The Rich Get Richer

WHILE YOU GET POORER. And by “rich,” I don’t mean somebody who makes a dollar more in annual income than you do. I mean people such as the Kennedys. The Morgans, the Rockefellers, the Vanderbilts. People who have serious wealth, who — in the current generation — haven’t really earned it (not that there’s anything wrong with that). People who have serious investment in businesses such as tentpole banks, with significant share in the Federal Reserve. (No representations made as to the accuracy or objectivity of the linked article.)

What? (You say, astonished.) The Federal Reserve is a private entity?

Yup. That’s right, although the power elite try to fit it with all sorts of fig leaves. Now, it’s true, banks have nearly always been private. For some reason, kings and bishops have been poor stewards of public monies. Go figure. But that’s not the way we’re supposed to be set up. Which is why Alexander Hamilton’s name is a dirty word around here.

As I’ve long maintained, from the founding to the Nixon administration, inflation was pretty much flat.

Although, if you look at the chart here, you’ll notice that, although inflation really got busy in 1971, and has essentially meant negative growth in wages and salaries (in terms of buying power) in the double-digits for forty years, thus the need for nuclear families to have two income sources and raise their children via social institutions, rather than in the bosom of the family, thus causing the disintegration — note the roots: dis + integration — of both the family and society. (Don’t even try to argue it; it’s irrefutably true, and you know it.) (Wow! What a digression!), if you look at the movement of the line on that chart, you’ll notice that there were periods where prices doubled — in other words, buying power was cut in half — over a short time, which would be terrible enough.

I’ve had this rule I call the Candy Bar Rule. That is that a candy bar that cost me a nickel when I was a kid cost 50 cents today — or whenever I was talking. A ten-times increase in price, or a 90% degradation in buying power. But, in reality, it’s worse — far worse — than that.

Your dollar today is worth about four (4) cents — $0.04 — in 1970 buying power. Yes. The 60s were a better time.

And this has been brought to you largely by Democrats, although they managed to wrap Republicans’ hands around the whiskey glass for the crime scene techs to find and dust for prints.

Tell me again why you support these criminals?

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