Will the standard of living in America continue to dwindle?

[TimeEntrance]

While I appreciate the analogy, the difference we are in is that we can not continue to live as a member of the family and also opt out of the absurdity.

We also do not have one member of the family printing money and loaning it to the rest of the family with a rate of interest attached.

I would divorce myself and the rest of my family from the family member who forces us to borrow money from him that he himself prints and loands to us with an interest rate attached. I would then begin trading goods and services with members of other families, avoiding the use of the fiat currency that a member of my family and members of other families print and insist we use, with an interest rate attached, whenever possible. I would be risking having the individual member of my family and members of other families who print the money sending men with guns after me and taking away things that I own as well as risking having them put me in prison but this is what I would do.

God Bless,
Bill

I really don’t see what is so inherently wrong with fiat money or placing a reasonable interest rate on loans.

I’m not one that views banks and bankers are the root of evil. I’m not against the Fed being a privately owned Central Bank either. In theory - and I say “theory” - one plus about a Central Bank being privately owned is that it makes it more difficult for the Federal Government to just up and finance wars it might like to join or initiate. Supposedly, in theory, it helps with some checks and balances. Now, whether or not that is 100% true in real life I can’t say.

 

[migueltojose]

I really don’t see what is so inherently wrong with fiat money or placing a reasonable interest rate on loans.

I’m not one that views banks and bankers are the root of evil. I’m not against the Fed being a privately owned Central Bank either. In theory - and I say “theory” - one plus about a Central Bank being privately owned is that it makes it more difficult for the Federal Government to just up and finance wars it might like to join or initiate. Supposedly, in theory, it helps with some checks and balances. Now, whether or not that is 100% true in real life I can’t say.

I get fuzzy on big money and international banking but I can relate to ratios.

What does 8hrs or 40 hrs of work get in terms of housing, transport, taxes, groceries, education, recreation. I’d like to see that in a chart or graphically. My gut feeling is that we would be surprised that while we fell like we have fallen (perhaps because we sense we have fallen relative to the world… ie. globalization) our expectations have risen as fast or faster than our quality of life. Our expectations are very high. For example, the dumb@$$ college girl who wanted her $9/mo birth control pills paid for was paying $100/mo for her i-phone… hellooo… Anyway the point is, we have high expectations and we meet them, for the most part… The issue is Faith (or confidence in the secular world). Confidence is what drives the stock market and job market. What impacts a lack of confidence? A lack of Faith? Distrust. Fear. Greed. Selfishness. That is what creates the income gaps. Reduce the fear, increase the confidence, the gaps shrink. Voila. Easy…