'd have gotten in 1971. So did Big Macs just shit the bed in terms of value or is it just possible gold has appreciated.
>>539872838>Why didn't the free market fix it?Because the government kept expanding and printing money to pay its debts. We don't have a free market, he have a corrupt cartel system or organized corruption and guaranteed profits managed by the regulatory state.
>>539911031Using "big macs" doesn't work because McDonalds has recently rebranded to br more of an upscale store so their prices increased.
>>539874507you're the dumb nigger. shadow stats looks at the real costs of living (eg: cost of loaf of bread, cost of home), not the fucking jewed official govt ones.
https://www.youtube.com/watch?v=4ZxzBcxB7ZcGeorgism and house-building ftw
>>539872838>Why didn't the free market fix it?It DID.The "free market" is the primary mechanism by which over $100 TRILLION in Wages was stolen from the working class, over 50 years.
>>539873457Lmao what?
>>539892599Only a fool would wait past 62 to get SS benefits while they can. You can die any fucking minute
>>539911151What the moneyprinting is doing is ginning up huge rates of consumption. It gets americans to buy enormous quantities of items they don't need, in order to provide them jobs.My point always was, we don't need to consume this much. We can work less, and consume less. Imagine having more free time in your day? Would you be willing to sacrifice some plastic crap from china for an extra 1/2 of your day? The average person shouldn't be in a hamster wheel of debt, they should have a million dollars in the bank backstopping them, and work maybe 20 hours a week. If people spend less time working a menial job just to consume, they have more time in their day to pursue passions. Reading, working out, family time. We would unlock vaults of creativity the internet has barely even begun tapping into.But none of this can happen since our society is based on debt, and ginning up a huge glut of consumption we don't even need. We are wastin the scarce resources of the earth to fatten ourselves like cows. We should instead measure our resources more deliberately and pursue discipline
>>539872838That was the problem and it did
>>539909748It's worse than that. We had a multi-trillion dollar infusion of basically free energy with oil in the last century. Deflation should have been off the charts. The delta between the actual inflation and the deflation we should have had is what was stolen. Add to what was sold off - manufacturing, virtue, knowledge base, training cycle, etc. and swinging from trees doesn't even start to cover the bill due from these fuckers.>>539911634You are still a spiritual boomer. Soulless, remorseless, and despised by the generation before you and those after you until the sun burns out.
>>539911031>Let's try it this way:the old metric, was always that an ounce of gold, was always a "good suit". When gold was set at 20 dollars, a 20 dollar suit was quite a dandy for the day. At the time I quewstioned this logic, I was asked. What's a really good suit? Armani was all the rage back then, rich guys liked Armani. The ounce price of gold, was a good Armani suit. If not Armani itself, how does this square with today. Like I know what a rich guy's decent suit costs him.
>>539909748ah, yes. the big console TV and at one time having color not just BW was a big deal. Cable was being tested but no one knew it yet.
>>539876164basic shit the boomers had is neurosurgeon lifestyle now kys faggot
>>539912826>basic shit the boomers had is neurosurgeon lifestylegive an example of this
the whole point of AI is to change currency from a TOOL for the citizens to trade with eachother to the currency being a PERMISSION
>>539912217wow, it almost sounds as if a TREASURY-ISSUED, credit-based nation's currency should be the metric of the value of the citizen's cooperation, labor, goods, and services
good night
