[-] exploitedamerican@lemm.ee 1 points 5 hours ago

Completely untrue. Gold has been considered an inflation proof asset since the dawn of investment banking. Unlike cpi its price is directly tied to the amount of currency in circulation here are 2 articles highlighting my points

https://www.reuters.com/plus/beyond-cpi-gold-as-a-strategic-inflation-hedge

https://www.forbes.com/sites/realspin/2013/10/09/measured-in-gold-the-story-of-american-wages-is-an-ugly-one/

But go ahead and believe whatever the wall street military and prison industry profiteers tell you, they are masters of fraud, deception and propaganda.

[-] exploitedamerican@lemm.ee 1 points 6 hours ago

Yeah i have those numbers on hand too. The minimum wage in California for select fast food workers is just over 15 ounces which is just barely more than the first established minimum wage after the FLSA was implemented of $.25/hr so minimum wage today earns between 6-15 ounces so that’s 7-14% of what it earned in 1968-1971 and I’ve also done the math to know that it cost more to purchase and maintain a slave before the end of the civil war than minimum wage workers are currently payed in the usa.

[-] exploitedamerican@lemm.ee 3 points 9 hours ago

I dont believe our presidential elections have even been legitimate for the last 50+ years. Of the 14 traits of fascism 13 are obviously present the 14th is fraudulent elections so if our society exhibits 92% of the indicators of fascism then its pretty logical conclusion that we are 100% of the way there.

[-] exploitedamerican@lemm.ee 2 points 9 hours ago

We draw the line at wages that actually provide people enough to live a life worth living. Minimum wage in 1956 earned 60 ounces of gold a year in 1968 it was raised to $1.60/hr or 95 ounce of gold a year/ $250,000 today this was the 8th time minimum wage was increased since minimum wage was legislated by the fair labor standards act of 1938. Meanwhile today federal minimum wage has not been adjusted in 15 going on 16 years. This is the longest its gone without adjustment in the 86 years of minimum wage. The current inflation statistics regurgitated by wall street the imf and world bank are based on consumer price index which does not take into account the devaluation of currency due to the increase in circulating currency supply. Nixon ended the gold standard jn 1971 and by 1981 the usa had printed its first one trillion dollars. For the first 172 years after the us instituted a national standard currency the price of gold only increased 80% from $19 to $35 but since then its increased 7500% to $2650 meanwhile minimum wage has only increased 450-1300% and corporate executive pay has ballooned 3300%-16,500% so minimum wage value has actually decreased by 84-93% these corporations are literally robbing us all. 2/3 of working people are living paycheck to paycheck with no emergency savings. A majority of Millennials and gen z are on track to never own a home or be able to retire. They will have to work until they are too sick to be able to with the hope that social security still exists in 30-50 years. Retailers already increase prices to account for shrink and they take out massive insurance policies that reimburse them for shrink so the idea that this hurts big box businesses is just ridiculous propaganda

[-] exploitedamerican@lemm.ee 2 points 9 hours ago

Its no use, he probably thinks wtc building number seven collapsed demolition style because the shockwave from the planes hitting the twin towers caused a ripple effect and a butferfly flapped its wings in Indonesia so there was definitely no fowl play on behalf of our extremely trustworthy societal institutions “. 🥴😴🤡

[-] exploitedamerican@lemm.ee 28 points 18 hours ago

By that line of reasoning they can also shoot up speedballs whenever they feel like it. Man the people who write the rules just casually flaunting their invincibility to thus aforementioned rules.

[-] exploitedamerican@lemm.ee 6 points 19 hours ago

$1 an hour full time is 60 ounces of gold. That is 160,000 in todays money. Inflation statistics regurgitated by the imf world bank and wall street are skewed using consumer price index which wails miserably to account for the devaluation of currency due to the increase in circulating currency supply. The price of gold does this perfectly. When nixon ended the gold standard in ‘71 minimum wage had been raised (an eighth time since it was legislated in 1938 at 25¢ an hour or ≈15 ounces of gold)3 years earlier in 1968 to $1.60/hr or $250,000 today.

The price of good stayed constant for 172 years from 1799 when a federal currency was established till 1971 only fluctuating ≈80% from $19 to $35 but in the 53 years since then it has ballooned 7500% to $2650 last i checked. This is in tandem with the amount of us currency printed into circulation. By the end of 1979 gold price was already up over 2000% to just under $800 and in 1981 the usa printed the first trillion. Now we are printing one trillion every 3-4 months.

This is why from 1945-1975 one adult working a full time minimum wage job could support a family of four with enough left over to save for retirement their children’s higher education and go on a modest yearly family vacation. But today it would take both adults working 80 hours per week with overtime at a minimum base pay of double minimum wage or quintuple it if federal minimum wage is the default where you are. Minimum wage since has only increased 450-1300% while corporate executive pay has increased 3300%-16,500% in the same time period.

[-] exploitedamerican@lemm.ee 10 points 20 hours ago

Lets nuke the shit out of the shitty parts but keep the decorated live tree, pretty lights, egg nog, giving poor people and or family members things they cant normally afford and radicalizing our younger family members to be anarchistic leftists over ham or turkey or Chinese food while your older relatives try to push them as far right as possible and complain about everything that comes out of your mouth. You know the good parts of Christmas.

[-] exploitedamerican@lemm.ee 10 points 20 hours ago

Im not giving any money. Its winter and propane is $20 a refill lasting 3 days. Maybe ill send a christmas card I have some stamps lying around.

But the outpouring of support including people wanting to put money on mangione’s commissary is most likely due to the fact that many people have been thinking this for a while and if mangione is indeed responsible what he did was he said the quiet part out loud. And now the billionaires and their executive corporate pets are scrambling on pr and damage control to scold the rest of us for our irreverent response welcoming revolution and class war.

[-] exploitedamerican@lemm.ee 10 points 20 hours ago

Except that manifesto sounds fake AF bootlicking cops in the first sentence? he more than likely dead man switched the one on pepmangione dot com slash manifesto

[-] exploitedamerican@lemm.ee 17 points 21 hours ago

Charaty is disingenuous. it attempts to burden the working class by paying some of what little they have to alleviate the societal problems caused by wealth inequity and a system that putts profits for a few over the lives and well beings of those actually doing the work and their loved ones. If we had medicare for all then this poor beautiful child would well be taken care of. And All the money thats otherwise used to pad the pockets of people who spend more on a weekend vacation than you or i could earn in a dozen consecutive lifetimes could be spent on research and medical care thats often denied to bolster profits. Go guilt trip the insurance companies who are responsible for the deaths of 180 human beings on aberage every day due to claim denials. How many of them are children?

[-] exploitedamerican@lemm.ee 15 points 22 hours ago

I talk about this all the time.

Like how cant people see America is now totally fascist. This coup didn’t get squashed just postponed. One of the main architect’s sons and grandson were sitting presidents and the us is now completely controlled by corporate power at the intersection of wall street and military / prison industry. Its so obvious and so fucking enraging.

view more: ‹ prev next ›

exploitedamerican

joined 2 days ago