Tag Archives: Inflation

That why Minimum Wage is a bad idea according to the economic analyst John Sneisen

Josh Sigurdson sits down with author and economic analyst John Sneisen to talk about the recent “disaster” in Seattle as the minimum wage is hiked to $13/hr following its recent hike to $11/hr.
As Josh had predicted in 2014, the minimum wage hike would lead to vast unemployment, poverty and cause businesses to look elsewhere to set up shop.
Well, the truth always prevails eventually!

According to the study,
“The numbers of hours worked by low-wage workers fell by *3.5 million hours per quarter*. This was reflected both in thousands of job losses and reductions in hours worked by those who retained their jobs.”

“The losses were so dramatic that this increase “reduced income paid to low-wage employees of single-location Seattle businesses by roughly $120 million on an annual basis.” On average, low-wage workers *lost* $125 per month.”

It’s basic economics and market principles to understand the inflation of the price of living as the wage is raised, all while employment crashes in an attempt to save the markets from total destruction. Everything the government does, the free market does better!

People have to understand the difference between the amount of money they get and actual value as value goes down as the wage is forced up.

Who benefits? McDonalds, Burger King, Walmart, the companies these “Fight for 15” activists say can afford to pay them more. Of course they can afford to pay them more, but that’s not the point. The small businesses can’t. That’s why Walmart and McDonalds support the wage hike. It leads to further monopolization and less competition in the market.
This also leads to massive job automation and will lead to vast long-term poverty rates.

Time to grasp reality folks! Just because something “sounds” good doesn’t mean it is.

The minimum wage hike begets poverty and inflation. This isn’t rocket science.

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

The Global Meltdown Has Begun

Infowars
June 29, 2014

The engineered economic and social breakdown is straight ahead

It is now manifestly apparent the ruling elite are moving us into a global economic depression. The signs are everywhere, as Alex notes in this prescient video.

From the militarization of social science to government agencies announcing they plan to brain chip the public, the warning signs of a horrific dystopian future are now on the horizon.

Alex quotes prominent globalists who have predicted an authoritarian future when the Constitution is finally and irrevocably destroyed and generals who have bragged about the emergence of a North American Union, a continent-wide government with a singular and unelected political class and a unified military and police superstructure to enforce the will of a hereditary and corporate elite bent on weeding out humanity.

The unmistakable landmark of the nightmare that is upon us is an anemic and dysfunctional economy. Compounded by austerity and continuing social and political crises, wars, manufactured terror attacks and the deliberate destruction of the final engine of prosperity – the United States – the predatory elite will realize their perverse dream of total domination. That is, if we don’t stop them now.

It is up to Infowars and the alternative media to expose the ruse, from pushing the climate change hoax to confiscate more wealth to allowing the banksters to socializing their losses on the American people. Investigative media in the Mockingbird press is long dead, so it is up to us.

U.S. food prices rising 367% faster than inflation; chemical agriculture headed for catastrophic failure

Natural News
Tuesday, June 17, 2014
by Mike Adams, the Health Ranger

(NaturalNews) Food prices are now skyrocketing across the USA, says the Bureau of Labor Statistics (BLS). Their most recent report (1) reveals that prices of meat, poultry, fish and eggs leaped 7.7 percent over the last year. That’s nearly 367% higher than the official 2.1% inflation rate claimed by the federal government. (2)

Prices on these food items have risen 664% in the last five decades, according to the BLS, but much of the price acceleration has happened in just the last few years… and there’s no end in sight.

While the federal government tries to blame rising food prices on global warming — because seemingly everything is now attributed to climate change, including depression and divorces — the far more sobering truth is that conventional agriculture is reaching a point of systemic, catastrophic failure. Continue reading U.S. food prices rising 367% faster than inflation; chemical agriculture headed for catastrophic failure

Putin Flushes the U.S. Dollar: Now What?

Living Without Money
03/30/2014

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The Center for Research on Globalization reported today that Putin has flushed the dollar. Now what?

The only thing holding the United States together economically has been that, until now, the world had to use the dollar (Petrodollar) in order to make their nation’s individual oil purchases — the only source of backing for the U.S. dollar that the Federal Reserve required. So now, forced by sanctions from the U.S., Russia will use the Ruble to buy its products, including oil. Investors say this will inevitably collapse the U.S. Dollar!

More on Living without money

My Opinion:
Yes the US dollar as lost around about 99% of its value sense 1913. Even Putin declare the Dollar toilet paper because the US dollar is pretty much worthless. The collapse and hyperinflation of the US dollar cannot be far off.

The Real Inflation Fear – US Food Prices Are Up 19% In 2014

ZeroHedge.com
Submitted by Tyler Durden on 03/26/2014 10:20 -0400

We are sure the weather is to blame but what happens when pent-up demand (from a frosty east coast emerging from its hibernation) bumps up against a drought-stricken west coast unable to plant to meet that demand? The spot price (not futures speculation-driven) of US Foodstuffs is the best performing asset in 2014 – up a staggering 19%…

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More on Zero Hedge

Power firms blame each other as household bills soar

NZ Herald
By Adam Bennett
5:30 AM Saturday Mar 8, 2014

households will be socked with power bill increases of as much as 24 per cent next month and power companies and network operators are pointing the finger at each other over who is responsible.

Households around the country have been receiving notification of increases from major retailers including Meridian and Genesis in recent days. In many cases, daily fixed charges are rising by more than 80 per cent offset somewhat by small decreases in per unit costs.

The net effect means individual customers will see their bills increase by varying amounts, depending on their plan but in a letter from Meridian to one Wellington user sighted by the Herald, the annual increase is estimated at 24 per cent.

A Meridian spokeswoman said lines company Wellington Electricity had restructured its charges. “Once you add GST into the equation this amounts to an increase of around $300 per year, which relates solely to the changes to the way network charges have been restructured.”
More…

Expert Warns of Hyperinflation: “The American Way Of Life Will Be Destroyed”

ShtfPlan.com
Mac Slavo
February 17th, 2014

The American Way of Life Will Be Destroyed — Inflation to Exceed 100%…Marin Katusa Interview

If there’s one thing that’s certain about what’s happening in the world right now it’s that uncertainty is pervading every aspect of the global economy. From fabricated employment statistics and consumer spending reports to obscene levels of debt and a failing domestic monetary policy, the writing is on the wall.

According to top Casey Research analyst Marin Katusa, who has met with energy ministers and business leaders in over 100 countries, it’s only a matter of time before the world’s reserve currency goes the way of the German Reichsmark and Zimbabwe Dollar.

What we’re talking about here is nothing short of an outright collapse of our banking system, hyperinflation of the US dollar, and a complete destruction of the world as we have come to know it.

This is a must-watch for those trying to understand what’s happening with the economic landscape, how to position yourself for an unprecedented paradigm shift in how Americans live their lives, what to expect as this crisis unfolds, and how to find opportunities when everyone else is in panic mode.
More…

Noted
Please don’t panic but be prepare for the worse and hope for the best. China and Russia knew that the US Dollar is losing value. And once the US dollar collapses the price of oil, gold and silver will sky rocket like what you not believe. Remember people there is always something you still do about it; like start growing and producing your own food, buy gold and silver. And People it time to wake up even that, it come with price, but compare if still choose remain in denial and asleep the cost is greater than what you can bear. And being awake does come with price but at the end the awaken one is rewarded for their long suffering.