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#11
October 3rd 10, 06:19 AM
posted to rec.radio.shortwave,talk.politics.misc,us.politics,alt.politics,alt.politics.economics
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Liberal Fascists Versus Gold
On Oct 2, 11:12*pm, John Smith wrote:
On 10/2/2010 7:21 PM, Nickname unavailable wrote: On Oct 2, 8:06 pm, John *wrote: On 10/2/2010 5:32 PM, Nickname unavailable wrote: ... * *who is ignoring that. wages have risen along with prices. gold goes up in price, gold falls in price. suckers who bought gold in the early 80's, still have not recouped their losses. its a poor investment, pays no dividends, makes no income, and is only valuable for electronics and jewelery. Regards, JS Wrong, again ... up until the 1960's, or around there, it was universally known in America, the rule, "A fair days pay for a fair days work." *This is no longer so ... * what does that have to do with the price of gold. Minimum wage, still in 1970, would buy you about 10 gallons of gas--it was $1.65 p/hr; *Gas is now 10x as much. *A fair 1 bedroom apartment would run you ~$80.00 a month--utilities included; *Today, it would cost you in excess of 10x as much. *A nice new car would run you $1,800-$2,000; *Today, a car of "equal" value would be 10x as much. * yes wages have fallen, it has nothing to do with fiat currency, or gold. it has to do with a rising economic aristocracy. The point to all the above? *For minimum wage to have kept up with inflation, minimum would have to be ~$16.50 p/hr. * so. that still does not mean a thing about fiat currencies and gold.. Now, I believe minimum wage is less than 1/2 of that ... only a fool would attempt to sell, as fact, that wages have kept any where near the rate of inflation. *Sell that chit to some fool ... real wages have even suffered worse! * wages are a problem. demand is wage driven, deflation is a lack of demand. as long as wages are not addressed, assets and prices will fall, including gold. gold has nothing to do with wages. i think this stuff is way over your head. no wonder the gold bugs are plundering you. Regards, JS It is thinking like yours that got us here ... you go on ahead. *I think enough know what to do now ... Regards, JS still does not refute a thing. and the last 30 years of thinking is what has ruined america. |
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