Originally Posted by
Wallythacker
I think we all know there's something seriously amiss in the financial world. The biggest driver of prices is, wait for it, wages. We're all aware most things have nearly doubled pricewise in the last 5 years alone. It takes 7 years @7% to double your money but what institution has offered anyone that kind of rate in the last 20 years, much less the last 5?
In what common sector has the wage doubled in the last 7 years, never mind the last 5? Nothing I can think of. When the average cost of a new car in America is, what, $48K and the median wage in America is what, $56K you don't need a Nobel Prize in Economics to see something is very wrong.
The financial system used to reset about every 7 years or so. It hasn't been allowed to reset for close to 20.