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In 1970, the average salary was about $10,000. Gold was about $40 an ounce. At a salary of $10,000, you could buy 250 oz of Gold.
In 1970, a man could support a family of four or five. A wife who didn't have to work, kids, a house and vehicle.
Today (2024), the average salary is $40,000. Gold is about $2350 an oz. At a salary of $40,000, you can only buy 17 oz of Gold. While 250 oz of Gold, is now well over $500,000 in today’s purchasing power vs the $10,000 for 250 oz, in 1970.
Our currency and monetary system has already died. It died in 2008 and has been on life support since. America has already collapsed. People just haven't figured it out yet and the full consequences yet realized or manifested. It's a process, not an overnight movie set.
Although, many places in America are starting to look like an apocalyptic movie set as our Empire collapse progresses. Below, a video depiction of drugs collapsing inner cities and a illegal immigrant invasion collapsing our border.
Digressing, our system already being dead is why so many Americans for so long, have needed two people working multiple jobs, only just to be living paycheck to paycheck, or surviving off credit alone, with minimal or no savings while never being able to get ahead. It's mathematically impossible to get ahead for the average American. The two videos above are just symptoms or consequences of a complacent population and an already dead/hijacked country.
Most American adults don’t have enough savings to pay an emergency $1,000 expense
https://fortune.com/2024/02/01/emergency-1000-expense-most-americans-broke-debt-bankrate/
More than 1 in 3 Americans have more credit card debt than emergency savings
https://www.bankrate.com/banking/savings/emergency-savings-report/
6 in 10 Americans don't have $500 in savings
https://www.cbs19news.com/story/34248451/6-in-10-americans-dont-have-500-in-savings
Americans have two jobs or more
https://www.usatoday.com/story/money/2023/11/03/more-americans-working-multiple-jobs-under-inflation/71441008007/
If you're a millennial wondering why you are worrying about being homeless now or in your later years or a senior already experiencing it. There are many things that led us where we are today. Focusing in on currency, in short, it's because of the following:
Along with our social, cultural and moral destruction, our currency has also been destroyed. A 98% devaluation since 1913, as admitted by the Federal Reserve itself. That means publicly there is $0.03 purchasing power left out of the original $1.00 and it declines every second, literally. If you'd like to watch, as I do, how fast the purchasing power is being wilted away, watch the US Debt Clock. Just don't forget your favorite bag of Genetically Modified buttered depopulation popcorn and a tooth pick for kernels.
*US Debt Clock:
https://www.usdebtclock.org/#
Hence why:
US credit card delinquency rates hit record highs in Q4 2023, signaling financial stress for consumers.
Credit-Card Delinquency Rates Were Worst on Record in FED Study – Bloomberg
https://www.bloomberg.com/news/articles/2024-04-10/credit-card-delinquency-rates-were-worst-on-record-in-fed-study
The currency does not have enough value or purchasing power left for people to be able to live off of. At least not at current wages or salaries. So people have been living off credit they have access to, even as rates soar.
Credit card interest rates are at record highs.
https://www.cnbc.com/2024/02/23/credit-card-interest-rates-are-at-record-highs.html
Credit card rates and debt do not matter when your family or yourself needs to eat and have shelter and it's your only way of affording it.
1 in 3 Americans maxing out credit cards because of inflation: survey
Millennials, especially, are dealing with record credit card debt
https://www.foxbusiness.com/personal-finance/credit-card-limit-debt-inflation
I mean, if you're one of those lucky enough to eat still (slight tongue in cheek but also becoming a reality).
U.S. Families Skip Meals to Save Money
“Over this year-long study, we have seen a very troubling trend of nearly a third of all Americans and nearly 40 percent of younger Americans, skipping meals due to financial concerns…”
Sixty-two percent of Americans indicated that they would have a hard time paying an unexpected expense of $400. Three-in-four consumers between the ages of 18-44, indicated the same, as did 72 percent of families.
https://www.specialtyfood.com/news-media/news-features/specialty-food-news/u-s-families-skip-meals-to-save-money/#:~:text=Three%2Din%2Dfour%20consumers%20between,meals%20due%20to%20financial%20concerns.
Skipping meals and not being able to cover $400 doesn't end well for anyone. It isn't sustainable and sounds like we are on a fast track to Venezuela type living already. Don't worry though, I don't want to be negative, I'm sure things will just work themselves out as they tend to and we’ll be fine in the long run (sarcasm).
Also, if the Federal Reserve Banking Cartel are publicly admitting a 98% in devaluation, it's safe to assume, it's much much worse. Why? They'd never actually tell you the truth of how bad things are.
So, what's the DILL?
In 1913 we allowed a group of private bankers (Federal Reserve Cartel) to take monetary power and control of our currency. President Nixon took the US off the Gold Standard completely in 1971. Silver was taken out of the coinage and we started creating currency (Quantitative Easing) aka counterfeiting currency from thin air.
In short, the majority of Americans have quite literally not been receiving a living wage or paycheck in America for quite some time and will not, until we have Gold and Silver reinstituted as money.
Thomas Jefferson
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
-Thomas Jefferson
Unfortunately for my generation, Millennials, and those after, most of us will probably one day wake up homeless. Thomas Jefferson knew back then, what is now actually happening and taking place today.
Homelessness in US surges to highest-recorded level
https://thehill.com/homenews/administration/4363103-homelessness-sours-highest-recorded-level/
Younger baby boomers are facing a homelessness crisis as rents skyrocket and outpace Social Security
https://www.businessinsider.com/young-late-baby-boomers-homeless-rent-social-security-2023-9
More Americans Are Ending Up Homeless—at a Record Rate
https://www.wsj.com/articles/homelessness-increasing-united-states-housing-costs-e1990ac7
Alarming Rise in Family Homelessness in the US Amidst Soaring Costs and Housing Shortages
https://www.linkedin.com/pulse/alarming-rise-family-homelessness-us-amidst-soaring-costs-arbetter
George Carlin
“That's why they call it the American Dream, because you have to be asleep to believe it.”
Coinage Act of April 2, 1792
There are 20 sections to the Coinage Act of 1792. Section 19 is one of the most important. It states that, “That if any of the gold or silver coins which shall be struck or coined at the said Mint shall be debased or made worse as to the proportion of fine gold or fine silver therein contained……every such officer or person who shall commit any or either of the said offences, shall be deemed guilty of felony, and shall suffer death.”
If that's the punishment for people committing crimes at the mint alone, like debasement of Gold and silver, what’s the punishment for an entire Government and the Federal Reserve for completely removing gold and silver from the system all together and counterfeiting illegal currency?
Article 1 section 10 of the Constitution states;
“…make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
SEC. 19 in Full
And be it further enacted, That if any of the gold or silver coins which shall be struck or coined at the said Mint shall be debased or made worse as to the proportion of fine gold or fine silver therein contained, or shall be of less weight or value than the same ought to be pursuant to connivance of any of the officers or persons who shall be employed at the said Mint, for the purpose of profit or gain, officers or persons shall embezzle any of the metals which shall at any time be committed to their charge for the purpose of being coined at the said Mint, every such officer or person who shall commit any or either of the said offences, shall be deemed guilty of felony, and shall suffer death.
I totally agree, I have come to very similar conclusions;
https://truthaddict.substack.com/p/the-great-reset-is-the-great-taking
If more Americans were awake (although it is surely past the point of no return at this point) and if Americans had realized THEY are the only solution to the mess leading to our government orchestrated demise and violent revolution, then they would have stopped complying many years ago. United withdrawl from the entire system is the only answer now - out-of-control governments that can't be trusted and have no plans/solutions so they must be starved-out and not recognized. United non-compliance starves the beast... and would show us who needs to be dealt with by those who screamed the loudest. Silence in the face of evil is evil itself. Lot's of good info here - so much has happened since April when this article was originally posted - compounding corruption continues to pile on and the sheep go about their business grazing. If "people havent figured it out yet then they won't.