I woke up with my eyes moist.
While I was sleeping,
tears had pooled in them.
I thought it strange,
but then I remembered.
I had a dream,
that the American public was in denial,
because the Fed had tricked the world,
to depend on green backs for survival.
Just because the world believes
that the USA is too big to fail,
does that give us the right,
to operate in deficits?
The only way,
for our currency to survive,
is for our America to survive.
When you buy and sell on credit,
and all you can afford is the interest,
what are you going to pay on the capital?
If the government is the bank,
and if the Fed is printing notes,
how do you know,
it’s not monopoly money?
For paper has no value,
its only purpose—is for exchange.
So what are the poor people
from other countries going to do,
when they discover
that the Yankee dollar has no value?
For your word,
just like your money,
has no worth,
if you can’t make it good.
By: ElRoyPoet © 2023
US Rep. Katie Porter PROVES How Corporate Greed Led to Inflation
Commentary: Is inflation to blame? Everybody needs a living wage. Predatory employers representing greedy capitalist have been exploiting minimum wage workers for way too long. It’s time for the employee to be treated like a human being and not just another tool. Consumers need to stop patronizing companies who enrich themselves at the expense of our social programs—that end up subsidizing the employee’s income with government benefits. When you stop and think about it, the tax payer is enabling the business owners to become richer. However, the middle class doesn’t seem to get it, because they have never really cared about the plight of the service employees. The only reason they are complaining about minimum wage earners now, is because they are beginning to feel the sting of inflation. Slick business owners and their Republican fellow travelers have been working hard to deceive consumers into believing—it’s because Biden asked them to pay higher wages. Newsflash, these unscrupulous CEO’s did not raise employee wages to be nice, but to save face! Has anybody noticed that the percentage of the inflation rate is alot higher than that of the pay raise. Where did the difference go? Did the millionaire executives give themselves another raise?
Senator Ron Johnson Stumped by Basic Inflation Question
“Until the early 1990s, the accepted orthodoxy among liberal and conservative economists was that the minimum wage killed jobs. It simply had to, because the laws of supply and demand said the measure pushed the price of labor above the so-called ‘equilibrium wage ‘or clearing wage at which supply and demand were matched. Card and his colleague Alan Krueger conducted studies that found, in a number of cases, that meaningful increases in the minimum wage had not led to lower employment in fast-food restaurants—the type of business commonly affected by the measure.
Study after study (140 in the UK alone) has found that even large increases in the minimum wage have failed to lift unemployment. Labor and product markets don’t respond, as neoclassical theory claims, to the sudden hike in wage rates. First, employers in the US and Europe have reported that they can easily pass on minimum wage increases to customers. To ‘blackboard’ economists this makes no sense—after all, if customers were prepared to accept higher prices, the companies would have already tried to increase them. But it appears the wage hike fundamentally changes the behavior of both employer and customer in a way for which theory cannot account. In effect, we see that consumers of services or goods do not have fixed preferences; they either do not have a price elasticity of demand, or it’s so subject to change that estimates of it are as useless as predictive tools.
Card’s Nobel Prize is a sign of economics advancing along scientific principles of learning from its previous errors. A clearer sign is the fact of governments in the UK and Germany, which had been skeptical about minimum wages, proceeded in 1999 and 2015 respectively to introduce them. Yet every introduction of a minimum wage and every above-inflationary increase is met with warnings from the economic establishment.
For example, when Germany proposed a minimum wage, the state-appointed panel of economic experts known colloquially as Germany’s ‘wise men’ called the suggestion that the measure would not kill jobs ‘a vast illusion’. More recently, the economist Larry Summers warned last year that US President Joe Biden’s proposal for a $15 minimum wage would cause employers to ‘shift away from the most vulnerable and inexperienced workers’, while Britain’s most widely cited economic forecaster, the Institute of Fiscal Studies, warns at least once a year about the potential employment effects of the UK’s typically modest minimum wage increases.” Excerpt from The worldly turn
Why Silicon Valley Bank Collapsed & What’s Next
“I have attachment tendencies. I also have an addictive personality, but the hardest thing to overcome is my guilty conscience. By: B. Bondsman
“In every encounter, we either give life or we drain it; there is no neutral exchange.” By: Brennan Manning
“The world has enough for everyone’s need, but not enough for everyone’s greed.” By: Mahatma Gandhi
“Beware of those who weep with realization, for they have realized nothing.” By: Carlos Casteñeda
How Inflation Precipitates Societal Collapse
The Uncensored Truth about Inflation—How Inflation Enriches Politicians and the Elites