The “inflation reduction act” did jack shit for real world inflation. The reality is that every empire experiencing economic decline always lies to the working class about the true measure of inflation to keep the passive income graby train rolling and prevent the working class from rioting/ fomenting revolution.

The inflation statistics we are feed are figured out by the world bank and IMF and then relayed to their associating national banks and financial institutions like wall street and the fed. They use consumer price index to determine these figures which is flawed for a multitude of reasons but most importantly being that CPI is an inadequate measure of inflation considering it fails to take into account fhe primary cause of inflation; the devaluation of a currency due to the increase in circulating supply and increased national debt. This is something the price of gold does exceedingly well. And this is the reason that 70 years ago in 1955 my grandfather bought a house in an Ivy League college town for $2500 on a minimum wage of 75¢/hr after moving to the UsA 5 years earlier at the age of 18 and today it would take a minimum wage worker 30 years of saving half their paycheck to afford even the most dilapidated piece of junk property on the market. Maybe for 7 years of saving half the salary you could buy an empty lot that meets requirements to be developed into a single family home but then you’ll need yo work for all the tooling and materials.

But anyway; for the first 172 years of the US dollar as a standardized currency the price of gold only fluctuated 95% from $18 to $35 and that was all mostly in one adjustment which was a calculated move by FDR To prevent hyper inflation by doubling the currency supply and prevent further economic losses caused by the Great Depression. But in the 54 years since nixon permanently ended the gold standard and topled the first domino that led tk the current age of American austerity for the working class the price of gold has increased in direct tandem with the national debt. Increasing from $35 an ounce to $3360 last i looked which is an increase of approximately 9600% and in the same time frame the national debt has increased from $400 billion to $37 trillion or 9300% this because gold is the true measure of inflation, it was the first currency ever used outside rudimentary barter and trade economies and the value of all currencies in circulation today are intrinsically tied to the value of gold. You can not game the system by trading currencies for other currencies where gold is cheaper and then making profit, the value of gold across all circulating currencies is equal to the exchange rate of every currency to the value of gold.

Now in 1938 when FDR first implemented a minjmum wage 88 years ago it was set at 25¢/hr or 14.9 ounces of gold a year for full time 40 hr/weekly labor. Today this would be about $24.25/hr or $50,000/year which is more than the highest minimum wage for California corporate fast food workers at $20/hr or 12.3 ounces of gold a year. In 1945 it was raised to 40¢/hr which would be 24 ounces of gold a year or $80,000/ $38.45 today. In 1950 it was 75¢/hr or 45 ounces of gold which today would be $151,000 per year or $72/hr in 1956 it was raised again to $1/hr which would be 60 ounces of gold annually or $202,000 $96/hr and in 1968 it was raised a 7th and final time since minimum wage was implemented before nixon would bring nixon shock wtoooo the American economy and allng with reagan bush and clinton decimate and destroy the middle working class, but it was raised to $1.60/hr with gold still at $35/ ounce that is 95 ounces of gold a year or $317,000 annually/ $153/hr for 2080 hours per year.

The reality here is that the US dollar was intentionally devalued to eradicate the progress made by the labor and civil rights movements in the 40’s 50’s and 60’s as well as FDR’s new deal policies that created a thriving working class and saw the richest 10% of Americans with a combined share of 20% of the wealth compared to the almost 70% they currently have with 1% owning 44.6 trillion dollars in wealth (enough to give every american man woman and child in the bottom 99% a check for over $65,000 while still Leaving approximately $6,000,000 for each of the 3.4 million richest people) But this was the way they lowered the cost of labor for all the jobs that could not be outsourced to the third world for 90-95%+ reduction in cost. Nixon and Reagan as well as bush senior also destroyed education standards. Roger freeman who was advisor to bush said “we are on the verge of having a highly educated proletariat, this is dynamite! We need to be more selective about who we allow to go through higher education” and going into the 1980’s classes like wood and auto shop, home economics, financial literacy, music and art all Disappeared with the implicit goal of turning the American working class into a class of consumers unable to repair their own belongings as well as obedient workers, just smart enough to run the machines that make the wealthy their passive income but not intelligent enough to understand the nature of the system exploiting them. Then Reagan signed CAFTA which would become NAFTA under clintons neo liberal administration and the vast majority of the good blue collar manufacturing jobs in America that many of our parents and grandparents relied on to built their wealth and bought their homes with. And the 7 satellite roles for each of those manufacturing positions were all outsourced to the third world for a few pennies on the dollar. And almost overnight a thriving middle class turned into a low paid service industry of wage and debt slaves living paycheck to paycheck with no emergency savings.

So biden did jack shit for inflation rent for a 2 bedroom in the town i grew up in averages $3000 go 15 miles south or north and you can get something for $22-2400 but minimum wage is $15 and most jobs aren’t paying much more than that. Even double or triple it and it’s still a garbage paycheck to paycheck existence unless you want tk live with 2-4+ strangers from craigslist or ruin relationships with childhood friends to save a few bucks(or rather be able to make ends meet)

The underlying truth here if you dig down deep enough and do the math, it cost more to purchase and maintain enslaved human beings 160+ years ago before reconstruction during the 30 years on average they survived than minimum wage workers anywhere in the USA are currently paid. We were fed a social contract growing up that if you work hard you will be fairly rewarded for it and get to retire at the age of 60 but today that us no longer the case. I stead of being incentivized to perform labor by the fact that the wages offered provided one with a better standard and quality of life today workers are silently coerced into working with a looming threat of homelessness starvation and loss of dignity and that is just not motivating.

Nothing will change until a large percentage of the work force refuse to participate which will be met with state sponsored violence and show the truth that we are not free.

And as far as the ACA, yeah I do benefit from it and my states expanded medicaid coverage but that was already like over 12 god damned years ago and that is the most democrats have done in my entire lifetime. Federal minimum wage hasn’t been adjusted in going on 17 years which is the longest it’s gone unadjusted since the 1938 FLSA was passed with most adjustments happening once every 4 years and a majority of adjustments occurring within a year of the previous adjustment. How how long will we be told to look at one minimal step in the right direction from 3-4 terms ago meanwhile every time the right gets a hold of power they push things as far to the right as possible decorum be damned and then when dems get control again it’s a snail’s pace if any movement at all. It’s 5 steps backwards and MAYBE 1 step forward. And yeah Obama gave us the aca but he also persecuted edward snowden, julian assange, chelsea manning, dropped more drones than any other administration. Obama was a reaganite neo liberal war monger just like every other POTUS we have had since LBJ

The DNC is a not a progressive party, they are a corporate funded astro turfed party controlled by tje same wall street military and prison industry profiteers that fill Republicans pockets. Their lawyer argued that the dnc is under zero obligation to uphold the will of voters and they can decide who they want to nominate in a dingy dimly lit cigar smoke filled back room without any input or direction from voters who spent money on their preferred campaign. And that is definitely 100% not progressive or Democratic in any way shape or form.

After LBJ dropped out of the race in ‘68 and then Bobby kennedy was assassinated after winning the California primary the Democratic party has consistently shifted right every single election cycle. So much so that this last election they touted endorsements from neo con war mongering dynasty families like the bushes and Cheneys.

The DNC are funded by the same exact big money interests as the Rnc. They work to ensure that no candidate who aims to move the party even a millimeter to the left or give anything resembling economic democracy a platform, will be nominated. Neo liberal western democracy intentionally aims to exclude economically democratic policies. And this makes it a defacto class dictatorship. We will never vote our way out of this, we have had 57 years of the ratchet effect and the type of change we need kow is revolutionary. But too many voters still believe propaganda coming from astro turfed corporate sources and think if they just get out and vote things will be better next time. It’s called “ballot box socialism” and it will never happen because those with the real power, the capital, will never allow it to happen unless they are motivated through violence which is the only means by which any leftward progress has ever been made. We can hold hands and sing cumbaya all we want but we will still be barraged with tear gas and rubber bullets.

Everything in our political system is blatantly corrupted by money. The study princeton did a while back showed that the amount of influence one has on any piece of legislation is directly related to how much wealth you have with regular working class people having a statistically irrelevant near zero influence on any policy regardless of how popular or unpopular it may be.

It is extremely naive to believe that a group of sociopaths who believe as though their wealth grants them divine provenance to manipulate society as they see fit with total impunity would for some reason see our election system as too sacred to exert the same influence upon.

In Germany the supreme court decided that electronic voting is unconstitutional because it is impossible to differentiate between legitimate results and fraudulent ones for anyone who isnt a cybersecurity/ IT expert and that is the reality, people with money are willing to do anything to manipulate whatever benefits them and do not give a shit about anything we believe they should.

Relax bish, Ive been here for months Lemm.ee just closed their host server so I had to remake my account on another lemmy instance

I forget the name of this cartoon, what is it? I got a kick out of it when I heard about it a few years ago

You probably think the DNC leaks were russia too 🥴🤡

So support for Palestinians is only ok if you don’t support the one thing Palestinians could actually do to stop the senseless slaughter of more Palestinians- armed revolutionary action?

So basically one can only wave a flag and cheer against the slaughter of Palestinians by Israel while vilifying the group that Israel deems it’s enemy for checks notes dealing back the same damage dealt to Palestinians for over a century now since Zionist terrorist cells who would become the Israeli military intelligence apparatus and political elite, waged campaigns of massacres, bombings and assassinations all across British mandatory Palestine forcing the British to leave their occupation and the un to split the territory 55/45 in zionists favor. So essentially we are denied to cheer on reciprocal retribution by a population clearly wronged through decades of subjugation, brutal Oppression and genocide because of the sensibilities of colonial capitalist imperialism?

Got it

Bernie was clearly ahead until the DNC gave all the other candidates marching orders to drop out and endorse a senile old man in severe cognitive decline to prevent any movement to the left that would threaten the legalized bribery the democratic party grows fat on.we could have had FDR 2.0 instead we got reagan and nixon’s bastard love child a second time because biden was such a sad excuse of an incoherent puppet he made jimmy carter look good and even as though a second carter administration would have been preferable.

This guy gets it, if the opposition party cares more about maintaining their legal bribes than punishing those doing the bribing and accepting the bribes then they bear an equal responsibility to the destination that those in the car are driven to.

Someones in the mood for a vitamin alright…. Vitamin D!!! Lmfao

Its more like 9 people on a bus, 3 vote to drive off a cliff, 2 vote for a break to get ice ream and then continue driving towards the edge of the cliff after, 2 scream why the fuck are we continuing to drive towards the edge of the cliff, the other two believe things will just be the same regardless if they vote or not. Meanwhile the people who want other people to vote for a pitstop on the way to impending doom and death are complaining that the people with the most realistic assessment of the situation are being unreasonable, unrealistic and and/ or unwilling to compromise and if we are going to die anyway we might as well have some icecream (delay the inevitable and hope we can fix things before we get to the edge of the cliff but at this rate it looks like it’ll only get worse because one side turns the mechanism as far as they can get away with and the other ratchets back into a convenient position for the other side to turn the mechanism to their advantage again) this is the more accurate assessment and it’s because education standards were destroyed and the ego’s of people who are too gullible for their own good and don’t understand the scope of the corporate apparatus/ system where the ultra rich all collude and work together because they have like interests and the people who don’t want to understand this, or can’t because they are naive just keep telling us we need to continue to participate in a system that disenfranchises us not because its been temporarily broken and needs fixing through participation but instead because the entire purpose of the system is to disenfranchise us and the only solution is to implement democratic representation that addresses the economic issues being manipulated without our input or consent. Any system of democratic representation that aims to exclude economically democratic governance is nothing but a class dictatorship.

The left need to arm themselves asap

Lmao, ill take the downvotes, better than living in lala land like the brits and not accepting the reality of what you’ve all been trying to pass off as civilized behavior for the last millennia has stained the world while normalizing genocide and exploitation. But god save the king right?

Ah yes, the good old UK where it’s normal to arrest people for saying mean things on the internet and you’ve disarmed the working class, not to mention the UK created the biggest human rights problem in the middle east when your prime minister Balfour released the balfour declaration and now we have a settler colonial ethno nationalist apartheid state flagrantly committing genocide while using DARVO psychological abuse tactics and pretending to be the victim. thanks for all that white anglo saxon British imperialism!!!

The way things are looking with multiple challenges to the 2024 election one in rockland county NY and another in PA (maybe there are others but im unsure atm) and so many statistical anomalies/ impossibilities it really looks as if America did not vote for trump. Star link had been connected to tabulator machines. Ive personally believed the us election system Especially the presidential election has been rigged since Reagan maybe even back to JFK with his family connections to the mafia back when his dad was a bootlegger. So I feel trump was telling a half truth in 2020 who knows if the rigging actually affected the results in comparison to voter turnout in that election but since it wasn’t rigged in trump’s favor he threw a massive hissy ass bitch fit because to trump it definitely doesn’t matter if it was rigged but only that it was not rigged to his benefit. But i think the wealthiest in our society get together and choose who they want to serve as their puppet but this year instead of participating Space Karen just went rogue and spent as much as possible to swing it in his favor. We have to look at this objectively. Our society has always been somewhat fascist but ever since lbj declined the party nomination in ‘68 and then Bobby Kennedy was assassinated after winning the California democratic primary the democratic party has consistently shifted to the right every election since. C Its the reality that the same financial interests are funding both the Dnc and the Rnc and since bush jr the usa has become extremely more Fascist. All of the 14 traits of fascism are obviously ingrained parts of our society but fraudulent elections is the only one that has plausible deniability.

But it is a fact that every aspect of our political system is up for sale and this was set into motion when Nixon nominated Lewis F Powell to the supreme court which paved the way for citizens united. Now we have legalized bribery, a foreign interest is dictating terms and may even be using Kompromat farming/honeypotting to maintain this control. So imo it is naive to think that this small group of ultra wealthy people who consider the rest of us to be vermin/ useless eaters feel as though they have been imbued with a divine provenance to manipulate our sociopolitical and economic systems to serve themselves at our expense, would for some reason consider the election processes of our government to be too sacred for them to touch. It’s Obvious that these people have no reservations about doing whatever it takes, whenever they can to get their way whatever it may be,

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Young cardamom is the OG, they call him Mayor Cardamom now though!

You need some perspective. Citizens didn’t ubiquitously abandon their rights. But rather we have been the victims of a cold calculated class war waged upon us since nixon. It all began to fall apart 54 years ago and the ruling class solidified this reality with many actions firstly being the pardoning of Nixon. His nomination of Lewis F powell to the supreme court who was a vocal Fascist and set the stage for citizens united which legalized corruption and turned the corporatist nature of our institutions into an obvious reality. Nixon also ended the gold standard which was the first domino toppled that would inevitably devalue the us dollar intentionally to reduce the cost of labor that could not be outsourced and turn the working class into a low paid service industry of wage slaves. Reagan re legalizing stock buybacks and signing cafta which would become nafta sending every good manufacturing job and the 7 satelite roles for each of those jobs to the third world for 90-95%+ reduction in cost.

Meanwhile our education system was attacked (roger freeman who was advisor to both Nixon and reagan said the quiet part out loud when he said “We are on the verge of having a highly educated proletariat, this is dynamite! We need to be more selective about who we allow to go through higher education” they removed classes like automotive shop, wood shop, financial literacy, home economics art and music to make us dependent upon consumerism and unable to repair the goods we purchase to maintain our quality of life. This turned our education system into a conformity academy creating obedient workers and punishing those who broke the mold in order to produce generations of citizens just smart enough to run the machines but not smart enough to understand how ruthlessly we are being exploited and fucked Then our parents were inundated with the advent of entertainment television and were too distracted to understand the magic glowing box their leisure and recreation time revolved around was a propaganda dissemination device conditioning them to mindlessly support ideas and policies against their own self interests. And for a while journalism did it’s job there was something called the fairness in media doctrine where news programs had to devote an equal amount of time to both sides of an issue and there were attempts to legislate this into law but theu were vetoed by the Reagan administration and again by the bush senior administration and soon after fox news was born with the primary purpose of insuring no conservative presidential administration was ever held accountable for malfeasance the way nixon was ever again.even though he got off extremely light unfortunately and now we are where we are partly because of the failure of our social Institutions to seek justice for such blatant corruption. nevermind the unconstitutional and illegal war on drugs he unleashed which has been a tool to persecute leftists from the very beginning

And our elections are a total joke. Even if they weren’t compromised true leftist economic populism has been eradicated from social discourse ever since LBJ declined the party nomination and then RFK was subsequently assassinated. And this was just one of over a dozen assassinations of popular leftist and left aligned leaders in a 2 decade time span.

Princeton did a study that showed the amount of influence one has on potential policy and legislation is directly proportional to your wealth with regular working class people having an irrelevant statistically near zero effect on any potential policy/ Legislation regardless how popular or unpopular it is. The media owned by the same billionaires who bribe both right wing parties in the usa just manufacture our consent and the majority just believe whatever they see that is convincing enough.

So the reality here is our entire sociopolitical system is corrupted by money. There is a class of ultra rich powerful people/ groups who legitimately believe they have divine provenance over society because of their socioeconomic status and can dk whatever they want with impunity. So the idea that they would for some reason see the us election system as being too sacred for them to manipulate in the same way they manipulate every other aspect of society, is just extremely naive.

In Germany the supreme court heard a case on election integrity sometime in the last 10-15 years (i can’t remember when exactly and Im too lazy right now to search and risk my rant be lost because of my shitty phone resetting the app) but their supreme court ultimately decided that electronic voting is unconstitutional because it is impossible to differentiate between fraudulent results and legitimate ones for any layperson who isn’t a cybersecurity or IT expert.

There are many Americans who have allowed this and been convinced it’s a good thing but even they have been victimized to support something that is so blatantly antithetical to their own self interests. There are a very small amount of us who see what is happening and although we don’t have a looking glass to see exactly how it happened we are smart enough to understand how we ended up where we are.

Probably some stuff I’m missing here. U could go on at addendum about how the world bank and imf are lying about the true measure of inflation to keep the working class from rioting and fomenting revolution and the passive income continuing to roll into the bank accounts of the super rich. So now the majority of Americans are so impoverished living paycheck to paycheck with no emergency savings and this renders us unable to organize and foment the revolution we need that is obliviously the only way since it is clear the system will not allow any remediation through it’s own mechanisms.

But yeah the only Americans you should be hard on are maga dipshits and neo liberals who honesty believe we can vote our way out of this obvious broken shitshow.

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There is a point after all your basic needs are met for Iife and you have enough money to do something fun/ intellectually enriching and interesting every day of your life and pay for any healthcare you may need if an emergency arises or as a result of your own mortality where the accumulation of more wealth to satiate your ego is detrimental to one’s own sense of humanity. I think $5-10 million is a reasonable sum for someone to live a fulfilling life. With the rate of continual currency devaluation through the increase of our national debt and introduction of more printed currency into the supply (the main driving forces of inflation which current inflation models used by the IMF and world Bank intentionally exclude from their inflationary models) $20-25 million may be more reasonable in the next several decades.