Minimum-wage trap
In 1930, there was no minimum wage and no withholdings. The average annual salary was about $1,970; the average house cost $3,845, car $600, gas 10 cents a gallon and bread 9 cents.
Today’s average salary is $30,257 after withholdings. That’s 15 times greater than the 1930s (not counting for inflation). However, the average house now costs $272,900, or 70 times more; car $29,217, or 50 times more; and bread and gasoline about $3.50, or 35 times more.
Democrats see the inequity and say, “Raise the minimum wage.” Republicans see the economic loss and say, “Stop.”
Neither group offers a solution. Each clings to the same system of fake money, debt and usury, which causes the inflation. We forget a dollar is a three-quarter ounce of silver and not a piece of paper.
Money is anything of intrinsic value. Cattle, salt, gems and metals are money. Paper is not.
In the 1930s, gold/silver money was replaced with paper Federal Reserve Notes. These are not what the bank owes us, but what Congress owes the bank.
The banking system now owns everything. As long as we love fake money and usury, we will have inflation, debt and economic slavery.