Loading ...Anybody with an extremely advanced and decades of mechanical prototype experiences knows exactly what’s wrong with the global economy, financial system, and how and when the problems started.
“Accumulation Of Error” is the primary problem, and people who are NOT mechanically inclined, have absolutely no business getting involved with decisions and adjustments regarding the monetary system.
Those people make decisions based on emotion. A good “mechanic” makes decisions based on what’s practical, and avoidance of failure. Measure twice, cut once. In other words you can’t kid or fool yourself.
The primary error started decades ago regarding the basic minimum wage laws. The 1930s? law stated minimum wage (and social security) had to go up in unison with the cost of living.
Unfortunately, after the gold de-peg in 1971, dollar dropped and prices went up a lot, and TPTB blamed higher wages not the prior dollar printing for wars and moon landings. The dirt bags called it the “wage price spiral”.
So they started lying or under reporting the true accurate inflation rate for the masses, but public employees received very generous wages and benefits that had to be paid by the “under paid”.
Now the bozos in Davos are staring at deflation. The lower tax payer wages are dragging everything and everybody down. When the bozos in 2001 decided to “bring back inflation” in the commodities sector, WITHOUT bringing back inflation in unison, in the base minimum wages, that there was COUNTER PRODUCTIVE.
Rather than be HONEST with cost of living increases, they (idiots) decided giving the masses SIX YEAR CAR LOANS instead of three year loans, and no down payments for house loans, instead of higher minimum wages raises.
To equate the 1945 to 1975 minimum wages to day would be about $22/hr. That’s being practical. If you disagree, you are be emotional. Plain and simple. Besides all that? Spreading wealth artificially away from wealthy nations (the USA via importing) to hand over to poor nations (that export) is an emotional socialist anti capitalist mistake from the start.
We are watching global socialism collapse. Everyone should be happy now.