Wages of the Future

http://trade-technicals.blogspot.com

Are you worth $15 per hour? Are you making $20 per hour? How much will you accept for your work that you do in the future with the inflated dollar? Will you stop accepting dollars when this gets out of control when the governments are printing money and bailing out others creating such a massive debt and higher inflation.

Would you rather get paid in other items like gold, silver or copper? Instead of saying how many dollars do you make per hour, I expect how many grams of silver you make per hour

Category:

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Tags:

• minimum wage
• silver
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• dollar collapse
• Zimbabwe
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• 2012

[florgat91]

Don't you think the economic recovery will support the dollar ?

[endlessmountain]

there isn't a recovery happening for a few years. Please do not believe the lies on the television.

[ABETRMAN]

Great analogy Derek,

Keep up the good work!

PS: another interesting analogy...

Jesus was betrayed by Judas Iscariot

for thirty pieces of silver.

So how much would that be worth in todays economy?

[endlessmountain]

30 ounces of silver can get you one months rent (at a bachelor pad)

[dgmoocher]

The Bible states that we will be trading a day's work for wheat and barley (Revelation). Love the coin!

[endlessmountain]

I'd want a lot of wheat for one days work. Actually i'd be the one trading the food, and it would be organic.

[emmaus9]

I would seriously prefer to be paid in silver!!

[orangedac]

the current scam is to get people to invest in gold/silver ETFs rather than physical.

ETFs are a bullshit scam designed to con people into accepting paper thinking they have bought physical gold.

ETF audits are closed to the public. Records, let alone the gold, cannot even be viewed by investors as per their rules. Basically they don't have jack for gold.. the vaults are empty and legal terminology in their prospectus absolves them of liabilities if fraud is discovered.

[vention4wh]

I make 32/hr but that's only because I've busted my butt and fought my way up the skill ladder as a mechanic.

Would I work even if the dollar is devalued and was worth very little? I think I would. Devalued wages would still pay my fixed rate condo payment.

If it gets too bad though I'd quit and buy a place next to my current bug out location and start raising chickens (& fixing farm machinery for barter goods). My modest collection of PMs might be enough to buy such a place outright by then.

[Frequencitee]

4) Never underestimate the power of Craigslist

I buy my Ag from APMEX and I dig for Gold on Craigslist and I sell on ebay. Ebay is a great source for determining what the market will bear when selling. Craigslist is a good source for what the market will bear when buying.

[Frequencitee]

The guy I dealt with is a millionaire; which is great as long as the purchasing power of a million or more $'s is in a steady-state. But, I advised him to look at some alternatives by doing some research for himself.

What I learned:

1) Don't hesitate to ask if the other person is willing to deal in the abstract

2) Don't assume that the person sees value the same way you might

3)There is no real difference in how the deal is done based on the other guys' status/class.

[Frequencitee]

I told him to sit on the stash and to check the price of Silver periodically.

There are sub-culture's living in a makeshift sub-economy, and it has been this way for decades, and it was created out of necessity due to a lack of the ability to make what I deem a "living wage". Learning these ways of surviving is really essential and the training is free - provided you are willing to deal with people who have been marginalized since birth, may not smell that great and are living on the cusp.

[sizzlot]

On July 14th, Bloomberg reported Greenlight Capital Inc. hedge-fund switched all of its holdings in a gold ETF into physical gold bullion during the second quarter. One of the big insurance companies recently bought physical bullion. Also, check out stellaconcept's video on anomalies in EFT inventory; it's a scam like you said... watch?v=0uE0otlk4dE

[sizzlot]

Sounds like you got a very good deal. I wonder if the seller will report the ASEs as income? If so, at what rate? $40.00 face value of the ASEs? That's why govt & banksters hate PMs, they have no control over it.