It’s a good development.

I’ll take it.

they didn’t went left, they went jewish social-“science” academia

The globalizer oligarch billionaires and the top ten percent loot holders are laughing their asses off at the distractionary crud they put out in the corporate propaganda apparatus. World War Tranny and binary this or that and the Black Lives Matter propaganda and Taylor Swift and random Kardashians are all just distractions from the financial looting that the globalizer oligarch billionaires and the top ten percent loot holders are engaged in.

That AOC lady and the demonically possessed Cheekbones Crazy Moon Lizzie Borden Warren Woman are kept politician whores who do the bidding of the globalizer oligarch billionaire scumbags. When AOC and Lizzie Borden Warren are told by the globalizer billionaire rodent scum to tone down the World War Tranny stuff and the other White Upper Middle Class Snot Brat deranged jargon crapola, they do it right quick.

Billionaire scum such as Mark Zuckerberg and Jeff Bezos and Elon Musk and Bill Gates and Paul Singer are using their control of the monetary policy of the Federal Reserve Bank to steal everything in sight and the mass media, which the billionaires also control, is distracting the public with mindless political slop, obscure lunatic screeching jargon mumbo jumbo and entertainment crud that don’t make no sense.

Stop Making Sense was a decent concert film by Talking Heads and Jonathan Demme, but the billionaires and the top ten percent loot holders are now deliberately using the mass media to deploy nonsensical garbage to crowd out any attempt to accurately describe just what the Heck is going on.

132,000 households versus 66,000,000 households.

35 years worth of data.

2 parties, 1 central bank, 1 result: Ever wider disparity. pic.twitter.com/fA2kHUyQAm

— Sven Henrich (@NorthmanTrader) March 20, 2024

For added perspective: The net worth for the top 1% has gone up 10 fold since 1989 and have been the real disproportionate beneficiaries as they own the assets that benefitted the most from easy Fed money policies. https://t.co/RdbfRwBkxI pic.twitter.com/6zxYrK3Tly

— Sven Henrich (@NorthmanTrader) September 28, 2022

My pronouns for AOC are “booty” and “licious.”

It seems her pronouns were removed, but that happened long before the election:

An archived screenshot of Ocasio-Cortez’s X account shows her pronouns were not included in her bio as of June 2024. Two other screenshots show that her pronouns remained missing from X bio as of October 2024 and November 2024. In fact, the last time pronouns were shown in Ocasio-Cortez’s bio on X was October 2023.

– https://checkyourfact.com/2024/11/15/fact-check-aoc-remove-pronouns-x-bio/

The problem with monetary policy cranks is they don’t understand that if elites and central bankers were really trying to loot the world etc., they’d be imposing deflation on us, not inflation.

Populists in the 19th and early 20th century hated the gold standard and pushed hard for inflation, because inflation is easy on debtors and hard on creditors. Because when you pay back the money, you’re paying it back with inflated, less valuable dollars. And easy money means that the interest rate that you’re charged is lower.

If the sinister elite central banksters etc etc were really running the show for their own benefit (rather than simply carrying out their legal mandate to maintain price stability while also allowing for economic growth), they’d be de flating the currency. Interest rates would be relentlessly sky high. The value of a dollar today would be higher than the value of a dollar years ago, making it extra painful to repay a loan, because you’d be paying back the less valuable dollars you borrowed years ago, with more valuable dollars you’re paying now, plus sky high interest.

What inflation really hits is the savings and assets of wealthy people. That billion dollars you’ve squirreled away is now worth tens or hundreds of millions of dollars less than before.

Your charts don’t mention inflation, and don’t say that they’re all in constant dollars, which they should be to provide useful information.

Hmm… something must have happened in 2008.

And no, we cannot return your penis. We sold it to be used in an experiment.

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The monetary policy extremism of the Federal Reserve Bank is the main driver of inflation.

In 1981, when inflation was running high, Fed Chairman Volcker raised the federal funds rate to twenty percent to stamp out inflation.

White Core Americans are caught in the clutches of evil plutocrats who control the Federal Reserve Bank and the plutocrats are using monetary policy extremism to create asset price inflation bubbles in stocks and bonds and real estate and other assets and these asset bubbles primarily benefit the billionaires and the top ten percent loot holders.

White Core Americans of modest means are stuck with inflation in fuel, housing, food, health care, clothing, beer and much else besides.

White Core America Will Wipe Out Inflation By Wiping Out The Asset Bubbles

WHIP…INFLATION…NOW! WIN

White Core America understands that the Federal Reserve Bank and the other globalized central banks have created multiple asset bubbles over the past few decades and the current asset bubble is the biggest one yet and to prevent the political atmosphere from becoming unpleasant for billionaires there will have to be a coordinated globalized implosion of the asset bubbles.

INFLATION is a monetary policy tool deployed by plutocrats and the top ten percent loot holders to inflate an asset bubble to benefit those who own the assets and regular people get the inflation in beer and housing and fuel and food and other things and that pounds the lower middle class and middle class and regular US people.

Raise the federal funds rate to 6 percent and then to 20 percent like it was in 1981, and fire sale the Fed’s bloated balance sheet and stop the Quantitative Easing and go Quantitative Tightening. Quantitative Tightening will pop the asset bubbles in stocks and bonds and real estate and inflation will go away along with the great expectations of the greedy ones benefiting from the current global monster asset bubble.

The QUANTITATIVE EASING highly accommodative monetary policy of the privately-controlled FEDERAL RESERVE BANK is entirely to blame for INFLATION.

Fed Chairman Jay Powell should use the six-ten-twenty federal funds rate hike system to implode the asset bubbles and extinguish inflation. Powell should hike to 6 percent federal funds rate and then pause for a day or so; after the slight pause Powell should raise to ten percent federal funds rate. Powell should then proceed to his bunker to escape the rage of the rancid billionaire scumbags and the White Upper Middle Class Snot Brats and the greedy White geezers born before 1965 and then Powell should go FULL VOLCKER to TWENTY PERCENT FEDERAL FUNDS RATE.

This is the third frigging asset bubble, starting in the 1990s, that the plutocrat- and privately-controlled Federal Reserve Bank has inflated using monetary extremism — low or zero or negative interest rates, asset purchases, quantitative easing, dollar swaps, direct central bank purchases of sovereign and corporate debt, balance sheet ballooning, bailouts…etc. — and enough is enough, DAMMIT!

Jews have been wanting to roll back wokeness anyway. They had already mostly dropped the more extreme pro-trannies and pro-black stuff from 2020. With the election loss, this gives Democrats the excuse to finally dump it.

Happy 36 trillion in debt, folks! Lady Liberty’s pronouns are We’re/Broke

Take another look at the charts proving that the Fed and the mainly Jewish, and anything but American, banking cartel it serves have orchestrated the greatest theft of wealth in human history and largely through inflationary QE putting essentially free money in the hands of Goldman Sachs and the rest of the criminal class on Wall Street.

Do you forget all the dump-and-pump fortunes made during the last financial crisis? Wasn’t Wachovia, for example, driven down to something like 75 cents on rumors and then “miraculously” rose tenfold overnight after the takeover to spectacularly reward insiders who bought on margin for nothing? How about the primary dealers unloading their nearly worthless gambling debts in bonds in exchange for Treasuries at full value? This was all due to QE—that is, pure inflation or counterfeiting of the money supply for the sole benefit of the financial elite by the Fed.

“”I am NOT going to listen to transphobia at this table!” ”

All this gay crap and creative pronouns will disappear forever within 20-50years.

Gayness is an abnormality, a brain defect caused by hormone orders mixed-up..

Once we can manipulate the brain to repair internal pathways (and we are close to being able to do this now), we should be able to repair this problem and return them to natural normalcy.

Everyone will be sexually straight, which is what evolution and Nature intended.

Covering for (((bankers))).

Won’t somebody please think of the bankers!

I wouldn’t trust her with classified info or policymaking power, but Tulsi can be my Scabbard any time she wants.

I’m no big fan of theirs. They funded the left for decades. Even though they’re being extorted, they could act together and all refuse, but instead went along just to buy short-term peace and quiet; cost of doing business that in the long term does serious damage not just to the economy but our culture.

But facts are facts.

Inflation benefits debtors, not creditors. Bankers benefit from deflation, not inflation.

All around the world, the COVID recession was addressed with lavish spending and growth-goosing inflation… and now we’re all paying the price and suffering the hangover.

Trump, by the way, put unprecedented huge pressure on the Federal Reserve (in his usual crass, norm-shattering way) to inflate the economy as much as possible, in a desperate attempt to ensure his re-election. Although Biden did the same, it’s a bit of a cosmic injustice that Biden got the blame for the inflation Trump set in motion, and that Trump got the benefit for the disaster he started.

There’s no need for this hot little Latina to tell us normal males her pronouns.

She’s 100% she/her! 😍😛 🥛

Huh? Why would they want that?

I’ve already explained how inflation helps debtors instead of creditors, because inflation makes the repaid money less valuable than the originally-loaned money, and the central banker-initiated low interest rates that create the inflation also make it harder for the creditors (bankers) to earn enough on interest to make up for the eroded value of the repaid money and harder to compensate for the higher defaults caused by the artificially lax loan terms that encourage high-risk borrowing.

You can refuse to acknowledge this easy to understand fact, but your refusal does not make it go away, nor validate your delusions that rely on your refusal.

Your response also ignores another fact that I already pointed out: that the charts you laud are deafening in their silence about the crucial issue of inflation. Dramatic-seeming charts with a line rising sharply toward the right are artificially dramatic if they all use nominal dollars rather than constant values that take inflation into account.

Furthermore, as Margaret Thatcher explained, a focus on a widening gap between rich and poor is misleading when it ignores the fact that all socio economic classes grew wealthier in absolute and inflation-adjusted terms. If you got richer, it’s churlish to whine that someone else got even richer than you did, and it’s poisonously misleading, dishonest destructive demagoguery for politicians and influencers to act as if the rich got richer at the poor’s expense. Communist countries had much less inequality — but everyone was poorer. Therefore, going on and on about the rich getting richer is in effect saying that you are so eaten alive with envy and bitterness that to prevent the rich from getting richer, you’d rather EVERYONE be poorer, including the poor.

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Bailouts for big institutions are easy targets for demagogues and ideologues who get to keep their cake and eat it too: enjoy living in the more stable and prosperous country that the bailout enabled, and yet hurl their brickbats, whip up the home folks, and enjoy the political benefits (and/or subscription revenue, ratings, clicks, ads, and donations). Of course, if policymakers hadn’t taken these unpopular steps and instead let the economy have a complete Great Depression style meltdown, then those exact same populists would have screamed that we were in this fix because of laissez-faire absolutist ideologues, that we needed wise industrial policy and economic planning etc.

Now it is correct that the endless influx of non-whites, especially non-Orientals, has an effect that depresses the wages of lower quintiles and enriches certain interests at the expense of the rest of us. But you weren’t talking about immigration, you were talking about fiscal and monetary policy.

The nyuk-nyukking doesn’t obscure your interest in this thread.

Central banking may be the topic that the far right is more invincibly ignorant of than any other. At least when they talk about race or about Jewish influence or about Israel or immigration etc, they manage to get some things right. When it comes to banking (and even economics in general), I struggle to think of any facts at all they’re able to bring to bear. Absolutely impossible to talk sense to them on this.

Well, this is not 1930s Germany. MAGA Republicans won’t be burning troon books en masse. Trannification clinics aren’t getting shut down. Troons won’t be banned from working as kindergarden or school teachers. The zeitgeist of troon tolerance is not going away. You might see the regime not pushing the troon agenda so hard, just like you don’t see the regime pushing the gay marriage agenda anymore. Because the permanent changes have already happened and they won’t be rolled back. Something that was unthinkable 20 years ago is now the new normal.

The change is less than what it appears to be.

Concentration of Wealth. Over that 33-year period, family wealth was unevenly distributed, and that inequality increased. In 2022, families in the top 10 percent of the distribution held 60 percent of all wealth, up from 56 percent in 1989, and families in the top 1 percent of the distribution held 27 percent, up from 23 percent in 1989. The share of wealth held by the rest of the families in the top half of the distribution shrank from 37 percent to 33 percent over the same period. Families in the bottom half of the distribution held 6 percent of all wealth in both 1989 and 2022.

https://www.cbo.gov/publication/60343

which came first carneystein the chicken or the egg?

i have a solution to society’s problems caused by jew fucks and the misery they create:

just say my name.

Furthermore, as Margaret Thatcher explained, a focus on a widening gap between rich and poor is misleading when it ignores the fact that all socio economic classes grew wealthier in absolute and inflation-adjusted terms.

Interesting perspective.

Does Carney maintain that the “widening gap” since 1980 has helped “poor … gr[ow] wealthier in absolute and inflation-adjusted terms”? How about those neither “rich” nor “poor”?

Is Carney “rich,” “poor,” or something else? In what “socio economic class” is Carney?

Some industries have prospered, while others have withered, since 1980. In what lines of work has Carney been engaged as an adult?

You know I’m right, so all you have is hatred and paranoia that you know is based on lies. Hatred based on no actual reality outside yourself, just your own evil. If you could refute me, you would. But you can’t – because, again, I’m not just right.. you KNOW I’m right.

Your bizarre assumption that I’m trying to obscure my interest in this thread is not just obviously and visibly wrong, it reveals a great deal about you, none of it flattering.

Interesting point.

I’d say their obsession with Jews is their most destructive belief (and counter-productive to their OWN goals).

But at least it has some bases in reality: ecumenical Christianity that treats Judaism as equally “valid” makes no sense since by Christianity’s own premises Judaism has fulfilled its purpose and is an outdated dead invalid faith like the shards of a long-ago hatched egg; Jewish elites did scheme and a Jewish mob did demand that Jesus be crucified, diaspora Jews have indeed been disproportionately supportive of destructive leftism, Jews are obviously inherently unlikely to be supportive of Gentile ethno-nationalism and/or religious agendas, Jews are disproportionately economically successful and culturally influential, and to the extent that any Jews have practiced “ethnonationalism for me but not for thee” that hypocritical double standard is extra obnoxious beyond just the hostility to our own nationalism(s) and faith-driven agendas.

Going from those facts to the Jew-hating narrative that pervades this site’s articles and comments is leaving facts behind for delusions, but at least, again, like many falsehoods, it’s based on some truths.

But there are no facts at all to justify the crankery of gold bugs and anti central bank ideology.

It’s just visibly obvious fact that inflation is the type of policy pushed by populists, by politicians pandering to the electorate, by a desire to benefit the masses in the short run at the expense of elites and the long run. Thus, inflation is the kind of thing Robert Mugabe and Hugo Chavez want to do, not the kind of thing the Federal Reserve and Chase Manhattan want to do.

I love the term “fiat currency” when its pushers want the state to use government force to mandate a specific fixed amount of a specific commodity at a specific value as our currency. Somehow it’s magically “free market” when the state says that a “dollar” is a specific, regime-fixed quantity of wheat, natural gas, gold, or NVidia shares and that quantity per dollar is specifically forbidden from fluctuating in the free market.

They ignore the FACT that when the dollar was tied to gold, there were wild fluctations in its value when gold became scarce, or when huge new gold mines were discovered in California, South Africa, Alaska, etc. That the US in particular became the source of the world’s recurring disastrous financial panics, which were more long-lasting and devastating than anything that happened in the era of the Federal Reserve and especially after the New Deal.

Somehow the fact that while the REAL, INFLATION-ADJUSTED income of lower quintiles has risen steadily for generations is ignored, because it’s emotionally more enjoyable to wallow in the drama and negativity of the visibly false belief that the poor have gotten poorer.

It’s not just that the conclusions they draw and policies they want are a flawed processing of the facts; they are based on a black-and-white false inversion of the facts.

HEY CARNEYSTEIN!

WHO YOU JIVIN WITH THAT COSMIK DEBRIS?

Video Link

Don’t forget #25, please. It may be a lot more revealing.

the price of meat has just gone up,

and your old lady has just gone down!

All good points. You could have tossed in “banksters” and “usury” too 🙂

You don’t understand Fractional Reserve Banking.

Bankers can choose to inflate the money supply NOT with loans but by just SPENDING IT ON THEIR OWN BEHALF, as long as they make their fractional reserve.

Fractional Reserve Banking is LITERALLY a license to counterfeit money, by means of ledger entries, rather than printing it. Add in checking or electronic transfers, and it’s practically untraceable.

Do you forget all the dump-and-pump fortunes made during the last financial crisis?

That’s Pump-and-Dump.

Buy cheap stocks.
Encourage borrowing with easy money policy.
Pump (up) demand by hawking them relentlessly along with
Dump the stock at the inflated price.
Stock price goes down. raise interest rates.
Borrowers start having to sell off cars, houses, etc. at whatever prices they can get to pay back the loans.

Our banking system was just fine BEFORE the Federal Reserve scam was created, and will be much BETTER when it’s eliminated.

As Ron Paul says, “After removing a cancerous tumor, you don’t look for anything to replace it with.”

That the US in particular became the source of the world’s recurring disastrous financial panics, which were more long-lasting and devastating than anything that happened in the era of the Federal Reserve and especially after the New Deal.

That is an ABSOLUTE lie.

The longest depression before the creation of the Fed was 18 months.

The stated PURPOSE of the FED was to eliminate the recessions and depressions of “the business cycle.”

Instead, within 16 years of creation, the Fed CREATED the worst economic downturn in history which wasn’t associate with a wide-ranging natural disaster (even the explosion of the Krakatoa volcano, which caused 2 years of crop failures around the world wasn’t as bad).

Wrong.

Gayness is caused by being sexually assaulted by a pedophile. Almost always a male pedophile.
It’s a PTSD reaction, usually comorbid with Borderline Personality Disorder.

Lesbians are generally women who were sexually assaulted by a man while they children. It causes them to distrust men (because sex that young isn’t really enjoyable for a girl).

Gays are generally men who were sexually assaulted while children or teenagers, because of imprinting.

This was widely known for over a century, before the American Psychological Association got political and eradicated homosexuality from the DSM.

Hot?

Shut up, you pathetic simp.
And get your eyes checked.

is that why there’s so many big gay homos in israel? because the rabbi sucked on the boy baby’s weenie after circumcision? that’s sexual assaul by any resonable definition.

This trickle down narrative

Somehow the fact that while the REAL, INFLATION-ADJUSTED income of lower quintiles has risen steadily for generations is ignored, because it’s emotionally more enjoyable to wallow in the drama and negativity of the visibly false belief that the poor have gotten poorer.

echoes what you wrote the other day

Furthermore, as Margaret Thatcher explained, a focus on a widening gap between rich and poor is misleading when it ignores the fact that all socio economic classes grew wealthier in absolute and inflation-adjusted terms.

Another way to look at this is where each would be today but for the institutions and policies you’re defending.

So at the risk of being “churlish” I’ll ask again:

Does Carney maintain that the “widening gap” since 1980 has helped “poor … gr[ow] wealthier in absolute and inflation-adjusted terms”? How about those neither “rich” nor “poor”?

Is Carney “rich,” “poor,” or something else? In what “socio economic class” is Carney?

Some industries have prospered, while others have withered, since 1980. In what lines of work has Carney been engaged as an adult?

So condescending, but apparently stumped by a few direct questions.

Who cares who I am or what my experiences are? Your “questions” are just a way to distract from facts, to turn the attention away from objective reality to personalize the situation. Reality exists no matter who points it out. 2+2=4 regardless of whether the man saying so is Jesus, Gandhi, Hitler, or Mao. It is a hallmark of the stupid, and of ideologues like Marxists and Nazis, who constantly personalize matters, and ascribe opinions to identity like class or race instead of respecting logic and facts.

You asked about those neither rich nor poor. Over the last several decades, all quintiles, including the middle ones, have gained in inflation-adjusted wealth, in absolute terms, even if some have lost ground in relative terms (that is, compared to other quintiles). In other words, overall, the middle class is much wealthier than it used to be, with more inflation-adjusted dollars, purchasing power, etc., even though we do have some indivuals, sectors and pockets of difficulty, and even though the richest have gotten even richer and faster.

In terms of industries, it’s important to distinguish between an industry and its workforce. Contrary to popular myth, overall, American manufacturers produce more than ever. The fact that automation and other efficiencies make it less necessary to employ the same level of manpower is an entirely different issue. And the same holds for everything else. Agricultural productivity is constantly rising, requiring fewer man-hours per unit of biomass product. In other words, fewer and fewer Americans work on the farm even while our farms produce more and more.

It’s funny how smokestack-era manufacturing nostalgics bemoan the lower rate of Americans engaged in heavy industry compared to, say, the 1960s, when the exact same dynamic was happening in, say, the late 1800s and early 1900s, when agrarian politicians like William Jennings Bryan decried the rapid reduction of the percentage of Americans engaged in farm work compared to the rise of industrial labor. Just like people who complain about the growth of employment in service, knowledge, tech and other sectors as not being “real” work, Bryan and his ilk regarded the industrial work as less “real” than rural labor.

American workers are the most productive in the world; it takes fewer man-hours to make something here than in China or other places.

I’m not saying we have zero problems. In particular we need to trim some bureaucratic and regulatory obstacles that slow down project completion and impede important sectors, especially (given the rise of the Chinese navy) shipbuilding.

Statistics and record-keeping in the 19th century were not as complete and sophisticated as they are now, but what’s clear is that the constant crashes and panics in that era were enormous. The Panic of 1873 created a depression that lasted until 1879 at the very least. Six years is a lot longer than your false claim of 18 months.

And by the way, a major cause of that particular panic was a law mandating the dollar be exclusively backed by gold.

Previous panics, crashes, depressions etc were often caused by bad monetary policy. The Panic of 1857 was set off in part by a ship sinking that was bringing gold to the US. Again, tying our currency to a commodity with available quantities that fluctuate based on things like mines running thin or being discovered, or even a ship sinking, is not a formula for stability.

Who cares who I am or what my experiences are?

I do. So should anyone who wants not to fall for Wall Street propaganda.

One might think you’d be proud of lifting us all up. Are you ashamed of that silver spoon in your mouth?

Try again, this time instead of constantly trying to personalize things about me, actually responding in serious fashion to the points I’ve made.

Okay, but this makes the third try.

Another way to look at this is where each would be today but for the institutions and policies you’re defending.

So at the risk of being “churlish” I’ll ask again:

Does Carney maintain that the “widening gap” since 1980 has helped “poor … gr[ow] wealthier in absolute and inflation-adjusted terms”? How about those neither “rich” nor “poor”?

It’s not that the widening gap with the rich helps the poor and middle incomes grow richer. That’s like saying wet streets cause rain (no, don’t get all meteorologically technical; you know what I mean). Instead, the same policies that de-prioritize equality and prioritize growth instead result in greater inequality and more prosperity. There’s often a direct trade-off. Do you want more equality, or do you want more prosperity for everyone?

We can see what the situation would have been BUT FOR the free-market reforms of the 1980s … by looking at the 1970s. The Winter of Discontent, malaise, decline.

This country is a worse place for most people – damned near feudal for the lowest quartile – than it was before incomes and wealth became so widely disparate. And the institutions and policies you’ve defended in this thread have, in my opinion, helped to bring that about through a financialized economy and culture.

Basically, everything and everybody is for sale.

You’re wrong. It’s not a matter of opinion. The lowest quartile is far, far better off today than it was generations ago. You may find the lying narrative of inequality causing poverty to be emotionally compelling, but that’s irrelevant to whether or not it is true. And it’s false.

You use terms like “counterfeit” that are false. Just because you disapprove of this or that universally normal and accepted means used by states to legally expand the money supply under the law, doesn’t make those means illegal, nor the resulting money not legal tender.

You’re also wildly ignorant. Checking and electronic transfers are inherently, ipso facto far more traceable than cash transactions.

It’s funny how, similar to how so-called “free market” types want the state to mandate a rigidly fixed amount of a specifically government-chosen commodity as having a specific state-imposed value, “free market” types want government to ban “fractional reserve banking.”

If fractional reserve banking were so awful, why don’t people flock to banks (presuming there are even any such) that strictly follow a policy of being able to instantly provide every penny of every deposit to every depositor on demand, all at once, in physical cash?

Clearly, within common sense, reasonably low risk levels, people are fine with fractional reserves, and prefer it for the greater convenience, and most especially the greater availability of credit at affordable interest rates.

Why do you want to use government force to impose your personally-preferred form of financial institution on others, and in fact to strip them of what they already have and use? Leave other people alone.

You desperate goddamned sex-obsessed Boomer asshole.

70 years old, and still talking like a 17-year old virgin nerd at the Homecoming Prom without a date.

GROW THE FUCK UP ALREADY.

You really have no understanding of why every generation both before and now after you utterly despises you narcistic cretins, do you.

This is only one of many reasons. The entire male half of your generation is nothing more than incurable pussy-hounds, and the female half are lifelong skanks. Not surprising that you are all obsessed with abortion on demand, even for 10-year old girls, no questions asked, nor parental notification.

Deflation makes it obvious.

Inflation hides what’s really going on.

TO KEEP UP WITH INFLATION, to stay up with the purchasing power from 1965, when a minimum wage high-school drop out working 40-hours/week pushing a broom could still, if he lived with his parents, buy a 4-door luxury sedan (PS/PB/ AM/FM electric windows, electric locks, 6-way power seats) with 1 year’s worth of income.
A high school graduate could work a minimum wage job over the summer, and afford tuition, room & board for the next two semesters (today, working minimum wage, that same high school student would have to work year round, not only without sleep, but more hours per week then exist in a week)

And yet, in 1965, a minimum wage worker wasn’t paying any income tax. Today, that same minimum wage worker IS paying income tax.

To have the SAME purchasing power today as the high school drop out of 1965, the minimum wage would have to be over $45/hour — that’s the pay for the HIGH end STEM degree graduates…(electrical, chemical, and nuclear engineers)

Because that is how much prices have increased. And at the same time, the price of processing information has dropped through the floor compared to nearly everything being one paper and physically handled, filed, retrieved, processed, copied, data transferred, and re-filed, one piece of paper, in one file or record jacket at a time)

So, if prices have increased, and everyone is in higher tax rates, yet salaries haven’t tracked with the higher prices, WHERE IS ALL OF THE HIGHER PROFIT MARGINS GOING?

Today’s productivity is 15x what it was in 1973. On a practical level, that would mean most people could maintain the same standard of living working 3 hours per week, or 12 hours/month.
So, why are the workers, and even middle managers NOT benefitting financially from ANY of the higher productivity in the work place?

The graphs tell the story entirely. ALL of the productivity gains are going to enrichment at the top, while everyone else is running at a sprint, on a treadmill, just to stay put.

Not only that, but Deflation INCREASES the value of savings…. making retirees richer than they would otherwise be. That’s the OPPOSITE of the goal.
With inflation and wages NOT keeping up with inflation, then the bankers and their ilk get to rob EVERYBODY.

Fed Chairman Jay Powell should use the six-ten-twenty federal funds rate hike system to implode the asset bubbles and extinguish inflation. Powell should hike to 6 percent federal funds rate and then pause for a day or so; after the slight pause Powell should raise to ten percent federal funds rate. Powell should then proceed to his bunker to escape the rage of the rancid billionaire scumbags and the White Upper Middle Class Snot Brats and the greedy White geezers born before 1965 and then Powell should go FULL VOLCKER to TWENTY PERCENT FEDERAL FUNDS RATE.

Fed Chairman (((Powell))) will do NO such thing. His own fellow plutocrats would assassinate him.