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Cake day: December 20th, 2024

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  • exploitedamerican@lemm.eetome_irl@lemmy.worldme_irl
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    2 days ago

    Price of gold just hit $3140 why does that matter? Because gold is the true measure lf inflation. The inflation statistics used by walstreet and the FED come from the world bank and IMF. These numbers are based on consumer price index which is an inadequate measure of inflation because it does not account for the devaluation of a currency due to the increase in circulating currency supply and leveraged debt. Also Cpi Has been manipulated several times in the last few decades to keep inflation numbers skewed.

    The reality here is that capitalist empires in decline always lie about the true measure of inflation to prevent civil unrest and the fomenting of a revolution by the working class.

    But anyway: for the first 173 years of the us dollar as a standardized currency the price of gold only fluctuated 95% from $18 to $35 but in the 54 years since nixon withdrew from the bretton woods agreement ending the gold standard(the convertibility of the us dollar into gold at any bank) the price of gold has increased 8900% from $35 to $3140 this is directly proportional to the increase in the national debt in the same amount of time. From $400 billion to $36 trillion or 9000%

    Even when fdr first passed the fair labor standards act setting minimum wage at 25¢/ hr that was more than the highest minimum wage currently for corporate fast food workers in California of $20/hr. As 25 cents an hour in 1938 produced 14.9 ounces of gold which would be $22/hr today or $45,160 (From 1938 to 1968 federal minimum wage was increased 7 times. On average from 1938 till today federal minimum has been increased 22 times on average once every 4 years with most adjustments happening within a year of the previous one. But today the federal minimum wage has not been adjusted in 17 years. The longest period it has gone unadjusted in 87 years.)

    For about 4 decades a minimum wage worker could support a family of four with enough left over to save for their retirement (if they were not part of the approximately 50% of people with a pension) their children’s higher education and a modest family vacation once a year. During this point in history the median house price was $7200 but a home could be bought in most states for $4k-5k or even less for a fixer upper (my geandfather bought a house they were going to burn down in 1955 for $2700 about an hour outside Boston in the metropolitan providence area of new England and today it is worth $600,000) in 1950 minimum wage was raised to 75¢/hr which is 45 ounces of gold a year or $141,000 / $68/hr today. in 1956 it was again raised to $1/hr or 60 ounces of gold a year or $188,000/ $90/hr and in 1968 it was raised a final time before the end of the gold standard to $1.60 an hour this was 95 ounces of gold a year and today would be $300,000 or $147/hr it would take both adults working 2 jobs at 80 hours a week with overtime at a base pay of $30/hr to reach the same quality of life/ buying power

    The reality is wall street took over our government, enacting the business plot they had attempted during the FDR administration(if you dont know about this coup led by prescott bush and the other robber barron wall street legacy families look it up) and they used their wealth and influence to eradicate the progress made by labor and civil rights advocates in the 30’s 40’s 50’s and 60’s primarily by intentionally devaluing the us dollar to lower the cost of wages for all the jobs they couldn’t outsource to the third world in the next step of their plan to siphon more wealth from the working class and poor. They had Reagan re legalize stock buybacks again and implement trans national trade agreements that sent a majority of the good manufacturing jobs and the jobs supporting them to the third world to cut lanor costs by 90-95%+

    Now rent for a 2 bedroom in most metropolitan cities close to shipping ports is $3000/month (rent for 2 bedroom apartments has always been about an ounce of gold on averagein areas such as hartford ct, plymouth ma, providence ri, burlington VT, many parts of NY outside the city and new jersey. By the end of this administration gold spot price for an ounce will be $4500 last time he was in office saw rhe largest price increase under any administration from $1200 to $2050 or 71% so brace yourselves.

    The reason financial institutions don’t tell us this as I mentioned above is to prevent civil unrest and revolution. If more people understood this as i do they would immediately stop participating as a wage slave in a system that doesn’t afford a quality of life worth working or living for. Minimum wage has decreased in value by 86-95% meanwhile executive pay has ballooned from 30-60 Times the median worker wage back 54-84 years ago to 1000-5000(3333%-8333%) times that same metric today with the highest paid executive earning an hourly wage of $72,000 or about $800/hr back before 1971.

    The reality is that it cost more to purchase and maintain an enslaved person for their average 30 year lifespan during chattel slavery than minimum wage workers anywhere in the United States are currently compensated




  • exploitedamerican@lemm.eetoMemes@lemmy.mlFairy Tales
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    12 days ago

    Oligarchal capitalism is fascism. Fascism js essentially the combination of corporste power and government or corporatism. The democrats are fascist lite but still fascist. They took their marching orders from the same billionaires and got us to the precipice of where we are now. They have no remorse and just continue to make excuses. Read the writing on the wall ffs.


  • exploitedamerican@lemm.eetoMemes@lemmy.mlFairy Tales
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    12 days ago

    Bro i was born and raised to be an evangelical nut job so you don’t have to project your qualms with white Christian nationalism on me.

    Those with capital who are in control of our political system are first and foremost fascists. They don’t care about christianity so much as it serves them as a tool to manipulate those dumb enough to buy into it. The whole perpetuating industrialized genocide to make a profit selling military ordinance and keep humanity under the boot of endless militarism is more dangerous than religion. Intertwining the two is a recipe for disaster but the main danger here are the war mongering billionaires not whatever imaginary friend they use to peddle bigoted hate and idiocy onto the masses


  • exploitedamerican@lemm.eetoMemes@lemmy.mlFairy Tales
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    13 days ago

    Repeat after me …. The democratic party is funded by the same wall street military and prison industry profiteers that fund the republican party and they are fundamentally opposed to shifting policy to the left and adopting economic democracy to any extent in their platform to the point they would rather ensure a right wing candidate wins by sabotagingrg any popular pro workers rights candidate rather than nominate anyone left of their platform which makes american western neo liberal democracy a defacto class dictatorship!


  • The US elections(at very least the Presidential elections)are entirely rigged/ predetermined by corporate wall street influence. Corporations have been manipulating everything to their benefit for the last 6 decades. Every aspect of our political policy is already obviously corrupted by money its naive to believe this one thing isn’t because democracy is some sacred aspect of American exceptionalism. Both parties are fascist there is no left political party in the usa the democratic party by the standards of the rest of the developed world Is a right wing party. To varying degrees both parties blatantly exhibit 13 of the 14 traits of fascism. The only one trait that they can claim plausible deniability in regards to is fraudulent elections but if we are 13/14ths the way there it is highly unlikely the last trait hasn’t already come to pass. In germany their highest constitutional court ruled that electronic voting is unconstitutional because it is impossible to differentiate between fraudulent results and legitimate ones for laypeople / anyone who isnt a cybersecurity expert or IT professional.

    So really the idea that americans voted for this when its obvious the majority is very displeased about the state of our society and has been for years while conservatives tell us that social Media sites are left wing biased echo chambers but have to heavily moderate their conservative echo chambers to present the image that conservatism is popular in anyway its all just a ridiculous farce.

    Plus there is the Princeton study done in the last 2 decades or so that determined the amount of influence anyone has on political policy making is directly tied to the amount of wealth you have with regular working people having a statistically meaningless near zero effect on policy writing regardless of how popular or unpopular that policy may be





  • In the 1930’s the robber Barron legacy wall street families got together and hatched a plot. A fascist coup attempt to overthrow FDR and install a fascist wall street /Military industry controlled regime that was modeled after hitler’s Germany. Wall street mostly unanimously supported the third reich. They funneled money to him, as well as equipment, put him in the cover of tine magazine as 1938 person of the year and held a rally for him at Madison square garden. The usa didn’t want anything to do with the great war till it became evident that Germany was likely to lose so they allowed pearl harbor to happen to give the US carte Blanche via public support to enter the global theater then we pillaged their military secrets and gave asylum to many war criminals we deemed useful like werner von braun and many others (project paperclip) But anyway Prescott bush was one of these new money wall street people who spearheaded this coup attempt. They propositioned one of the most highly decorated generals in us history- smedly butler, author of the short autobiographical/ social critique war is a racket, to head this coup and take the white house by storm with several thousand military veterans. Butler played along until the last minute when he blew the whistle and testified to congress and the house un-American activities committee/ HUAC who deemed his testimony credible but were very likely paid off and did nothing to hold those responsible accountable. Now fast forward 90 or so years to today and the main architect of this coup’s son and grandson were both sitting presidents (one was cia director and very likely involved in the JFK assassination and was in Dallas on November 22, 1963) and all branches if the us government are now obviously controlled by the intersection of wall street and industrial military power whom also simultaneously control the press and use it to disseminate propaganda that the general public are easily swayed by in major part due to nixon and Reagan cutting education standards at the recommendation of their mutual advisor roger a freeman who said an educated proletariat was a major threat to their movement. Those two administrations were some of the most damaging to the American proletariat and did so much to dismantle the progress that the civil rights and labor rights movement did in conjunction with the new deal policies of fdr that allowed the middle class yo thrive for 3 decades until hyper inflation reared its ugly head and gave way to the modern age of austerity in America our government and their mouthpiece puppets are lying about. They intentionally devalued the us dollar while adequately adjusting corporate executive pay to compensate for this reduction in value to eradicate the workers and civil rights progress of the 40’s 50’s and 60’s and sent a majority of us manufacturing jobs to the third world to cut labor costs by 90-95%+

    For the first 172 years of the us dollar as a standardized currency the price of gold only fluctuated 95% from $18 to $35 when FDR temporarily suspended the gold standard made it illegal for the rich to hoard gold and bought up the majority of the supply then revalued it from $19 to $35 an ounce so he could double the money supply and repair the damage done by the great depression. But since nixon permanently ended the gold standard in 1971 the price of gold has increased 8400% from $35 to $2900 today. This is directly in tandem with the increase in the national debt from $400 billion in 1971 to 36 trillion and change today or toughly 9200% meanwhile wall street uses the IMF/ world bank inflation figures to lie to us about the extent that the working class has been looted right before our eyes. the inflation statistics they parrot are based on consumer price index which is an inadequate and inaccurate measure of inflation since it does not account for the devaluation of a currency due to the increase in circulating currency supply which the price of gold does by design. So that means the minimum wage in the US has lost between 84-93% of its value in 54 years which in 1968-71 earned the equivalent value of 95 ounces of gold a year which would be $130/hr or $270,000 annually at a 40 hour a week salary of $1.60/hr even in 1950 75¢/hr was 60/hr today or 125,000 and in 1956 it was $1/hr or $82/hr/$168,000 today. This is why one adult working a full time job at any time from 1945-1975 could supply a family of four with enough left to save for their two kids college, their retirement (if they weren’t part of the 50% of workers with a pension) own 2 or 3 used cars or one new car(which cost under $1000 at the time) and go on a modest family vacation once a year, today it would take both parents working 80 hours a week with overtime (which the current fascist regime wants to eradicate) at a base pay of$30 an hour to come close to the same quality of life. The American working class were turned to wage slaves and most were so poorly educated they didn’t have the intellectual capacity to understand this reality. Today 2/3 of workers live paycheck to paycheck with insufficient savings to cover a $500-1000 emergency expense. Most millennials and gen z will never own a home and have to work till they are too sick to do so or worse while hoping that social security, medicaid and food stamps are not destroyed/ defunded and or privatized so we can survive the end of our lives. This is the sad reality of america and anyone disagreeing with my assessment is choosing to believe the words of career liars who commit fraud regularly and with impunity and have fleeced the American people countless times while our tax dollars have gone to their tax breaks and bailouts so they can enjoy lifestyles of opulent luxury at our expense. Its time to MaGGA- make guillotines great again.