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” and many fast food workers now are out of a job.” and yes “THOSE WHO RULE THE WORLD taking more and more of the wealth”
Try to understand what a transition is. Its like a change from square to round. The system is trying to right itself from 50-60 years of non sense decisions by idiots. Trying to spread US wealth around the globe. So the trend re wages is they are too low. So there will be pain as things change for the better.
These bozos that were able to even open a McDonalds was because of low wages. My friend opened 8 stores because of low wages. He created 65 retail jobs to replace manufacturing jobs. At the end of his life he had 26 houses. If he was FORCED to pay a livable wage, he would only have maybe 13 houses.
Same with McDonalds. The guy buys one, makes big profits and buys two more, before long he owns 26 McDonalds. If he was FORCED to pay a livable wage, he might own only 12 McDonalds. So its a survival of the fittest situation as things change.
In other words, the system can’t survive anymore. People only have one wife to send to work, no guys have two wives to send out. So the system NEEDS higher wages to eventually get wives OUT of the workforce. By the way, most well run businesses can afford to pay double or triple if they are FORCED to like in 1938.
What was the purpose of minimum wage in 1938?
among the several states.” FLSA was a comprehensive federal scheme which provided for minimum wages, overtime pay, record keeping requirements, and child labor regulations. The purpose of the minimum wage was to stabilize the post-depression economy and protect the workers in the labor force.
When HFT bots sniff an uptrend and can ramp the NQ futures 100 points on tiny volume at lunch time….. this is the biggest problem….
When a market can’t have a reasonable correction and consolidation even intra fkg day – and just endlessly ramps – eventually the game of musical chairs / chicken with money comes to an abrupt end with a big rinse…
Its often the case that these rug pulls catch everyone out – the mechanics for them are entirely caused by trend following robotic pump so it makes sense that the down moves will be equally as nonsensical. All happy times when it’s moving up and total confusion when it finally fkg has a reasonable pull in.
If you turn all the bots off and all the nonsense of intraday mechanical inane trend following you will be able to have normal consolidation and normal corrections….
Otherwise enjoy the fkg ride !
Don’t get on a rollercoaster if you want a nice smooth freeway…
They said it was felt across the states. The earth is shifting so especially costal states will get them. Have you ever seen a future map of what your state will look like hundreds of years from now?
It’s it’s still on Fox news now and has been non stop. There’s different kinds, shaking, rolling. The was shaking. Bigger shaking gets really loud and thunderous but if you get that you’ll be in a big one so if your by a door just get out fast and away from buildings, power lines or trees. If you can’t take cover. Rolling type is quiet.
That 4.7/8 they can’t decide is just like a trembler. I felt sorry for the woman doing sign language. They’re making a big deal about it because they never had one in their life time. The were naming all these names of different people, many names instead of this or that department and unlike most other things you can sign you have to finger spell out those names. When you see them moving their fingers all around those are letters. At home they can use the first letter of a person you know or relative but not one you don’t know. Well all I can say is that’s one thing they can do well, respond to earthquakes. However with those old buildings if the get a 6 or above it’s gonna be bad. Stay away from and walls that are to the outside in those high rises, they could collapse and you could fall out.
“based off previous bulls and how much room their long term indicators have to rise.”
I don’t know anything about the Adens. But by what you said, they don’t really know too much about the system. How can they use previous bull markets for a reference??
They don’t matter anymore. The old system in my view simply started ending long ago and its in a transition. The Fed power is ending and the system is in process of righting itself, its at the end of the trend.
I think Gold could hit $2,600 this year. It really belongs at $2800 today to adjust for inflation of $140 gold in 1974 times 20 which is $2800. Its trying to right itself.
The only problem with raising the minimum wage is that it causes unemployment … as seen recently in CA where they raised the min wage to $20 and many fast food workers now are out of a job.
I think much of the problem can be traced back to THOSE WHO RULE THE WORLD taking more and more of the wealth generated in the country. There is less and less for those in the bottom 80%.
Posted by Mr.Copper @ 12:42 on January 24, 2024 -edit-
I don’t think Silver is the key anymore. Its been lagging gold a long time. If anything, I think gold going higher will drag silver up.
Re your “we’ve been on lockdown for the last 13 years” that trend bottomed in early 2016, and I called it back then at $1160. The next bottom $1622 I called it was around Oct 2022.
The most recent low was around $1845 in September October. and I called that bottom too. And that break out to $2150, convinced me Gold will continue higher above $2100 and we’ll probably never see it below $2000 ever again. Unless the idiots raise rates to 10% plus.
Your: If they work and work 2 or 3 jobs and can hardly pay for food and rent and will never be able to afford a house isn’t that a lot like slavery?”
Yes sort of, but in reality slavery provided food medical care and a home. Minimum wage today does not. The young people did very well from 1945 until its peak in 1970. THEN all the IMPORTS started coming in. By 1975 I knew the future was going to be bad.
Minimum wage today needs to be $40 to $50/hr for entry level to move out of the home, buy a car and get married and have kids like I did after graduating high school in 1962. Anybody that bought imported cars was eating apples from the wrong tree.
That seems to be a new grift for the Blackhawks of the world … buy up all the houses and rent them to the citizens (serfs) If they rent them to illegals on the taxpayers dime then that’s an added bonus.
That’s nothing but I guess they’re not used to it. If they get a strong one though they might have a problem with all those old high rises not built to code for earthquakes. All those people living in that little space is gonna be a big homeless problem and would take years to rebuild.
I think the new squatters they’ve invited in might help solve the BlackRock and cohorts plans to buy up all the rentals and single family homes in the country. They might get the idea it’s too much trouble.
They pulled that on me once years ago. I waited till they left, took their stuff put it in my garage and locked the house up and left them a note they have 30 days to get their things out of my garage. They thought I was going to have to go through the court. They came back a month later got their stuff and left.
in the spot market but buyers keep matching them blow for blow. Surprisingly strong.
Shares need to bust loose of the 260 HUI area.
For once I’d like to say about pm’s that they can go up longer than the banks can stay solvent. 🙂
Everything has always been about what the banks are doing. Be nice if that changed.
We’re up what 15% this year so far in gold? That’s nothing compared to what we’ve seen some stocks and Bitcoin do, and nothing compared to what gold did in 79-80 market. There’s so much money sloshing around out there that if we even got 1% of it, everything pm would go ballistic. There should be huge pent-up demand.
Says here condensed that inflation isn’t going down so he better not cut rates and will consider doing so in 4 th quarter if inflation is under control.
?BREAKING: FORD PULLS OUT OF EV – SHIFTS TO HYBRIDS | LOST BILLIONS
Ford is delaying all-electric vehicle launches and moving focus to hybrids.
The move follows a noticeable $4.7 billion loss in Ford's electric division, contrasting with a $7.5 billion profit in traditional… pic.twitter.com/jGWDSXz5tw
re: job numbers and PM performance … that’s a nice change of pace, usually we’d get knocked silly with news like that. Our market has changed, the metals higher trend is very strong.
I do believe you’re right. In the past we would have been absolutely crushed. The specs seem to be getting smarter and/or stronger. Can only hope the jig is up and we start to see a runaway pm market. I’m talking runaway as in Bitcoin type. We still seem to be fighting over 1% gains, although we have seen a couple 3-4% gains in silver.
I want to see us jump up to $10K and $200 over the matter of a month or two. Then we can start talking real value.
Shares are pretty flat in the premarket. Trying to absorb all this overbought condition. It’s been so long since anything pm has been overbought, the punters don’t know how to handle it.
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