Musk promotes Ron's call to end the Fed

[Occam's Banana]

Is this some kind of Sam Harris, "If everything were different with the pandemic, I would have been right" type of thing??

"... [if] bodies of kids [were] being stacked up in parks ..."

https://twitter.com/ComicDaveSmith/status/1689415395751378944

 

[TheCount]

Hey dipshit... You can change the situation anyway you want to make it better for your argument, but that didn't and wouldn't have happened. Is this some kind of Sam Harris, "If everything were different with the pandemic, I would have been right" type of thing??

How would the situation need to change in any way?

People whose entire livelihood depends on federal reserve debt claim to be interested in abolishing the federal reserve.

And you're like "oh boy they're turning over a new leaf!"

No, you're being conned.

 

[FineSpeech]

To what end? This makes no sense at all. They have nothing to gain by impressing libertarians.

Votes and goodwill. They didn't cater so hard to libertarians late in the last election cycle if they had nothing to gain.

 

[FineSpeech]

Being critical of the people namedropping Ron Paul or libertarian stuff is not "self-sabotage" or "libertarian self-defeat", because what do they really lose from critique? It isn't stopping the "end the fed" message from being spread and I'm sure maybe Ron Paul gets new fans from this. He and others are critiqued because people like Musk are quite literally for UBI, a carbon tax, transhumanism, etc. He is not someone to be blindly trusted. A month ago those people were making a big deal about how they're going to fight Trump to not put warmongers and neocons in the cabinet, and what does he do? He puts warmongers and neocons in his cabinet and Elon Musk/JD Vance endorse it 100%.

Noticing this and critiquing this is not having a crabs in a bucket mentality. None of us are going up and saying "NO! DON'T END THE FED! DON'T IMPLEMENT LIBERTARIAN POLICIES!". We are warning you of the very strong inevitability that you are being strung along (again). This is yet another repeat of the failure of Fusionism.

 

[Anti Globalist]

Won't happen but at least its nice to see Ron getting some deserved spotlight.

 

[Swordsmyth]

Don't trust that pathetic leech Musk.

Of course not, but we can use him.

 

[Swordsmyth]

To what end, indeed. That is a very important question that should be asked and answered before reaching conclusions about Musk's intentions.

What does he propose in place of the Fed? And who benefits from whatever this is?

And for Elon's next trick he will make Ron Paul Forums defend the Fed against Ron Paul.

 

[TheCount]

And for Elon's next trick he will make Ron Paul Forums defend the Fed against Ron Paul.

When he proposes to replace it with an even worse alternative, you mean.

 

[Swordsmyth]

When he proposes to replace it with an even worse alternative, you mean.

Ron proposed an even worse alternative?
Because Musk only supported what Ron said.

Don't expect anyone else to listen to the voices in your head.

 

[TheTexan]

Yes, clearly Elon is up to something nefarious when he was agreeing with Ron Paul.

It's obviously another one of his dirty tricks

 

[TheCount]

Ron proposed an even worse alternative?
Because Musk only supported what Ron said.

Don't expect anyone else to listen to the voices in your head.

When

 

[unknown]

https://x.com/i/grok/share/2LQaSjc9loB3Lzngigi3MwvAG

 

[ClaytonB]

//

No, $100 today is not equivalent to $3 in 1913, this is damage-control. One ounce of gold in 1913 was $20.67. Today, one ounce of gold is $3,317. That is a 160-fold reduction in the value of the dollar. That means the dollar today is worth 0.6% what it was worth in 1913. That means the dollar has lost 99.4% of its value since 1913. $100 today purchases what about 60 cents would purchase in 1913. They're lying by a factor of 5 to cover up the total devastation of the US dollar which they have wrought...

 

[nikcers]

No, $100 today is not equivalent to $3 in 1913, this is damage-control. One ounce of gold in 1913 was $20.67. Today, one ounce of gold is $3,317. That is a 160-fold reduction in the value of the dollar. That means the dollar today is worth 0.6% what it was worth in 1913. That means the dollar has lost 99.4% of its value since 1913. $100 today purchases what about 60 cents would purchase in 1913. They're lying by a factor of 5 to cover up the total devastation of the US dollar which they have wrought...

Not really 160 fold when you account for wage inflation.

$2.34 for a nine-hour workday in 1913. So to make 20 dollars it would take you 77 hours of work. So 43 dollars per hour.

It went to 5 dollars a day in 1914 so it wasn't quite as bad. At 5 dollars a day that's still 36 hours of work. Or 92 dollars per hour.

The US Median Income $42,220.

Which is an hourly salary of $20.30.

77 hours $1,563 dollars
36 hours $730 dollars

 

[Swordsmyth]

Not really 160 fold when you account for wage inflation.

$2.34 for a nine-hour workday in 1913. So to make 20 dollars it would take you 77 hours of work. So 43 dollars per hour.

It went to 5 dollars a day in 1914 so it wasn't quite as bad. At 5 dollars a day that's still 36 hours of work. Or 92 dollars per hour.

The US Median Income $42,220.

Which is an hourly salary of $20.30.

77 hours $1,563 dollars
36 hours $730 dollars

There's also increased productivity that reduces how much purchasing power has been lost.

But that hardly matters, we should have benefitted from that increased productivity.

The theft is WAY too much and has to end, that's all that matters.

 

[acptulsa]

 

[nikcers]

The average annual income in 1913 was only $800/yr

So if the Median Income person makes that in 1 week they are making 52 tines more money.

So even if you compare the price of eggs or potatos the price isn't 160 fold.

If a loaf of bread was a nickel in 1913 and you make 52 times more money as a medium wage that makes a loaf of bread $2.60.

 

[Invisible Man]

https://x.com/i/grok/share/2LQaSjc9loB3Lzngigi3MwvAG

This is probably a big part of the reason Musk is on his way out.

 

[nikcers]

This is probably a big part of the reason Musk is on his way out.

In 1913 a worker only made $2.34 for a 9 hour work day.

If 100 dollars is equivalent to 3.00 dollars purchasing power then that just means you would have to make 100 dollars in a days work to make an equivalent amount.

Or about $12.50 per hour after taxes since there was no income tax back then.

 

[Invisible Man]

In 1913 a worker only made $2.34 for a 9 hour work day.

If 100 dollars is equivalent to 3.00 dollars purchasing power then that just means you would have to make 100 dollars in a days work to make an equivalent amount.

Or about $12.50 per hour after taxes since there was no income tax back then.

You are just reiterating what has already been said. The dollar has gone down significantly in value.

The amount of labor at an average wage that you can buy for a dollar today is 1/80th of what it was in 1913.