Over the Thanksgiving holiday I read Murray N.
Rothbard's "Case against the Fed." Being the accountant that I am, I decided to begin figuring.....


Henry Ford once offered $5.00 a day. Lets assume that
the workers worked 12 hours a day. That would be
$0.42 per hour rounded to the nearest penny.

The dollar was set at 1/20th of a oz. of gold (.05).

For each hour, the factory worker earned 0.021 of an oz. of gold.

Today, it is clear to everyone that today's dollar
bill is only fiat money not redeemable in gold. This is where Murray Rothbard comes in. Using Rothbard's numbers in the final chapter in "The Case Against the Fed", once the Fed is liquidated and all real assets and all real liabilities are reconciled to each other, the price of gold would be $1,555.00 per oz. (using 1994 numbers).

Multiplying 0.021 and $1,555, I now get the "nominal wage" of that factory worker if he kept up withinflation. The figure is: $32.66 an hour.

My argument and reasoning seems sound. I am now open
to your comments, fire away.

Randolph

Any idea what a Ford asssembly line worker is paid per hour today?

$5 per day in 1913 (the year $5 a day was introduced) is equivilent to $90.40 in 2003 dollars.

Colonel.Kurtz ,

You are correct with your figures, but your example is comparing two very different thing. The argument that I was making is that the US worker today is earning less per hour in gold since we had our money stolen by FDR.

Yes, stolen. Look at your "money" sometime. Right along the top it says "Federal Reserve Note." It is not real money, it is a money subsitute. Years ago, banks issued notes as a warehouse receipt as evidence of real money in the vault. Real money can be in the form of silver or gold. In 1933, FDR made it illegal for individuals to own gold, the biggest bank robbery in the history of mankind! But most people were trained to not use gold for at least 20 years prior to this to fool them into thinking that gold was a "relic" of the past. Today, people are even dumber, accepting a pure fiat money in which the Fed can inflate at will.

Keep in mind that what you hold are notes not money. The Fed is basically a conterfeitor run amok. Printing money as fast as the Federal government can waste it.

The day of reckoning will come. It looks as if the Fed is going to place another "boom" on top of the deflating prior "boom". We may even get out of this current recession for a few years. Eventually, we will be back in a recession again, only worse. Then the Fed will print gobs of more money to put another "boom" on top of that prior "boom", and on and on and on.

We actually have a Fed chairman, Greenspan, who thinks this is rational monetary policy. (Let me clue you in, all monetary policy is nothing more than adding more money into the economy). But you need to ask yourself, "Is it possible to conduct a monetary policy such as this long term?"

Years ago, when bank executives were actual bankers and not bank robbers themselves, when people suspected that a bank was a fractional reserve bank, they conducted a bank run to get to their gold before the reserves ran out. Today we have a legalized fractional reserve banking system that can print money at will through the Fed.

It is going to break down in our lifetimes.

The example I gave was to show how we have fallen behind in real wages in terms of gold, the proven stable money.

Earth to Randolf the gold nosed reigndeer (sic).

The 95% of americans are in debt.

Meaning that even if they wanted to hold gold and assuming there was enough to go around (which there is not), the fact is that if your -$180,000 and you horde +20,000 of gold your still -$160,000 in the hole so your not saving anything in reality.

It doesnt matter if your trading wompam as long as your not in debt to begin with.

Debt is the white mans problem, not what he uses as a medium of exchange.

Earth to Randolf the gold nosed reigndeer (sic).

The 95% of americans are in debt.

Meaning that even if they wanted to hold gold and assuming there was enough to go around (which there is not), the fact is that if your -$180,000 and you horde +20,000 of gold your still -$160,000 in the hole so your not saving anything in reality.

It doesnt matter if your trading wompam as long as your not in debt to begin with.

Debt is the white mans problem, not what he uses as a medium of exchange.


Your post involves two seperate issues.

Debt and the Supply of Money.

Debt:

I remember as far back as 15 years ago, my grandfather who at that time regularly visited Congress on behalf of a powerful business lobby, warned everyone who would listen, "stay away from home equity loans!" He knew back then that this would be the method used by the jewish dominated banking system to conterfeit more money and not have to deal with the problem of inflation.

Nearly all "new money" have been used to inflate home prices, but seem to have kept other prices from going up. I realize that I have some more studying to do to understand all the effects of the Fed's conterfeiting. However, I do see how the white man is being led to ruin through mortgages.


Supply of Money:

Here my understanding is far better. I recommend that you read this section from a book that answers the question on what is the proper supply of money.

http://www.mises.org/money/2s8.asp

One final comment. The National Alliance seems to know all about how the jew control the media or some other industry, but there is a severe lack of knowledge on how they have been controlling the money and banking industry. That is where the real action is going on.