The part of crypto people fail to confront is the real possibility of a backdoor or master key that can over ride accounts. Think Apple and the iphones they refused to unlock with the San Bernardino shooters, they could have done it, but they wouldn't, -- key phrase they could have. If anyone has done any kind of linux or system engineering, there is ALWAYS a way to circumvent security, we have all done it for ourselves when testing things to ensure we do not get locked out or leave an easy way to get in to something later on. Just because one wants to believe it is secure, doesn't make it secure in reality.
The banks are all tied together via the same system, trading is tied together trough the same networks. The IRS could empty your bank account before you finish blinking. Of course, the cabal is behind crypto, it is simply another scheme to let people feel secure about something prior to the hammer coming down. An additional thought is quantum computing, why wouldn't the cabal have access to that kind of technology, especially when they are financing it? To borrow a line from Contact, "why build one when you can have two at twice the price?" Quantum computation could walk through the crypto like it wasn't even there, especially if you had something similar to a Beowulf cluster.
The other part of this crypto fans again ignore is that crypto is being pushed by NWO cabal puppets, does anyone really believe the people that want to rule over you, enslave you further, remove 95% of the world's population want you in any way to have easy access and a method to secure money? These people look at money as something they are letting you use, but in reality they know it belongs to them. Don't forget these are the same bastards who started fractional lending while being goldsmiths.
Yup, called a 51% attack and Bitmain has the capability, because it supplies majority of hash rate. Bitmain/China produce the majority of miners on the market.
I'm sorry, but you're totally wrong about a "backdoor or master key" to the blockchain. I suggest you familiarize yourself with how it works.
The IRS and hackers can not touch your crypto if you keep it off exchanges and in cold hard storage.
Crypto is only being pushed by NWO because they want a centralized crypto--like what they allow in China--which is evil and is the antithesis of decentralized crypto which is meant to circumvent the banks, middlemen, and governments and give financial independence back into the hands of the people. No one can control decentralized crypto. I recommend this video if you want to find out more: https://www.bitchute.com/video/jUQ8XJzsmLf7/
Actually any quantum computer can break blockchains like bitcoin very easily since the cryptographic algorithms used are not quantum proof.
Also, if you control 51% of computing power in the blockchain, you can take control of the blockchain.
Also, since 90% of people leave their crypto on the exchanges, the exchanges can manipulate the market including crashing the value, or even steal these cryptos while saying they got "hacked".
I can go on and on, but people on both sides of this debate have a lot of misconceptions and usually both are right to some extent and wrong to some extent.
The power of crypto is not primarily as a currency, but as a authoritative digital contract / smart contract that allows people to operate in whatever systems transparently. People seem to miss this point.
You sound like a massive shill. You made a fuckload of absolute claims and did nothing to back them up. Standard shill behavior. You don't even understand the basic concepts of blockchain, that's clear. Lol so crypto blockchains all have "backdoors" because linux uses sudo to circumvent operating under root? That's your evidence?
"NWO cabal puppets" are pushing crypto? Are you talking about Jack Dorsey? The guy being laughed out of town every time he tries to announce a new crypto venture? Who are you talking about?
u/Manilla Yes, I actually think you are pretty stupid mr. year--old-hardly-posted stealth account. You looked up sudo usage all by yourself, did you? Let me guess, your typed up your response on your 'puter too right? If you think sudo use is a back door, then I can't help you as you have no clue. Soros is pushing crypto very hard right now genius, that goblin is many levels above Dorsey if you weren't aware. You keep using the word shill, but it's quite apparent you have no clue what the correct usage should be. I'm hardly pushing the use of crypto or in favor of it -- if I was pushing it as you are, then I would be shilling for crypto. Please delete your account and go back to reddit.
Wanting something to work so bad b/c you think it is awesome isn't going to make it any more viable or practical.
does anyone really believe the people that want to rule over you, enslave you further, remove 95% of the world's population want you in any way to have easy access and a method to secure money? "
I'm still looking for a good explanation for why the SEC is going so hard after XRP. I know for a fact that international banks are heavily invested in Ripple. I have yet to hear a sound reason for this seeming inconsistency.
Have you looked at Civil Forfeiture laws?
Would you rather travel with a million dollars worth of silver, fiat currency, or crypto?
At least I can scatter and disguise a key and password well enough that the feds can't seize my crypto wallet.
Until they seize your device and now it is like a pirates buried gold. Nobody has the wealth and they torture you until you tell them how to get it or you die.
Did you know blockchain wallets can exist on a post-it note with 24 random words that you can also generate yourself on paper? Those words become the key to your wallet.
Yes, you need internet and electricity to work on the blockchain. OK? You need a refinery to make silver. Everything requires some form of energy or device in order to be created. How commonplace that form of energy or device becomes will dictate how successful you are at creating it.
I'd. I like gold. I like silver. But I've made far more holding crypto than everything else combined. I mined my first bitcoin in 2008 using dual ATI x1600 pro GPUs. I've watched it from the beginning. I've consumed all the hate and all the love for it. The only thing that ever mattered to me was results. And by god did I get results.
Oh, as an investment in a world with internet, I can understand crypto being the gold coin of the digital world. Gold/ silver are already mine and processed at this point. If I want a silver coin in a world without internet and electricity I can trade blacksmith work for it. I can trade home grown potatoes for it. I guess I'm a bit of a doomer. As far as investments...DWAC at $14 a share was good enough for me. So was SBUX at $6.
If they know you have wealth and you don't turn it over it doesn't matter if it is physical or crypto, they'll treat you the same. I agree that crypto is safer from theft, but you're relying on a lot of technology remaining available to use it.
That's why I'm only for privacy coins like Monero.
If technology goes in to the crapper don't expect stores to be open. There aren't enough cashiers that can count change.
What if your “device” is just random words in a notebook that only you have the cipher for? You also you have 10 backup copies in various locations so even if they stole you notebook for some random reason they still have nothing.
Why not invest a little in both? Although I'd personally recommend a little heavier in silver than crypto.
Silver consistently holds its value over time. Crypto is very volatile, but depending on which coins you pick, it's highly possible to hit a 10x if not more. Plus if you look at the main coins since inception, they do tend to increase a lot on average.
Q4. Will I recognize a gain or loss when I sell my virtual currency for real currency?
A4. Yes. When you sell virtual currency, you must recognize any capital gain or loss on the sale, subject to any limitations on the deductibility of capital losses. For more information on capital assets, capital gains, and capital losses, see Publication 544, Sales and Other Dispositions of Assets.
Exactly. I mine and invest in and out of crypto but I stack and hold silver. Look at the price of silver right now. It may never be like this again. It's almost not even profitable for miners at this price point. They are doing everything in their power to keep the price down.
Silver is currency only if other people deem it so. If the power goes out for a week, not sure how many people or establishments near me would accept silver coins as payment. Silver bars are out of the question, you can't easily break it down into smaller denominations.
Silver & gold are more of a store of value rather than a currency.
I guarantee you that if all the power went out worldwide, which is what it would take to eliminate crypto, silver also wouldn't be worth shit at that point.
Bitcoin and most other cryptos can be surveilled, but Monero is a truly anonymous crypto. It obfuscates wallet addresses, amounts, and IP addresses, so it's not possible to use blockchain analysis methods on it.
There are a lot of other great things implemented in that project, let me know if you have any questions
Secrecy? It’s open source. You can read the code yourself and it’s been open source since the beginning. That’s akin to saying “I don’t like this mathematical proof because I don’t know who made it”.
It is a communication system but moreover it’s a unchangeable database that can be used as a ledger or for other purposes. And its all done with no centralized authority. That’s the kicker!
The fine thing about a combination of crypto and silver is that you can easily exchange, without having to involve any (((middlemen))). Some places already have ATM's where you can exchange between crypto and precious metals.
Genuine question: I understand the idea of silver and precious metals, but what's stopping (Them) as the Powers That Be from just simply saying "Tough titties, your silver is worth this instead?"
Crypto has value if it takes resources to mine and it has some degree of finiteness to it depending on which one it is and how many people adopt. Computers and electricity aren't free.
That covers your point. If you can pay with a silver crypto then they likely accept silver coin as well. Problem is there's a lot of fake silver coins and they have to have a quick way of spotting counterfeit coins.
If you can pay with a silver crypto then they likely accept silver coin
That is a fair statement.
Re: PM's, don't buy Chinese Pandas or bullion unless scanned in front of you, don't buy PMs from a pawn shop unless you see the item scanned, only buy PMs from reputable dealer online or IRL and IRL with a scanner. One exception to the above is small demon pre-64 US coins. For now at least & gold excepted, fakes have not appeared in junk silver except Morgans & Peace dollars. There isn't enough money in it, yet. So I would still feel OK about US junk found at a yard sale or auction. And throw numismatic value out the window, base your purchase on spot only.
An object's value is not determined by the effort that went into it. That's literally a Marxist view of value. An object's value is determined by the perceived utility to the buyer.
Bitcoin's ledger is public. You're not exposed unless your name is tied to a transaction.
If I buy coins with a Credit Card on an exchange there's a record. If I buy and sell using cash on a street corner there's no record unless you're dealing with a rat that turns you in.
Do not buy a wallet from best buy or amazon or ant 3rd party get it from Ledger
it need to be CLEAN with as little hands touching it as possible. No incedences these guys said, from 6 7 8 fig Crypto investors I know. but do your homework. https://shop.ledger.com/products/ledger-nano-s
Do you know what open sources is? Would you rather travel with physical currency that can be seized or would you rather have money in multiple private wallets with keys and passwords they can't identify or located if you take precautions?
Are you ready to move back to a pre 1800 society right now? If not you need an alternative digital currency beside whatever you choose as physical currency.
What about electricity? You gonna drive into city every month, find a parking space, walk to the (((bank))), then get fucked over, pay 50% in fees only to pay your electric bill? Why not stay at home, make a digital payment with crypto, without middlemen involved?
Cuz government don't need to know where my money comes from or where it goes.
At this point in history,crypto make absolutely 0 sense.what are you gonna do when the lights or internet go out fir an extended amount of time???? Gonna hope a cashier believes you have the money 8n the 6 month old screenshot you're showing them?🤣🤣🤣🤣
The largest silver hoards are JPMorgan's silver depository for COMEX (50% of world's supply of silver bullion) and ETF iShares SLV stockpile (BlackRock). Central banks hoard 1/5 of the mined silver each year. I agree that fiat should not be used, but if the silver market is cornered and controlled to the degree that it is currently, how is that going to be a fair solution?
Decentralized cryptocurrency is a solution to this since there can be a finite supply, unlike precious metals whose mining market can be cornered. It eliminates the need for a bank. Transactions can be made instantly to anyone who has an internet connection. The blockchain can not be hacked and so your money is totally safe, apart from user error, if you take it off an exchange and keep it in cold storage.
At this point in history, the lights and internet don't go out for an extended amount of time often and crypto is always going to survive as long as the internet exists somewhere on planet earth. Now, if you're truly afraid of a global SHTF scenario, what the hell is any currency, gold, silver, cash, or crypto going to do for you?
But cold hard cash relies on make believe numbers in fairy tale land. That's what the FED does with inflation. They take value out of your cash every time they print more.
Unless you avoid online banking and use cash for everything, electronic fiat funds are tracked by banks and credit card companies. Monero (a cryptocurrency) allows complete anonymity while making purchases online.
Where do you currently pay with silver and gold? I haven't found a single pace that takes it yet. See the problem here, as long as there's no support for silver and gold in the infrastructure, no place will accept it, not even after a power outage. It all goes black and you'll find yourself having to live on what you have while fending of a herd of unprepared zombies.
I'm well aware that crypto will be unuseable in a SHTF situation, are you aware that your gold and silver will too? In fact we already had outages during last years cyber attacks here in cashless hell. Cash and gold didn't help. The stores closed down completely for days.
"Days"? That's not nearly long enough for society to return to the real money of gold and silver. You already have 90% of store clerks not being able to accept a genuine $2 bill.
Gold and silver are a store of value. They don't disappear when the electricity goes out.
Neither does crypto, it stays safe on the drives, just like every other file. Only with thousands of copies spread across the world.
Still, if nobody accepts it as medium of exchange, it's essentially worthless. And at some point the society will rise again after collapse, but nobody knows how long that's gonna take... why would you need a "store of value" that's temporary worthless in such event?
Why not prepare production wise, by say having many chickens. Then once the society recovers, you can sell eggs and get anything you might need in a post apocalyptic society in exchange. Bartering will be how we trade after a collapse.
And soon as we get computation, power and connectivity up again you'll have access to your crypto once again too.
You don't put everything you have into metals. You take care of everything else, such as the stockpile, etc., and then if you have more wealth, put that into metals.
After a collapse, it won't be barter forever.
If there is a collapse, the crypto disappears permanently, just like everything else on the systems.
If there is a collapse, the crypto disappears permanently, just like everything else on the systems.
You're right about everything except this. Do you even have the slightest understanding about technology, peer-to-peer, TCP/IP, ram vs disk etc or am I wasting my time explaining exactly how it would take an event bad enough to kill every human on earth before "crypto is gone forever".
Wrong, I pay everything with crypto, you're just in the wrong place. Now to be fully fair with you, name one place, anywhere in the world where you can live and pay 100% of your purchases with silver, gold or any other precious metal.
If you buy onl8ne,ya you can use crypto. Aint a brick and mortar store within 100 miles of me that takes make believe money. They all got atms to sell it to you fools though.
How much did crypto drop in the last couple weeks?🤣🤣🤣🤣
How much did crypto drop in the last couple weeks?
I'm still up 10 000%, with some loss for the purchase of a farm and some additional tools to live off grid. Sorry to disappoint you, seeing that you enjoy another mans loss. 🤣🤣🤣
How's your gold going? mine's only up about 25% in a couple of years.
Because all the things you just said is built on centralization, i.e taking the control away from you. And that's the real issue, not the fact that something is digital or physical.
Cash is just as bad, it takes control away from you in contrast to precious metals.
And get robbed by road pirates who knows you have silver coins on you.
Oh no. The horror. Actually buying local, when you have a physical medium of exchange.
"Actually get shit done"... you know it'll take you a day or two to walk to the next village... without power you can't pump gas into your car. What's wrong with you people, you think only certain electronic things will be affected by a power outage? no everything goes down. Straight back to the 1800 century.
You either have power or you don't, now which one is it?
With power and a functional market there is no problem to use digital payments.
Got it? Good, now tell me more about the world without power, how exactly do you expect to pay for shit you need with silver if the power goes out tomorrow. You won't even have a market, are you gonna bribe the guy trying to rob you for food?
I didn't make that up, you made a scenario up that would require a complete worldwide power outage. My scenario is based on yours until you explain what you really meant. But perhaps it's too hard for you to understand when you can't even understand how the technology you hate works.
With power and a functional market there is no problem using physical currency, either.
Ok, I get it, you're just butt hurt because there exist a digital medium of exchange, which brings the control back to you instead of giving it to the (((banks))). You just can't accept that there are alternatives, parallel economies, which can coexist much easier than (((banks))) and precious metals.
The same way payments have been made for the last ten thousand years of human history.
The world has changed since we got electricity, people can no longer handle physical payments, kids these days don't know how to count, they don't know weight units. Every system is digital and centralized, inventory systems, production, logistics and everything depends on some central authority, always. you can't fix that and bring back physical payments, unless you first solve the centralization and dependency issues. It's just not possible.
(((They))) have spent over 200 years to centralize and make everyone dependent on them through centralization and digitization. You don't change that overnight, it's gonna take time and preparation.
You must be a (((banker))), there really is no contradiction here. I care about one thing only, control over my own money. Something both precious metals and crypto will provide.
I don't expect any of these to be functional or hold value in case of a power outage. I hold them as a store of value, and to buy shit I need right now, while we still have a functional market.
How are you gonna survive, if all you have is a pile of silver coins, no guns, no food, no farmland?
Look, I get the whole thing about you don’t want to believe you made the wrong choice by going with crypto, and I totally understand that you’re really locked into your position because crypto crashed.
But the difference between the smart man and the wise man is that the wise man cuts his losses once it’s apparent he’s fucked up.
Look fat, I'm in cashless hell, the only reason I'm still alive is thanks to crypto. Now I own a farm, supplies and everything I need to live off grid, how the hell does that constitute as "the wrong choice " in your world?
And those generators can't spare a few watts for a device capable of receiving crypto? Funny how the narrative always changes to fit the anti-crypto agenda. What is your point? Assuming there's still power, what would stop you from doing a local peer-to-peer payment? there's plenty of transfer options.
Bank transfer and card won't work tho because you need internet connectivity for that all the way to the banks central servers.
Good, now we just need to get more people to buy physical silver, otherwise they'll just inflate the price and once the crash comes we'll pay the loss.
I don't know who the "they" in your question is but wallstreetsilver is a subreddit which is focused on silver, in other words, it's a forum just like this website is a forum centered on Q. If you're in the US a local coin shop (LCS) should take cash. I'm in Australia so I can't say for sure though.
If they took away minimum wage, you'd see more jobs pop up than you've ever seen. Service and customer service would be the best you've ever seen.
My only problem with Crypto is that it's all computer programed. Therefore, if you internet or power go out, you are pretty much screwed if you are a regular person. One reason why I still like cash, gold, and silver. Cash is far lighter to carry than gold and silver. The other issue with crypto is that its just too volatile right now. If you sold a lambo 6 months ago with Cypto. You'd be down atleast 40% on the crypto you traded for. It needs to be far less volatile before it can be a reasonable currency. Just my thoughts on it. I realize we need to get away from the Fed. But we need something similar to current cash, just backed by something real like gold. If we went back to the gold standard. Gold and silver would boom where it should be. Atleast it would slow this crazy debt we are printing right now.
The majority of Americans do not work for minimum wage. There is already competition for skilled jobs, which is good.
Minimum wage laws create an artificial barrier of entry to the workforce that disproportionately affects young people. This is why you see jobs for entry level marketing asking for a masters degree.
People learn valuable skills and either get promoted, or move to a new company. When minimum wage is in place, companies have less entry level positions and new workers never receive the chance to learn and grow. They remain unemployed.
Ironically, many of these entry level jobs still exist—but people pay for the privilege of working there. They are college internships and most students are charged 4-8 credit hours for real world experience. It is promoted as highly valuable, but only when it’s tied to a university.
Money is a resource. If you are forced to spend more, it must come from somewhere. Either by creating a worse product, buying inferior raw materials, or cutting the labor force.
As many companies want to keep their customers happy, they try not to decrease product quality or increase costs.
What would happen if they raised the minimum wage to $2,000 per hour? Companies obviously couldn’t survive, many people would be fired, and prices would skyrocket to keep up.
The same thing happens on a smaller scale with a $2.00 increase.
Well, yes exactly. If they cannot afford to pay employees, they will have to make sacrifices, downsize, etc. That's sort of the push/pull of the free market. The answer isn't to cut paychecks of your workers
I agree that you can't raise the wage to 2,000 per hour. Nobody could afford that. But you can't say that it's the same as a $2 increase.
That would give people incentive to work up to better jobs. Minimum wage jobs aren't meant to be lifetime careers. I started at minimum wage, moved up to a higher position, moved on to a better paying job, and then to a high pay office job that I retired from.
I worked in a store. I rented a small house in the country. I owned a car. I bought the latest 45s every week, as well as books and magazines.
People are spoiled now and want too much. You can live on just a little, if you adjust your desires. If you don't have much money, get a mobile home. A used one is as cheap as a used car. I bought one back in the 80s for just $3,000 and lived in it for three years. I drove a used car, only bought retreads for it, and I ate cheap food. I also learned to use coupons. There are many options for those who choose them.
Do you think that a person making a minimum wage job today will be able to rent a small house, own a car, and have disposable income that will allow them to purchase new things each week?
Do you realize that 3K back in the 80s is 10K now, and most people don't have that kind of money just lying around?
I bought the trailer on a three year loan silly. I certainly didn't pay cash.
I just checked current prices in my area, and you can get one with a five year loan for about $300 a month. It is doable right now.
During most of my working life, I kept my monthly expenses down enough to be covered by a minimum wage salary in case I lost my job and had to go back to minimum wage.
What area do you live in, vaguely? Because based on your prices I'm assuming you're in a rural area. Would you expect the same for those living in a more populous area? Because prices there are not the same.
Also, you should understand that the cost of day to day supplies has increased disproportionately to the minimum wage
There should be crypto backed by gold/silver. Would consistently keep its value over time due to the backing, but have the advantages of crypto such as smart contracts and near-instant transfers. Don't have to worry about ghost tokens/paper shares or whatever you want to call them, because of blockchain technology (so long as you have good auditing).
Crypto might be ok but it can't be a main currency. We need real cash, coinage.
Crypto depends on technology and technology is always unreliable. We cannot have a resilient society if the most basic of needs is dependent on technology. You go to pay for something and you need a phone with you? That's not run out of batteries or hacked or anything? What if the wifi doesn't work? I'd rather have real cash. Technology is and always will be unreliable. A silver coin would never fail
This is a catch 32 situation, you need precious metals, such as gold and silver coins as primary money, that absolutely correct. But you can't get there from today's centralized digital systems, (((they))) will never let go of the grip.
What you can do however is a two step solution, first implement crypto into already existing digital systems, this is simple to do. By doing so you remove the middleman, hence taking back control over your wealth.
Now from there it's easier to add support for precious metals, other cryptocurrencies or whatever you want to use as medium of exchange.
They are making ATM cards that link to your crypto wallet. Not different from how most people conduct business nowadays as very few carry cash on hand.
Not crypto. Silver. Buy silver for two reasons. 1) it is highly manipulated to be far far less than its real value. 2) this is the biggest short squeeze on the planet and it is going to collapse the financial system if we can just empty out the vaults and force price discovery. So if you are fighting the system... you buy silver.
This may happen at some point in the future, but would likely take a while to matter. Right now the costs would be way too high in comparison to the value of the mined goods.
When that happens there will be an inflationary period, then prices will adjust. This is how supply/demand works. It is how it has always worked. The same thing happens in reverse as technology absorbs the silver. When it becomes cheaper because there is more of it, electronic tech booms because silver is cheap, some is taken out of the barter space, and deflation happens.
There is nothing wrong with inflation and deflation. The problems come from:
Controlling inflation and deflation, or in the case of our system, requiring inflation to stay afloat.
Relying completely on one asset for all exchanges. This is why a real system of barter is essential.
If we were to:
create a crypto for each stock type, and several PMs (not just silver), and anything else which is divisible, and storable, i.e. could reasonably be made into an asset backed crypto,
created markets for easy exchange of them in barter,
created infrastructure to be able to exchange our various real assets between their crypto and in hand form (or just take over banks and use them for that purpose, since I think bank buildings are going to be real cheap real soon),
then an influx of one resource and its change in supply/demand would be irrelevant to the strength of the market; all of it backed by real assets. No faith based currencies are necessary nor desirable.
Too much “normie”-type thinking regarding crypto. You guys need to do your homework on it. You’ve become an echo chamber of crypto-conspiracies that have no grounding in truth. Blockchains are not the problem. They are a solution!
But you cut only a fragment of their comment to change its meaning, correcting something that they didn't even technically write as a complete thought. Basically the equivalent of me taking this:
Unfortunately, you are one of many on this site that prides itself on its "awakened" user base. If you would like to expand your knowledge, this video is highly informative and goes over the benefits of BTC and decentralized currency. https://www.bitchute.com/video/jUQ8XJzsmLf7/
When silver currency runs the everyday economy, I have to wonder at the purchasing power of actual pre 65 coinage.. will the price index be lowered to 1964 levels?? I worked at a grocery store and remember when the parents of large families shopped, 2 large carts were filled to the brim with $100 worth of groceries.. A guy can hope, ayy??
Packing them correctly is an art, some heavy items at the bottom of each bag and lighter items on top. Also never anything at all on top of bread or eggs.
David Letterman used to be a bag boy and demonstrated on his show one time.
In terms of constant (1964) dollars, median family income was 6600. a year
The average car in 1964 cost less than $4,500
A house in 1964: $18,900
You have to use dollar cost averaging to get a proportional figure.
I remember in the 80s,we pushed 2 sometimes 3 carts around and filled them. Mom was always packing shit into the cabinets and freezer. At one point we had a chest freezer.
Iirc mom and dad spent like 300 maybe 400 a month on groceries.
Actually, as long as a single internet node exists somewhere on planet earth, cryptocurrency will exist. Also, the blockchain can not be hacked or deleted.
I remember back in 1994 when minimum wage was $4.25/hr and a Burger King whopper was $0.99 then until a year or so ago I believe minimum wage here in Florida was around $8.25/hr but I think it's up to $10/hr now but I won't say that 100% since I've worked for myself for over 10 years now and haven't had to punch a time clock in a long time.
My point to this comment though is that in 1994 if you worked for 1 hour at minimum wage you could buy 4 whoppers for that 1 hour of wages. Today if you worked 1 hour you would only be able to buy 2 whoppers with that 1 hour of wages.
The value of beef probably hasn't gone up since 1994, if anything as society improves ways to have more meats distributed it would seem as if the value should be even lower than it would have been in 1994. However, we see the price of that beef having gone up 400% or more and wages barely exceeding 200% since then.
I remember when gas was $0.69 per gallon and a day ago I paid $3.45 per gallon for gas. The horrible inflation is highly noticeable everywhere but unfortunately not enough people seem to care and are just like fuck it whatever it is what it is type of nonsense.
I'll stick with silver and gold. Crypto is not for me. Ive researched it and IMHO, it's a fools money. It's like a light switch. Only works when its on. Internet out? Electric off? You're broke.
For a hundred years, there’s been a conspiracy of plutocrats against ordinary people. In 1945, corporations paid 50 percent of federal taxes. Now they pay about 5 percent. In 1900, 90 percent of Americans were self-employed; now it’s about two percent. It’s called consolidation. Strengthen governments and corporations, weaken individuals. With taxes, this can be done imperceptibly over time.
Ever wonder why big car corporations pay two percent tax and the guys on the assembly line pay forty? Corporations are so big, you don't even know who you're working for. That's terror. Terror built into the system. Do you ever ask what it's all for? The surveillance, the police, the mask mandates? The entertainment and videogame industry teaches teenagers to fight when it still seems like a game,
crypto is not sound money... mothefucking gold and silver is. Crypto is one fat scam, the oligarchs created it so you idiots invest in digital nothing while they invest in assets like land and property, gold, silver, etc.
Why crypto? How about... Silver!
Silver is still currency when the power goes out.
That's right. Crypto is a solution in search of a problem.
.........and it’s gone.
The part of crypto people fail to confront is the real possibility of a backdoor or master key that can over ride accounts. Think Apple and the iphones they refused to unlock with the San Bernardino shooters, they could have done it, but they wouldn't, -- key phrase they could have. If anyone has done any kind of linux or system engineering, there is ALWAYS a way to circumvent security, we have all done it for ourselves when testing things to ensure we do not get locked out or leave an easy way to get in to something later on. Just because one wants to believe it is secure, doesn't make it secure in reality.
The banks are all tied together via the same system, trading is tied together trough the same networks. The IRS could empty your bank account before you finish blinking. Of course, the cabal is behind crypto, it is simply another scheme to let people feel secure about something prior to the hammer coming down. An additional thought is quantum computing, why wouldn't the cabal have access to that kind of technology, especially when they are financing it? To borrow a line from Contact, "why build one when you can have two at twice the price?" Quantum computation could walk through the crypto like it wasn't even there, especially if you had something similar to a Beowulf cluster.
The other part of this crypto fans again ignore is that crypto is being pushed by NWO cabal puppets, does anyone really believe the people that want to rule over you, enslave you further, remove 95% of the world's population want you in any way to have easy access and a method to secure money? These people look at money as something they are letting you use, but in reality they know it belongs to them. Don't forget these are the same bastards who started fractional lending while being goldsmiths.
Yup, called a 51% attack and Bitmain has the capability, because it supplies majority of hash rate. Bitmain/China produce the majority of miners on the market.
While it's theoretically possibly, it is highly highly highly unlikely.
I'm sorry, but you're totally wrong about a "backdoor or master key" to the blockchain. I suggest you familiarize yourself with how it works.
The IRS and hackers can not touch your crypto if you keep it off exchanges and in cold hard storage.
Crypto is only being pushed by NWO because they want a centralized crypto--like what they allow in China--which is evil and is the antithesis of decentralized crypto which is meant to circumvent the banks, middlemen, and governments and give financial independence back into the hands of the people. No one can control decentralized crypto. I recommend this video if you want to find out more: https://www.bitchute.com/video/jUQ8XJzsmLf7/
whomever built it, can get into it, don't delude yourself
Actually any quantum computer can break blockchains like bitcoin very easily since the cryptographic algorithms used are not quantum proof.
Also, if you control 51% of computing power in the blockchain, you can take control of the blockchain.
Also, since 90% of people leave their crypto on the exchanges, the exchanges can manipulate the market including crashing the value, or even steal these cryptos while saying they got "hacked".
I can go on and on, but people on both sides of this debate have a lot of misconceptions and usually both are right to some extent and wrong to some extent.
The power of crypto is not primarily as a currency, but as a authoritative digital contract / smart contract that allows people to operate in whatever systems transparently. People seem to miss this point.
And what if the enemy decides to freeze accounts or the power goes out? Permanently? Yeah, you youngsters assume that technology will always be there.
You sound like a massive shill. You made a fuckload of absolute claims and did nothing to back them up. Standard shill behavior. You don't even understand the basic concepts of blockchain, that's clear. Lol so crypto blockchains all have "backdoors" because linux uses sudo to circumvent operating under root? That's your evidence? "NWO cabal puppets" are pushing crypto? Are you talking about Jack Dorsey? The guy being laughed out of town every time he tries to announce a new crypto venture? Who are you talking about?
How stupid do you think we are?
u/Manilla Yes, I actually think you are pretty stupid mr. year--old-hardly-posted stealth account. You looked up sudo usage all by yourself, did you? Let me guess, your typed up your response on your 'puter too right? If you think sudo use is a back door, then I can't help you as you have no clue. Soros is pushing crypto very hard right now genius, that goblin is many levels above Dorsey if you weren't aware. You keep using the word shill, but it's quite apparent you have no clue what the correct usage should be. I'm hardly pushing the use of crypto or in favor of it -- if I was pushing it as you are, then I would be shilling for crypto. Please delete your account and go back to reddit.
Wanting something to work so bad b/c you think it is awesome isn't going to make it any more viable or practical.
Outstanding comment. I agree on most of it.
I'm still looking for a good explanation for why the SEC is going so hard after XRP. I know for a fact that international banks are heavily invested in Ripple. I have yet to hear a sound reason for this seeming inconsistency.
45 years in tech and I agree. Can you explain that to my 27 yo mechanical engineer son?
which part specifically por favor?
Have you looked at Civil Forfeiture laws? Would you rather travel with a million dollars worth of silver, fiat currency, or crypto? At least I can scatter and disguise a key and password well enough that the feds can't seize my crypto wallet.
Until they seize your device and now it is like a pirates buried gold. Nobody has the wealth and they torture you until you tell them how to get it or you die.
Did you know blockchain wallets can exist on a post-it note with 24 random words that you can also generate yourself on paper? Those words become the key to your wallet.
Yes, you need internet and electricity to work on the blockchain. OK? You need a refinery to make silver. Everything requires some form of energy or device in order to be created. How commonplace that form of energy or device becomes will dictate how successful you are at creating it.
I'd. I like gold. I like silver. But I've made far more holding crypto than everything else combined. I mined my first bitcoin in 2008 using dual ATI x1600 pro GPUs. I've watched it from the beginning. I've consumed all the hate and all the love for it. The only thing that ever mattered to me was results. And by god did I get results.
Oh, as an investment in a world with internet, I can understand crypto being the gold coin of the digital world. Gold/ silver are already mine and processed at this point. If I want a silver coin in a world without internet and electricity I can trade blacksmith work for it. I can trade home grown potatoes for it. I guess I'm a bit of a doomer. As far as investments...DWAC at $14 a share was good enough for me. So was SBUX at $6.
I don't think you understand how crypto wallets work.
You have to enter your password to use it. If you close it or it times out, it's no good to anyone.
You can uninstall it and access your wallet at a later date as the wallets still exist without the client.
You can have multiple wallets.
If you believe you will be tortured you can create one with little or no money in it to surrender.
If they seize your device assume that device is compromised and go get a new one.
Or you could just go bury your physical money or currency in your back yard. I'm sure nothing bad will happen to you or it...
If they know you have wealth and you don't turn it over it doesn't matter if it is physical or crypto, they'll treat you the same. I agree that crypto is safer from theft, but you're relying on a lot of technology remaining available to use it.
Don't put all your eggs in one basket. You'll need barter material. But as a store of wealth, crypto has a lot of advantages.
That's why I'm only for privacy coins like Monero. If technology goes in to the crapper don't expect stores to be open. There aren't enough cashiers that can count change.
Hacks/keyloggers...
Hello 1999, Is your password PassWord! or WassPord?
What if your “device” is just random words in a notebook that only you have the cipher for? You also you have 10 backup copies in various locations so even if they stole you notebook for some random reason they still have nothing.
Why not invest a little in both? Although I'd personally recommend a little heavier in silver than crypto.
Silver consistently holds its value over time. Crypto is very volatile, but depending on which coins you pick, it's highly possible to hit a 10x if not more. Plus if you look at the main coins since inception, they do tend to increase a lot on average.
That's why crypto is an investment and not a real currency.
When you convert your crypto, you have to pay capital gain on your return.
Who do you have to pay? Are we paying for our prisons?
In the US you pay the IRS.
Q4. Will I recognize a gain or loss when I sell my virtual currency for real currency?
A4. Yes. When you sell virtual currency, you must recognize any capital gain or loss on the sale, subject to any limitations on the deductibility of capital losses. For more information on capital assets, capital gains, and capital losses, see Publication 544, Sales and Other Dispositions of Assets.
https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-on-virtual-currency-transactions
And yes, prisons are funded from taxes.
you live in a prison of forms and government threats
I like GME the superstonk. Silver second place. Lots of land and properties close third place.
Exactly. I mine and invest in and out of crypto but I stack and hold silver. Look at the price of silver right now. It may never be like this again. It's almost not even profitable for miners at this price point. They are doing everything in their power to keep the price down.
So much this. EVERYTHING has gone up, dollar obvs losing ground but the metals are holding LOW if it isn't obvs by now...
Silver is currency only if other people deem it so. If the power goes out for a week, not sure how many people or establishments near me would accept silver coins as payment. Silver bars are out of the question, you can't easily break it down into smaller denominations.
Silver & gold are more of a store of value rather than a currency.
I guarantee you that if all the power went out worldwide, which is what it would take to eliminate crypto, silver also wouldn't be worth shit at that point.
Lol I’ve thought that at times. I diversified but heavily invested in brass.
I like LEAD.
That point seems to be over looked by many.
Bitcoin and most other cryptos can be surveilled, but Monero is a truly anonymous crypto. It obfuscates wallet addresses, amounts, and IP addresses, so it's not possible to use blockchain analysis methods on it.
There are a lot of other great things implemented in that project, let me know if you have any questions
That’s the same thing as saying “don’t use instant messaging or email because that’s just a way for them to get rid of privacy.
If you use crypto in a secure way it’s very private and there won’t ever bay a way for them to associate a transaction with an individual .
Secrecy? It’s open source. You can read the code yourself and it’s been open source since the beginning. That’s akin to saying “I don’t like this mathematical proof because I don’t know who made it”.
It is a communication system but moreover it’s a unchangeable database that can be used as a ledger or for other purposes. And its all done with no centralized authority. That’s the kicker!
Look up Monero and PirateChain.
Crypto can't be seized as you travel unless you do nothing to secure your key and password.
Why not both?
Crypto for any digital purchase
Silver for every physical purchase
The fine thing about a combination of crypto and silver is that you can easily exchange, without having to involve any (((middlemen))). Some places already have ATM's where you can exchange between crypto and precious metals.
An ATM that transacts precious metals and crypto directly seems pretty unique - do you know where they exist?
Dubai, but it's still rare due to low demand.
Genuine question: I understand the idea of silver and precious metals, but what's stopping (Them) as the Powers That Be from just simply saying "Tough titties, your silver is worth this instead?"
Fuck crypto. We need privacy to go along with our sound money.
^^^Exactly.
TL;DR, entire thread -
Precious metals are archaic relics, you need crypto!
Crypto is a Ponzi scheme, you need precious metals!
You need both precious metals & crypto!
Every... Damn... Time...
Crypto has value if it takes resources to mine and it has some degree of finiteness to it depending on which one it is and how many people adopt. Computers and electricity aren't free.
That's great but not my point.
Every PM or crypto thread anywhere devolves into the exact same 3 positions, nothing new comes out of it.
There are silver/gold backed crypto's if that's what you mean. I don't read about those.
Point #3 -
That covers your point. If you can pay with a silver crypto then they likely accept silver coin as well. Problem is there's a lot of fake silver coins and they have to have a quick way of spotting counterfeit coins.
That is a fair statement.
Re: PM's, don't buy Chinese Pandas or bullion unless scanned in front of you, don't buy PMs from a pawn shop unless you see the item scanned, only buy PMs from reputable dealer online or IRL and IRL with a scanner. One exception to the above is small demon pre-64 US coins. For now at least & gold excepted, fakes have not appeared in junk silver except Morgans & Peace dollars. There isn't enough money in it, yet. So I would still feel OK about US junk found at a yard sale or auction. And throw numismatic value out the window, base your purchase on spot only.
An object's value is not determined by the effort that went into it. That's literally a Marxist view of value. An object's value is determined by the perceived utility to the buyer.
I could have worded that better.
You don’t understand crypto if you don’t understand how it can be private.
I understand that it comes out of thin air and is backed by nothing but hopes and dreams that people think its worth something.
Showing your ignorance.
Good lord. Did Peter Schiff hire a bunch of shills to come to this board or something? LOL!
Read “The Bitcoin Standard” and learn about money. SMH
If you want privacy blockchain crypto is the way.
Crypto was already supposed to be private yet here we are with wallet tracking Twitter accounts
Bitcoin's ledger is public. You're not exposed unless your name is tied to a transaction. If I buy coins with a Credit Card on an exchange there's a record. If I buy and sell using cash on a street corner there's no record unless you're dealing with a rat that turns you in.
Do not buy a wallet from best buy or amazon or ant 3rd party get it from Ledger it need to be CLEAN with as little hands touching it as possible. No incedences these guys said, from 6 7 8 fig Crypto investors I know. but do your homework. https://shop.ledger.com/products/ledger-nano-s
cold storage wallet
It really depends on how people will be educated about crypto. Crypto can be controlled by government, and can be controlled by people.
Please look up cold storage wallet.
"Anyone with access to your machine"
Basically retards that can't use linux, encrypt, or verify signatures.
Privacy coins like Monero can't be tracked. You literally have to be transacting with a government rat to have that transaction exposed.
How do you know you're not?
Oh snap!
Do you know what open sources is? Would you rather travel with physical currency that can be seized or would you rather have money in multiple private wallets with keys and passwords they can't identify or located if you take precautions?
Use cash as much as possible , a bit of silver is a good backup !
Are you ready to move back to a pre 1800 society right now? If not you need an alternative digital currency beside whatever you choose as physical currency.
What about electricity? You gonna drive into city every month, find a parking space, walk to the (((bank))), then get fucked over, pay 50% in fees only to pay your electric bill? Why not stay at home, make a digital payment with crypto, without middlemen involved?
Cuz government don't need to know where my money comes from or where it goes.
At this point in history,crypto make absolutely 0 sense.what are you gonna do when the lights or internet go out fir an extended amount of time???? Gonna hope a cashier believes you have the money 8n the 6 month old screenshot you're showing them?🤣🤣🤣🤣
I'll stick with my silver and gold.
The largest silver hoards are JPMorgan's silver depository for COMEX (50% of world's supply of silver bullion) and ETF iShares SLV stockpile (BlackRock). Central banks hoard 1/5 of the mined silver each year. I agree that fiat should not be used, but if the silver market is cornered and controlled to the degree that it is currently, how is that going to be a fair solution?
Decentralized cryptocurrency is a solution to this since there can be a finite supply, unlike precious metals whose mining market can be cornered. It eliminates the need for a bank. Transactions can be made instantly to anyone who has an internet connection. The blockchain can not be hacked and so your money is totally safe, apart from user error, if you take it off an exchange and keep it in cold storage.
At this point in history, the lights and internet don't go out for an extended amount of time often and crypto is always going to survive as long as the internet exists somewhere on planet earth. Now, if you're truly afraid of a global SHTF scenario, what the hell is any currency, gold, silver, cash, or crypto going to do for you?
I highly recommend this video. Lots of great info on the basics of decentralized cryptocurrency: https://www.bitchute.com/video/jUQ8XJzsmLf7/
Sorry but i want cold hard cash in my hand.not some make believe numbers in fairy tale land.
I want complete privacy.
But cold hard cash relies on make believe numbers in fairy tale land. That's what the FED does with inflation. They take value out of your cash every time they print more.
Unless you avoid online banking and use cash for everything, electronic fiat funds are tracked by banks and credit card companies. Monero (a cryptocurrency) allows complete anonymity while making purchases online.
Well you just explained the perfect reason to buy gold and silver.
Good job.have fun with your unicorn money
Where do you currently pay with silver and gold? I haven't found a single pace that takes it yet. See the problem here, as long as there's no support for silver and gold in the infrastructure, no place will accept it, not even after a power outage. It all goes black and you'll find yourself having to live on what you have while fending of a herd of unprepared zombies.
I'm well aware that crypto will be unuseable in a SHTF situation, are you aware that your gold and silver will too? In fact we already had outages during last years cyber attacks here in cashless hell. Cash and gold didn't help. The stores closed down completely for days.
"Days"? That's not nearly long enough for society to return to the real money of gold and silver. You already have 90% of store clerks not being able to accept a genuine $2 bill.
Gold and silver are a store of value. They don't disappear when the electricity goes out.
Neither does crypto, it stays safe on the drives, just like every other file. Only with thousands of copies spread across the world.
Still, if nobody accepts it as medium of exchange, it's essentially worthless. And at some point the society will rise again after collapse, but nobody knows how long that's gonna take... why would you need a "store of value" that's temporary worthless in such event?
Why not prepare production wise, by say having many chickens. Then once the society recovers, you can sell eggs and get anything you might need in a post apocalyptic society in exchange. Bartering will be how we trade after a collapse.
And soon as we get computation, power and connectivity up again you'll have access to your crypto once again too.
Are you really that obtuse?
Sure, your crypto will be “safe on your drive”… what happens when the whole infrastructure of the country fails?
You cannot use your crypto if there’s no power or no internet. Is that store clerk just going to trust that you have crypto on that flash drive.
Yet we have definitive proof RIGHT NOW of precious metals being used as money in a failed economy: Venezuela.
Where’s the news stories about people using their crypto now that the Bolivar has collapsed?
You’re the poster child for “can’t fix stupid”. 🙄
You're still not thinking long term.
You don't put everything you have into metals. You take care of everything else, such as the stockpile, etc., and then if you have more wealth, put that into metals.
After a collapse, it won't be barter forever.
If there is a collapse, the crypto disappears permanently, just like everything else on the systems.
You're right about everything except this. Do you even have the slightest understanding about technology, peer-to-peer, TCP/IP, ram vs disk etc or am I wasting my time explaining exactly how it would take an event bad enough to kill every human on earth before "crypto is gone forever".
Aint no place accepting crypto either.whats your point?
Wrong, I pay everything with crypto, you're just in the wrong place. Now to be fully fair with you, name one place, anywhere in the world where you can live and pay 100% of your purchases with silver, gold or any other precious metal.
Any place that has a coin or bullion dealer.
If you buy onl8ne,ya you can use crypto. Aint a brick and mortar store within 100 miles of me that takes make believe money. They all got atms to sell it to you fools though.
How much did crypto drop in the last couple weeks?🤣🤣🤣🤣
Such as? and which store accepts it?
I'm still up 10 000%, with some loss for the purchase of a farm and some additional tools to live off grid. Sorry to disappoint you, seeing that you enjoy another mans loss. 🤣🤣🤣
How's your gold going? mine's only up about 25% in a couple of years.
^^^Exactly.
Why is this such a hard to understand concept?
"Why do I need cash when I can use my phone?"
"Why do I need a car when there's Uber?"
"Why is my venmo/cashapp getting taxed over $600?"
https://i0.kym-cdn.com/photos/images/original/001/330/809/d90.png
Because all the things you just said is built on centralization, i.e taking the control away from you. And that's the real issue, not the fact that something is digital or physical.
Cash is just as bad, it takes control away from you in contrast to precious metals.
Dependency is the real threat.
And get robbed by road pirates who knows you have silver coins on you.
Oh no. The horror. Actually buying local, when you have a physical medium of exchange.
"Actually get shit done"... you know it'll take you a day or two to walk to the next village... without power you can't pump gas into your car. What's wrong with you people, you think only certain electronic things will be affected by a power outage? no everything goes down. Straight back to the 1800 century.
Lol, you're not even trying.
You either have power or you don't, now which one is it?
With power and a functional market there is no problem to use digital payments.
Got it? Good, now tell me more about the world without power, how exactly do you expect to pay for shit you need with silver if the power goes out tomorrow. You won't even have a market, are you gonna bribe the guy trying to rob you for food?
I didn't make that up, you made a scenario up that would require a complete worldwide power outage. My scenario is based on yours until you explain what you really meant. But perhaps it's too hard for you to understand when you can't even understand how the technology you hate works.
Ok, I get it, you're just butt hurt because there exist a digital medium of exchange, which brings the control back to you instead of giving it to the (((banks))). You just can't accept that there are alternatives, parallel economies, which can coexist much easier than (((banks))) and precious metals.
The world has changed since we got electricity, people can no longer handle physical payments, kids these days don't know how to count, they don't know weight units. Every system is digital and centralized, inventory systems, production, logistics and everything depends on some central authority, always. you can't fix that and bring back physical payments, unless you first solve the centralization and dependency issues. It's just not possible.
(((They))) have spent over 200 years to centralize and make everyone dependent on them through centralization and digitization. You don't change that overnight, it's gonna take time and preparation.
You must be a (((banker))), there really is no contradiction here. I care about one thing only, control over my own money. Something both precious metals and crypto will provide.
I don't expect any of these to be functional or hold value in case of a power outage. I hold them as a store of value, and to buy shit I need right now, while we still have a functional market.
How are you gonna survive, if all you have is a pile of silver coins, no guns, no food, no farmland?
God damn, are you fucking stupid.
Look, I get the whole thing about you don’t want to believe you made the wrong choice by going with crypto, and I totally understand that you’re really locked into your position because crypto crashed.
But the difference between the smart man and the wise man is that the wise man cuts his losses once it’s apparent he’s fucked up.
Look fat, I'm in cashless hell, the only reason I'm still alive is thanks to crypto. Now I own a farm, supplies and everything I need to live off grid, how the hell does that constitute as "the wrong choice " in your world?
And those generators can't spare a few watts for a device capable of receiving crypto? Funny how the narrative always changes to fit the anti-crypto agenda. What is your point? Assuming there's still power, what would stop you from doing a local peer-to-peer payment? there's plenty of transfer options.
Bank transfer and card won't work tho because you need internet connectivity for that all the way to the banks central servers.
https://www.reddit.com/r/Wallstreetsilver/ stack silver
This is the way
https://old.reddit.com/r/SuperStonk
also stack DRS GME shares.
Do they deliver physical silver, no questions asked, 100% anonymous without taking insane fees or trying to rip me off?
They delivered all mine straight to my boat, I had an accident and it's all at the bottom of the lake.
Good, now we just need to get more people to buy physical silver, otherwise they'll just inflate the price and once the crash comes we'll pay the loss.
I don't know who the "they" in your question is but wallstreetsilver is a subreddit which is focused on silver, in other words, it's a forum just like this website is a forum centered on Q. If you're in the US a local coin shop (LCS) should take cash. I'm in Australia so I can't say for sure though.
Wss doesn't sell.
Yup. Real money backed by gold and silver as was in the Constitution.
If they took away minimum wage, you'd see more jobs pop up than you've ever seen. Service and customer service would be the best you've ever seen.
My only problem with Crypto is that it's all computer programed. Therefore, if you internet or power go out, you are pretty much screwed if you are a regular person. One reason why I still like cash, gold, and silver. Cash is far lighter to carry than gold and silver. The other issue with crypto is that its just too volatile right now. If you sold a lambo 6 months ago with Cypto. You'd be down atleast 40% on the crypto you traded for. It needs to be far less volatile before it can be a reasonable currency. Just my thoughts on it. I realize we need to get away from the Fed. But we need something similar to current cash, just backed by something real like gold. If we went back to the gold standard. Gold and silver would boom where it should be. Atleast it would slow this crazy debt we are printing right now.
Wouldn't taking away minimum wage allow for those businesses to pay peanuts for these jobs?
There would be more competition and opportunities for skilled labor to develop.
The minimum wage laws have led to overall worse employment and earning outcomes.
Thomas Sowell makes a very strong case in his book Basic Economics, with many supporting studies.
More competition how though? Wouldn't people be competing more for jobs that are paying more?
Here a link to some relevant passages:
https://www.creators.com/read/thomas-sowell/09/13/minimum-wage-madness
The majority of Americans do not work for minimum wage. There is already competition for skilled jobs, which is good.
Minimum wage laws create an artificial barrier of entry to the workforce that disproportionately affects young people. This is why you see jobs for entry level marketing asking for a masters degree.
People learn valuable skills and either get promoted, or move to a new company. When minimum wage is in place, companies have less entry level positions and new workers never receive the chance to learn and grow. They remain unemployed.
Ironically, many of these entry level jobs still exist—but people pay for the privilege of working there. They are college internships and most students are charged 4-8 credit hours for real world experience. It is promoted as highly valuable, but only when it’s tied to a university.
Why do they have less entry level positions? Why can't they just pay the entry level positions more?
Is this a serious question?
Money is a resource. If you are forced to spend more, it must come from somewhere. Either by creating a worse product, buying inferior raw materials, or cutting the labor force.
As many companies want to keep their customers happy, they try not to decrease product quality or increase costs.
What would happen if they raised the minimum wage to $2,000 per hour? Companies obviously couldn’t survive, many people would be fired, and prices would skyrocket to keep up.
The same thing happens on a smaller scale with a $2.00 increase.
Well, yes exactly. If they cannot afford to pay employees, they will have to make sacrifices, downsize, etc. That's sort of the push/pull of the free market. The answer isn't to cut paychecks of your workers
I agree that you can't raise the wage to 2,000 per hour. Nobody could afford that. But you can't say that it's the same as a $2 increase.
But wouldn't removing minimum wage open the door for companies to underpay their workers?
That would give people incentive to work up to better jobs. Minimum wage jobs aren't meant to be lifetime careers. I started at minimum wage, moved up to a higher position, moved on to a better paying job, and then to a high pay office job that I retired from.
I guess that would make YOU a quitter. Your generation has much to learn about how life works. Starting with manners!
When you worked minimum wage, what was that like for you? Where did you live, what was the job, etc?
I worked in a store. I rented a small house in the country. I owned a car. I bought the latest 45s every week, as well as books and magazines.
People are spoiled now and want too much. You can live on just a little, if you adjust your desires. If you don't have much money, get a mobile home. A used one is as cheap as a used car. I bought one back in the 80s for just $3,000 and lived in it for three years. I drove a used car, only bought retreads for it, and I ate cheap food. I also learned to use coupons. There are many options for those who choose them.
Do you think that a person making a minimum wage job today will be able to rent a small house, own a car, and have disposable income that will allow them to purchase new things each week?
Do you realize that 3K back in the 80s is 10K now, and most people don't have that kind of money just lying around?
I bought the trailer on a three year loan silly. I certainly didn't pay cash.
I just checked current prices in my area, and you can get one with a five year loan for about $300 a month. It is doable right now.
During most of my working life, I kept my monthly expenses down enough to be covered by a minimum wage salary in case I lost my job and had to go back to minimum wage.
What area do you live in, vaguely? Because based on your prices I'm assuming you're in a rural area. Would you expect the same for those living in a more populous area? Because prices there are not the same.
Also, you should understand that the cost of day to day supplies has increased disproportionately to the minimum wage
There should be crypto backed by gold/silver. Would consistently keep its value over time due to the backing, but have the advantages of crypto such as smart contracts and near-instant transfers. Don't have to worry about ghost tokens/paper shares or whatever you want to call them, because of blockchain technology (so long as you have good auditing).
Seems like the best of both worlds to me.
Kinesis
Crypto might be ok but it can't be a main currency. We need real cash, coinage.
Crypto depends on technology and technology is always unreliable. We cannot have a resilient society if the most basic of needs is dependent on technology. You go to pay for something and you need a phone with you? That's not run out of batteries or hacked or anything? What if the wifi doesn't work? I'd rather have real cash. Technology is and always will be unreliable. A silver coin would never fail
This is a catch 32 situation, you need precious metals, such as gold and silver coins as primary money, that absolutely correct. But you can't get there from today's centralized digital systems, (((they))) will never let go of the grip.
What you can do however is a two step solution, first implement crypto into already existing digital systems, this is simple to do. By doing so you remove the middleman, hence taking back control over your wealth.
Now from there it's easier to add support for precious metals, other cryptocurrencies or whatever you want to use as medium of exchange.
They are making ATM cards that link to your crypto wallet. Not different from how most people conduct business nowadays as very few carry cash on hand.
Got a link?
https://outlet.finance/ they say in a few weeks it will be crypto capable.
Not crypto. Silver. Buy silver for two reasons. 1) it is highly manipulated to be far far less than its real value. 2) this is the biggest short squeeze on the planet and it is going to collapse the financial system if we can just empty out the vaults and force price discovery. So if you are fighting the system... you buy silver.
What happens when we mine asteroids and other planets for precious metals? Kek
This may happen at some point in the future, but would likely take a while to matter. Right now the costs would be way too high in comparison to the value of the mined goods.
I put a 'kek'.. so it was a joke :)
When that happens there will be an inflationary period, then prices will adjust. This is how supply/demand works. It is how it has always worked. The same thing happens in reverse as technology absorbs the silver. When it becomes cheaper because there is more of it, electronic tech booms because silver is cheap, some is taken out of the barter space, and deflation happens.
There is nothing wrong with inflation and deflation. The problems come from:
If we were to:
then an influx of one resource and its change in supply/demand would be irrelevant to the strength of the market; all of it backed by real assets. No faith based currencies are necessary nor desirable.
Silver is much more abundant here than in asteroids so it would not make sense
.
We need to return money to it's original purpose: A means of exchange. Find a way to do that.
Too much “normie”-type thinking regarding crypto. You guys need to do your homework on it. You’ve become an echo chamber of crypto-conspiracies that have no grounding in truth. Blockchains are not the problem. They are a solution!
Crypto money is a step in wrong direction.
Crypto records and voting(tagged on paper ballots) could be excellent.
Crypto is literally virtual toilet paper money.
Stop arguing semantics to make yourself seem smart. You know what the fuck I meant.
Your statement of fact is pedantic and useless, especially considering you've fragmented u/TheFiggler's original comment to look more incorrect
This guy gets it.
I'm not the same guy.
But you cut only a fragment of their comment to change its meaning, correcting something that they didn't even technically write as a complete thought. Basically the equivalent of me taking this:
And saying "lol you dummy that's wrong"
Shut up, nerd.
You lost me at mentioning crypto in a positive light..................
You lose me at crypto. It is just as manipulated and devious as fiat. Fuck any money that is digital.
Unfortunately, you are one of many on this site that prides itself on its "awakened" user base. If you would like to expand your knowledge, this video is highly informative and goes over the benefits of BTC and decentralized currency. https://www.bitchute.com/video/jUQ8XJzsmLf7/
Luckily gold and silver isn’t manipulated lol
You're joking, right?
This theft of the American citizen's wealth will end when the FED is destroyed.
No crypto! they will take your dollar and say its now 90 cents.. or worse, and steal a quarter from you.
When silver currency runs the everyday economy, I have to wonder at the purchasing power of actual pre 65 coinage.. will the price index be lowered to 1964 levels?? I worked at a grocery store and remember when the parents of large families shopped, 2 large carts were filled to the brim with $100 worth of groceries.. A guy can hope, ayy??
When I was growing up, my parents could get a full cart of groceries for $20 or less. And the store person would bring the groceries out to the car.
Packing them correctly is an art, some heavy items at the bottom of each bag and lighter items on top. Also never anything at all on top of bread or eggs.
David Letterman used to be a bag boy and demonstrated on his show one time.
That is exactly what I did, but got promoted to the produce dept. Scrawny me hefted a box of bananas and bags of onions till it became easy..
In terms of constant (1964) dollars, median family income was 6600. a year The average car in 1964 cost less than $4,500 A house in 1964: $18,900 You have to use dollar cost averaging to get a proportional figure.
I remember in the 80s,we pushed 2 sometimes 3 carts around and filled them. Mom was always packing shit into the cabinets and freezer. At one point we had a chest freezer.
Iirc mom and dad spent like 300 maybe 400 a month on groceries.
Any currency other than cash in hand is giving control of your money to whoever is over the digital information!
Crypto = digital electronics = can vanish
No thanx
Actually, as long as a single internet node exists somewhere on planet earth, cryptocurrency will exist. Also, the blockchain can not be hacked or deleted.
NFTs are more important than people think, you can back a particular weight in silver or gold with an NFT and use it as money.
Metal backed cryptos can give us a stable, gold standard.
I remember back in 1994 when minimum wage was $4.25/hr and a Burger King whopper was $0.99 then until a year or so ago I believe minimum wage here in Florida was around $8.25/hr but I think it's up to $10/hr now but I won't say that 100% since I've worked for myself for over 10 years now and haven't had to punch a time clock in a long time.
My point to this comment though is that in 1994 if you worked for 1 hour at minimum wage you could buy 4 whoppers for that 1 hour of wages. Today if you worked 1 hour you would only be able to buy 2 whoppers with that 1 hour of wages.
The value of beef probably hasn't gone up since 1994, if anything as society improves ways to have more meats distributed it would seem as if the value should be even lower than it would have been in 1994. However, we see the price of that beef having gone up 400% or more and wages barely exceeding 200% since then.
I remember when gas was $0.69 per gallon and a day ago I paid $3.45 per gallon for gas. The horrible inflation is highly noticeable everywhere but unfortunately not enough people seem to care and are just like fuck it whatever it is what it is type of nonsense.
The answer is and always will be a currency free society.
If there is a currency, some will be able to stockpile it and use that as leverage to game the system.
If the free people of the world do not have control, then not having a currency is the only protection from it.
I'll stick with silver and gold. Crypto is not for me. Ive researched it and IMHO, it's a fools money. It's like a light switch. Only works when its on. Internet out? Electric off? You're broke.
Good Lord Baby Jesus please tell me you did NOT just refer to crypto as “sound money”?!?!?
Crypto is the ‘Amway’ of the new millennium.
Have a metals backed crypto and also hold physical metals like smart people did back when a paper dollar could be exchanged for a silver dollar 1:1
Kinesis
For a hundred years, there’s been a conspiracy of plutocrats against ordinary people. In 1945, corporations paid 50 percent of federal taxes. Now they pay about 5 percent. In 1900, 90 percent of Americans were self-employed; now it’s about two percent. It’s called consolidation. Strengthen governments and corporations, weaken individuals. With taxes, this can be done imperceptibly over time.
Ever wonder why big car corporations pay two percent tax and the guys on the assembly line pay forty? Corporations are so big, you don't even know who you're working for. That's terror. Terror built into the system. Do you ever ask what it's all for? The surveillance, the police, the mask mandates? The entertainment and videogame industry teaches teenagers to fight when it still seems like a game,
Is that freedom?
I can't figure what is so wrong with a flat tax. Seems fair and simple.
eliminate fractional reserve banking. make money out of silver and gold again. provide simple free digital transactions.
maga!
Yeah...
Nope...
Not in the cards...
The value of "Money" must be quantified, at least it SHOULD be, in the future. We've lost track of that.
Silver is the way 💕
Stack that shit!
crypto is not sound money... mothefucking gold and silver is. Crypto is one fat scam, the oligarchs created it so you idiots invest in digital nothing while they invest in assets like land and property, gold, silver, etc.