For your consideration ...
But I don't really understand inflation and price hikes and wage hikes. WHY doesn't a house still cost $10k? Why aren't eggs still .25 a doz? Why isn't $30k considered a high wage? Remember when being a millionaire was astronomical money? Now we have multi BILLIONAIRES.
Which comes first, the price hikes or the wage hikes? And why?
I'm reading a book about old Hollywood and in the 1920s $100/week was considered pretty good pay. So how does that change? And don't tell me to take an economics class - someone on here can explain it to me for free.
((((((Would someone tell this woman to read this since she is a child and has me on ignore. Which is funny for a person that promotes free speech but doesn't' want to hear from certain people because .... fweeelings.))))))
OMG. You must be intentionally obtuse. The explanation for inflation and what causes it have been explained ad nauseum here. Inflation is caused by the reckless expansion of the money supply that is controlled by an international criminal cartel of bankers with complicit elected representatives and senators in Congress, and Presidents. And is always a monetary phenomenon. Also, you will not learn of this in any economic class.
Rising prices are always first. Increases in wages are always always always lagging far behind inflation/rising prices.
Understand this .... every dollar in your pocket/purse is representative of debt. Every single one. Someone's, anyone's, everyone's, all government's, debt. At some point in time post 1913, all loans that were taken out were with money created from thin air by the bankers as a ledger entry, a magicians trick, a slight of hand. But only the principal amount is created, never the interest that needs to be paid back with the principal. As loans are repaid, over the years, just like a ponzi scheme, more and more loans, a measureless and inestimable number of loans, have been needed, and are still currently needed, to continually be taken out in some shape, form or fashion, to keep the system propped up, to keep it, the economy, from collapsing. Because when loans are repaid, it's that added interest, (that was never created in the first place), that sucks more and more money out of the economy, necessitating that more loans be taken out to account for the money that represents the interest being taken out of circulation. Banks are the cause of all financial bubbles, and the absolute root cause of all depressions/recessions. When loans are repaid, the principle is cancelled out. It is the interest that profits the bank. That interest represents your labor, everyone's labor. For what? To pay the bank for creating money out of thin air? That is why it's been said many times, and is true, we are all slaves to the financial system. Slaves to the criminal cartel bankers.
You have never been paid with real money since you were born. Because real money, in it's truest sense, holds it's value representing the labor you provided for it. Real money being precious metals such coins struck from gold and silver. Which have been used for over 5000 years. Why? Because gold and silver are finite and rare and hold their value over centuries, millennia. You have been paid with pieces of paper, which are infinite and worthless, have absolutely no value, and that have a counter party attached to them. Gold and silver coin have no such counter party. When you earn a gold or silver coin, it it yours in totality. It becomes, and is, your personal property, to do with as you see fit.
All money/currency used in the US, and those that are held in reserves in other countries, are Federal Reserve Notes, or their digital counterparts, (those numbers on your bank statement), are issued by the banks themselves. It is their currency. They own those pieces of paper, and those numbers in your bank account. The Federal Reserve places an order for new currency with the US Bureau of Engraving and Printing, (the vendor), which prints the paper currencies we use, and the Federal Reserve pays the government for this service. That new money is not US Currency, it is Federal Reserve Bank currency. [If it was US currency, then there would be no need for the US to borrow it? Right?] That newly printed currency is then delivered to area Federal Reserve banks which then send to their area member banks that need more currency for their daily operations. They are the major counter party to that piece of paper. That's one reason every piece of currency has a serial number. The Federal Reserve and banks can and do recall them through a wide variety of means such as restricting lending which contracts an economy for the purpose of causing hardships and recessions and depressions. And, to assist their associated "friends" to buying businesses and associated land, think farmers as well, for pennies on the dollar when they collapse due to that manufactured downturn in the economy. Odd, that the banks will lend to anyone for willy nilly things 'when times are good', (that itself causes inflation), but when a struggling business, or farmer, needs a loan to keep from going under, nary a bank around to assist. But there will always be someone around, or a hedge fund, with the money, that they'll borrow from the banks, (got to keep the loans flowing and economy going ya know?), to scoop up those 'failing' businesses and farms.
On the other end of the spectrum, they greatly loosen lending requirements that goose the economy by flooding the economy with more money than is necessary which causes inflation. Think very low mortgage rates and a housing bubble. Also, a complicit US government "prints", borrows and billions and billions more from the banks that they just printed currencies for, and spends that flooding the economy. More money chasing the same amount of goods and services increases prices.
Inflation never reverses. This is why it is said that "deflation" is bad. Bad, but good, because it can make the dollar stronger by stabilizing it which is actually helpful for the people. Bad for the banks because people don't need loans nor use their credit cards. And bad for the corporations because they then can't service all their heavy burdensome loans/debt because people slow their spending to save, or pay down their existing debt. We can't have the corporations or financial institutions suffer now can we? No. So then the spending increases via the US government, and other governments, to force more money into the economy of which the goal is to increase wages so consumers feel better and spend more, which in turn raise prices further = inflation. It is a never ending viscous and insidious cycle.
If you really, truly, as you say, want to begin to understand the noose we the people have around our necks via the Federal Reserve and our complicit government, start with a primer, what I call 'Money 101' by reading
The Creature from Jekyll Island by G. Edward Griffin.
