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| (Graph as found. Reality is quite a bit harsher. And Gen Z would be far better off if they hadn't learned math from 60's hippies. They're about to learn it from their dead grandparents from 1934.) |
I'd have posted this as a comment to your previous CW 2.0 post, but it keeps getting cock-blocked there, due to wonkiness. This is one way to drag me back here, kicking and screaming. Well-played.)
FTR, whoever "Unusual Whales" is, the graph line that suggests "Real wages" have increased 30% in the last 40 years is far beyond mentally retarded. And merits them an internet dick punch of Godzilla-ish proportions.
Wages since 1985 have cratered. Case in point, my parents' combined household income in 1985 was at the 50th percentile at the time, i.e the mid-point, nationally. Or notionally. Mine is currently at the 90th percentile nationwide, all by my ownself, IOW, better than 90% of US households. But for me to have the purchasing power they enjoyed near the household median in 1985, my paycheck would need to be larger than it is by seven- to ten-fold. IOW, I make 500% of what mom and pop did, yet the purchasing power of my income is only about 40% of what theirs was then. That's how much nothing my fiatbux "Real wages" command currently, and how badly "Real wages" have dropped.
Gold is gold, which is why the spot price is USD$4500/oz as I write this, compared to +/- USD$300 in 1985. That means a dollar in 2026 is worth less than 7% in real terms what it was 40 years ago. (You could look it up.) Let me turn that up:
A 2026 dollar is worth <7% of what a 1985 dollar was worth.
(And BTW, a dollar in 1985 is worth less than <7% of what a 1932 dollar was worth.)
For Common Core grads, that means your dollar now is worth less than 5/1000ths - 0.005% - of what a dollar was worth in 1932. ($1 x 0.065 x 0.07 = 0.00455. QED) A dollar currently is worth less, in real terms, than the cost for the ink and paper to print it. Maybe write that down on your hand in Sharpie, lest ye forget. We don't need zinc pennies anymore, because $1 bills are the new 1/2¢ coin. And the only people who've figured that out are EVERYONE who's selling you anything, worldwide, and why all your sh*t, from cars to houses to Happy Meals, has zoomed in price. Gold hasn't zoomed. Your dollars are simply worth Jack, and Shit. That's how inflation works, with the Treasury printing fiatbux three shifts a day, and inflating the unbacked money supply by trillions, year after year. Fun times, dead ahead.
Oh, and that wasn't Boomers who f**ked you, Boomer-haters. You kneejerk know-nothings know who you are. It was every generation prior to Boomers, those born from 1850-1944 who own that. As anyone with an IQ about room temperature knows, when Nixon was elected in 1968, only the pitifully few Boomers born 1945-1947 - three years out of twenty one for that generational 1945-1965 demographic slice - could even vote for Nixon. But you dipshits "learned" - I use that term loosely - Common Core history from the same aging commie fucktards that taught you economics, which is why reality from both math and history is kicking the shit out of you in both ends at the same time. Stand up, and maybe let a cluebat smack you in the forehead, rather than the foreskin, and you might actually learn something, instead of spending your entire lives getting butt-f**ked by Reality. You public-schooled shithead simpletons. /rant
(This is also why comments from the people who chided me for saying "buy gold as a hedge against inflation, not stocks" from a year or five back haven't aged well. Suck it, chuckleheads.)
This reality is why Fiatbux - dollars, francs, yen, renminbi, whatever - are all finely engraved toilet paper. Don't make me do a retard crayon talk here. The only things that have cratered harder than "real wages" since 1985 are Russian armored regiment performance, or possibly Minnesota fraud investigations. Even Catholic church child abuse investigations have improved more than real wages since 1985. To suggest otherwise makes CNN economic reporters and hosts on The View sound wise.
The "Real wages" line on that graph should actually look like Rosie O'Donnell's future media prospects, with the endpoint somewhere below my third paragraph in this response; to suggest otherwise - as that dickheaded graph does - deserves to have the creator of that graph punched in the throat with brass knuckles, then set on fire alive, dropped in a vat of av gas, and have the dwindling pyre shot at by hunters with buckshot. It's so far beyond cretinous, that actual cretins couldn't see the creator from here, even looking from the Webb telescope in space. If somebody can't get something that simple correct, maybe graphing things isn't their game.
Sometime between tomorrow and death, most of the world is going to discover firsthand what the inhabitants of Weimar, Zimbabwe, and Venezuela all learned about financial reality. It isn't going to be pretty. In a Wile E. Coyote running off the cliff kind of way. Mind the drop.
Just saying.
- Aesop
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