/biz/ - Business & Finance

[Anonymous No.24379388]

Damn... boomers had it easy....

[Anonymous No.24379426]

>>24379388
that's because everyone gave everyone a firm handshake in those days

[Anonymous No.24379438]

post the same thing for 2020

[Anonymous No.24379444]

>>24379438
I dont have one

[Anonymous No.24379467]

>>24379438
>goyim ID

you can't make this sit up

[Anonymous No.24379504]

>>24379467
YOu need glasses fren, jews on the brain is messing with you he almost got it.

[Anonymous No.24379505]

>>24379467
Audible Kek

[Anonymous No.24379625]

>>24379388
you can thank feminism and women empowerment for suddenly filling the job market with twice the manpower

[Anonymous No.24379635]

>>24379467
fugg thanks for highlighting this

[Anonymous No.24379723]

Millennials discovering inflation.

[Anonymous No.24379742]

>>24379625
this

>>24379388
1965 quarter = .20 oz / silver
1965 min wage = 1.35 / hr
convert that into oz and its basically 1 oz / hour
2020 silver = $23 oz
....imagine making $23 today as a teen working at mcdonalds.

[Anonymous No.24379760]

KIDS THESE DAYS ARE LAZY AND DONT WANT TO WORK, WHEN I WAS YOUNG I WAS WORKING HARD TO BE ABLE TO BUY A HOUSE!!!

[Anonymous No.24379905]

>>24379625
Every single time

[Anonymous No.24379952]

>>24379388
Everything except houses are pretty much the same if you adjust for inflation.

[Anonymous No.24379992]

>>24379952
convert that min wage into silver oz and run again....
you are only earning 35% of what you were....

[Anonymous No.24380028]

>>24379625
A necessary sacrifice, anon.

[Anonymous No.24380037]

>>24379388
>Damn... boomers had it easy....
Houses were small and cars didn't last long

[Anonymous No.24380084]

>>24380028
necessary for whom? Lmao

[Anonymous No.24380403]

>>24379992
The US stopped using silver currency in ‘64 except in clad Kennedy half dollars which weren’t meant for circulation.

[Anonymous No.24380444]

>>24380403
yes. but the effects of removing wasn't immediately felt.
i'm an oldfag, it was common to find silver quarters still in circulation up until late 70s

[Anonymous No.24380492]

>>24380444
in my country even in the 90's they minted silver coins for circulation with 6gr of silver content worth about 1 dollar at the time..They worth like 4-5 dollars now.

[Anonymous No.24380585]

>>24379388
How things used to be.........

>>>/wsg/3703063
>>>/wsg/3703064

[Anonymous No.24380661]

>>24380037
>Small houses
Okay
>cars didnt last long
They dont last long now either at similar price points.

[Anonymous No.24380699]

>>24380661
>not buying Toyota or Honda
ngmi

[Anonymous No.24380719]

>>24380492
yes, what most dont practically understand is that we were really more on a silver standard.
paper money was convertible into silver everywhere...

[Anonymous No.24380766]

>>24379625
>Twice the manpower
>Twice the total productivity
>Half the paycheck (adjusted for inflation)
???
It's the corporations that fuck you over, anons. Not women. Why do you think USA has so many billionares? The real man-hour value is much higher than they tell you.

[Anonymous No.24380832]

>>24380766
>muh corporations
>meanwhile niggerlovin gov swaps out money supply to pure fiat
how new are you?

[Anonymous No.24380841]

>>24380766
why do you think you see literally every single corporation pushing for "gender equality" and "diversity"? Can you imagine how much you'd be making if there weren't quotas and legislation to force women into the workplace?
also twice the manpower =/= twice the productivity. It just means that you'll have more people to compete with as a worker, knowing that merit won't get you that far if you're white and have a dick since every single company you can work for has KPIs of "diversity" and "gender equality" that are strictly enforced because otherwise the company will get bad goy points

[Anonymous No.24381020]

>>24380841
So you think the number of available jobs stays the same you idiot? You always had to compete. It is your fault if you get beaten by a woman or a nigger.

[Anonymous No.24381058]

>>24380841

[Anonymous No.24381113]

>>24381058
holy fuck....what happen in 1971?!?!?!?!?!

can someone tell me? I'm completely confused?!?!

[Anonymous No.24381157]

>>24381020
>It is your fault if you get beaten by a woman or a nigger.
this is how I know you're jewish. When a company has a written policy of having 50% of positions of leadership attributed to women, the staff is around 25% woman, and no man in a leadership position quits, what happens then? I guess it is my fault, I should do what you did and cut my dick off.

>>24381058
also this literally proves my point

[Anonymous No.24381188]

>>24381113
a lot of shit happened in and around '71:
>womens in the workforce
>immigration act
>mechanization
>end of gold standard

[Anonymous No.24381203]

>>24381113

[Anonymous No.24381236]

>>24381188
"women in the workforce" was because of the end of gold standard.

everyone understood that single-earner households would come to end once dollar was devalued by removing gold...thus began push to "make women feel strong" for sitting in cubicle all day.

[Anonymous No.24381581]

>>24379388
multiple everything by 5

[Anonymous No.24381810]

>>24381113
https://wtfhappenedin1971.com/

[Anonymous No.24382102]

>>24381581
Brand new house is still less than half the average house around here

[Anonymous No.24382153]

>>24381058

Jews. And I'm not memeing, I mean it.

[Anonymous No.24382205]

>>24379438
>GOYIM
kek

[Anonymous No.24382220]

>>24382102

Payments used to be much higher for that house due to the interest rates, but it was obviously easier to save up and buy it outright back then. We basically made a deal with the devil in housing: lower interest and cheaper payments, which in turn started pumping home prices up. The same can be said for college, people wanted loans and funding to be easier to get and at lower interest rates, subsidized and backed by the government, and colleges took instant advantage of this, they could set any price for schooling and have it met by free candy lending.

[Anonymous No.24382263]

>>24380766
actually is the federal reserve and all the cheap money. This cheap money is available to EVERYONE except retail-sheep

[Anonymous No.24382307]

>>24382220
This deal wasn't "for housing" dude. The low rates are imposed on us because the government want's to spend irresponsibly. Its the government's fault for artificially suppressing interest rates so they can spend, spend, spend, and not worry about interest.

Imagine if the US had to pay interest on the debt @ 3-5%. We couldn't afford it.

[Anonymous No.24382360]

>>24379388
yeah boomers (people born around 1946) lived the best life:
>young during the 60s
>had tons of cash during the 80s
>missed this awful technocratic society
>>24379438
>that ID
oy vey

[Anonymous No.24382374]

>>24382307
moreover the "high interest rates" was a 2-way street. Prior to 1980 NO ONE invested in the stock market....you were able to earn 5-6% on your money with a savings account....higher if you locked it up in a CD

these interest rates, combined with low-inflation thanks to silver/gold standard meant that no one needed to turn over their monthly paycheck to Mr Goldsteins Wall Street Casino & Resort

[Anonymous No.24382460]

>>24382374
Fuck, what is even the point of CDs anymore?

[Anonymous No.24382478]

>>24379438
New House: $248,000 (>10x cost)
Average Income: $63,179 (>6x earned)
New Car: $25,000 (>7x cost)
Minimum Wage: $7.25/hour (>3x earned)
Movie Ticket: (potentially unobtainable) $9 (>5x cost)
Gasoline: $3 / gallon (>8x cost)
Postage Stamp: 55 cents (>9x cost)
Sugar: $2.71 / 5lbs (7x cost)
Milk: $3.29 / gallon (>5x cost)
Coffee: $3.14 / pound (>1.5x cost) what a deal
Eggs: $2.50 / dozen (>4x cost)
Bread: $1.50 (6x cost)

[Anonymous No.24382524]

>>24382460
nothing. last time i saw one at my local bank was offering 0.7%. its absolutely insane to posit that money+time = no value.

[Anonymous No.24382584]

>>24382460

Goldman sachs offered "no penalty CDs" where the interest was locked in and you could take the money out at any time. When I saw interest rates were going to plummet I got some of those.

However even those were only like 2.5% at the highest. You're better off putting most of your emergency fund in dividend stocks IMO. If you can get like 60 bucks a month in dividends then that might be enough to help you out in rough times, and they're generally nonvolatile if you really need to sell for some big emergency cash. If the market crashes hard then they'll still be making dividends while you wait for it to recover

[Anonymous No.24382641]

>>24382478
>Average Income: $63,179 (>6x earned)
Fuck, I can only believe this statistic if a professional economist were to tell me that it's because there is a greater wealth disparity than boomer times and the upper end of the bell curve is composed of fewer and richer data points. Almost everyone I know is some stupid millenial working for minimum wage or gets lucky and gets 14-18 dollars an hour for retail work. Then I don't know if that factors in the current 7.6% unemployment rate.

[Anonymous No.24382659]

>>24379388
this is why they all vote against their children.

They got the American Dream at a fucken discount and now are talking about I worked hard for what I got you should too.

America LOVES struggle and pain porn.

[Anonymous No.24382677]

>>24380037
Nah man, still plenty of 60s and 70s cars on the road today, and these days they're pushing for houses half the size of what they built back then

[Anonymous No.24382695]

>>24382641
Could be household, not average person

[Anonymous No.24382712]

>>24379388
>What is inflation

[Anonymous No.24382718]

>>24382641
>Almost everyone I know is some stupid millenial working for minimum wage or gets lucky and gets 14-18 dollars an hour for retail work
I really really really really don't want to work these kinds of jobs ever again. But even with training I think it might still happen.

[Anonymous No.24382740]

>>24382460
You should keep your savings in physical gold or silver.

[Anonymous No.24382761]

>>24382641
I believe that is household average income as well

[Anonymous No.24382774]

How are you doing /biz/?

[Anonymous No.24382822]

>>24382774
26
$15k~ including my car
Wasted a lot of time and money on fruitless ventures, and I live with my folks

[Anonymous No.24382828]

>>24379388
THE REAL NIGGER IS EASY CREDIT
We’ve had income creep because EVERYONE who expects you to buy anything more than a disposable food immediately assumes that you’ll just finance it. They jack up the price since it’ll take a while for them to get their total value out of it. You’re lying a future value in present value dollars if you try to buy it outright!

FUCK CONSUMER CREDIT

[Anonymous No.24382847]

>>24382828
Disposable good*
Buying a future value*

[Anonymous No.24382853]

>>24382761
>>24382695

Okay. I make like 61K by myself and I'm not rich by any means, but at this point I'm practically looked down on by almost everyone my age for being mr. money bags at 28 dollars an hour.

[Anonymous No.24382857]

>>24381236
>"women in the workforce" was because of the end of gold standard.
You're completely clueless anon. Read some books about communism and feminism or Germany and Russia in the 1920's.

[Anonymous No.24382868]

>>24382853
Whatever you say mr.moneybags

[Anonymous No.24382887]

>>24382774
not good, but i blow all my money traveling and fucking sex workers

[Anonymous No.24382935]

>>24382828
Hey, I agree that financing anything other than a house/car is stupid, but at least that is 100% all on the fool who agrees to it. Shit like housing/education prices going out of control is the system working against the people, and people may not be fools so much as desperate. Even though higher education nowadays is a meme, it is still necessary for many jobs. You can always rent instead of buy houses, but nowadays rent is higher than mortgage, and any decent place could turn you away for not having good credit.

I feel a little bad for people that drown themselves in CC debt, but I also laugh at them for their own problems.

[Anonymous No.24382956]

>>24382887
I blew $5k traveling on my gap year. Completely worth it

[Anonymous No.24382959]

>>24382478
That is household income.

[Anonymous No.24382999]

>>24382935
>but at least that is 100% all on the fool who agrees to it
But it fucks over the people trying to pay for things outright because inflates the price

[Anonymous No.24383062]

>>24382935
Housing and education being expensive as fuck is a symptom of cheap credit.
Post-secondary also retardedly inflated with useless degree programs which jack up total costs while offering nothing of value.

As a side note; I’m doing at a finance degree at a non-target school, but I don’t want to do crazy-ass IB shit anyway. The good news is that it’s rated #2 nationally for primarily undergrad universities. Should I just kill myself?

[Anonymous No.24383073]

>>24382853
with a salary like that you should be off this board and hitting the links at the i try club mr moneybags leave us peons to scrabble for the crypto scraps

[Anonymous No.24383120]

>>24382774
26 and 400k
i am the 1% now.

[Anonymous No.24383144]

>>24379388
Do boomers still act super smug for being more successful then their grand children even though they had a massive advantage? You could easily support a family on a simple factory job back in those days. What went wrong now we are all poor. Is it equality with brown people and women bringing us down

[Anonymous No.24383185]

>>24382774
30 with 470k so comfortably 95%

[Anonymous No.24383231]

>>24379992
jayew id

[Anonymous No.24383380]

>>24379438
that id

[Anonymous No.24383596]

>>24382478
thats household income
average salary is about 40k dollarinos
with median salary 33k

[Anonymous No.24383722]

>>24379388
https://wtfhappenedin1971.com/

>>24379438
Witnessed

[Anonymous No.24383755]

>>24382478
>New House: $248,000 (>10x cost)

You wish

>Average Income: $63,179 (>6x earned)

Average income is lower around 40k and income tax brackets are lower.


DAILY REMINDER FUCK KEYNSIANS

[Anonymous No.24383835]

>>24382641
>Average Income: $63,179 (>6x earned)
not true.
search up median individual income. Only 33k.

[Anonymous No.24383844]

>>24379388
>minimum wage is 7x higher from then
>house is 7x higher from then

??? Stop complaining

[Anonymous No.24383864]

>>24379444
Well get one retard 4 tripper

[Anonymous No.24383879]

>>24382857
>outlines the forces of communism
>you are clueless anon, you need to read about communism
try to keep up jamal

[Anonymous No.24383899]

>>24381810
especially the graph of young people living with parents hits hard
what we are seeing in that domain today is just a return to historic standard
meanwhile the boomers really fucked over their kids by kicking them out at 18 to be exploited by the landlord jew
a family that supports its kids and helps them live and safe until they can buy their own house is an unbeatable advantage

was there ever a generation so susceptible to the propaganda of the monied classes as the boomer

[Anonymous No.24383989]

>>24382774
>tfw 95 percentile but still a dork loser

[Anonymous No.24384088]

>>24383755
I'm buying more BTC now

[Anonymous No.24384164]

>>24383844
Gotta look at how the cost of everything else has increased too, as well as new expenses due to tech that didnt exist back then.

[Anonymous No.24384310]

>>24383755
>>New House: $248,000 (>10x cost)
>You wish

he is actually correct there, the lies are in the graph
an average is only valuable as a metric if the shape of the graph approximates a normal distribution, even in the best cases assets like housing would have a far longer tail end on the more expansive side
but what has really happened is far worse, as part of clownworld 'rural' (used in the widest sense) usa has been destroyed due to forcing the disappearence of jobs and concentrating these in a few cities
this had the added effect of limiting the value of housing owned by plebs and skyrocketing the rental units owned by urban (((landlords)))
so the graph for housing is now bifurcated into at least 2 normal distributions with one dirt cheap in places where there are no jobs or future and one with prices unpayable for people living of a wage in places with jobs/a future
this gives the statistics bureau a convenient excuse to still report both median and average prices that are pretty low, even tho nobody can find a house at those prices

[Anonymous No.24384630]

>>24384310
The move to cities is also a way of hiding inflation ,city living has economies of scale thus allowed to hide inflation while this shit was happening.

>>24383755

And the jobs left the rural areas because they were outsourced to accelerate the velocity of money with globalism so people did not notice the inflation.

Everyone look at this chart and consider yours life experiences

https://fred.stlouisfed.org/series/M2V

Notice how good the 90s where
Notice how quality of life collapsed in the 2000s and recovered 2003-2008
Notice how after 2008 things went to shit.

Now compare it with your life experiences and i am 100% sure it will express the spirit you fell in that eras regarding the future.

After 2008 globalist organizations went full globohomo as a way to control people while their system collapsed.

Globohomo = Scortched earth cultural warfare to keep the fiat monetary system.

[Anonymous No.24384871]

>>24379388
Everything you need to know about boomers was eloquently stated by george carlin. Most entitled, selfish faggots to ever exist

[Anonymous No.24384897]

>>24382774
25 and I have $310,000 cash/stocks, $650,000 if you include home in which I live. So comfortably in the 1% I guess.

[Anonymous No.24384942]

>>24379992
i think precious metals hoarders are retarded but this is a BIG THINK for sure.

[Anonymous No.24384969]

>>24379952
>housing/rent
>healthcare
>student loans
>automobiles
yeah everything except for the four largest expenses in the average person's life, one of which is nondischargeable in bankruptcy and another which is signed against a 30 year debtslave pledge.

[Anonymous No.24384990]

>>24384942
Doesn't your chart show it's better to hold the S&P500 though, or am I misreading it? It looks like the stock market is going up relative to gold?

[Anonymous No.24385024]

>>24384630
>https://fred.stlouisfed.org/series/M2V
Funny how no one asked for universal basic income in the years before 2010.
Also funny how minimum wage was never a thing until 2000.
What is the correct answer to this bullshit? Do we keep buying Crypto?

[Anonymous No.24385086]

>>24383755
The original thread.

https://boards.4channel.org/biz/thread/24242308#top

[Anonymous No.24385095]

>>24385024
>Also funny how minimum wage was never a thing until 2000.

Minimum wage exist since 1938 in the usa , 1971 minimum wage updated for inflation is 19 usd today.
The thing is that people could survive before so they didn't care about minimum wage since everyone was earning above it.

>Funny how no one asked for universal basic income in the years before 2010.

Universal Basic Income = Neofeudalism

Since they destroyed everyone purchasing power now the state wants to decide who get's money and who does not.
Basically sorry pleb we destroyed you with inflation but now we are going to give you some money so capital keeps flowing up but just enough so you don't rebel.

>What is the correct answer to this bullshit? Do we keep buying Crypto?

Crypto & Land

[Anonymous No.24385141]

>>24382774
>over 300k NW
>top 10% for my bracket
Feelsgoodman.jpg

[Anonymous No.24385175]

>>24384990
https://www.macrotrends.net/2324/sp-500-historical-chart-data

"""inflation adjusted""" to fiat, S&P 500 did roughly a 19x over the past 70 years ($190 in 1950 to $3600 today.) relative to gold, S&P 500 did a 3.75x (16 grams of gold in 1950 to 60 grams of gold in 2020.) it's basically saying that fiat is a heavily inflated scam.

[Anonymous No.24385550]

>>24379388
look how expensive food was relative to everything else

[Anonymous No.24385553]

>>24383755
The bit in the pic about construction isn't really that bad. You can easily get $19 an hour working in construction if you have family running things and not paying you like you're an illegal immigrant.
It's still profitable at those levels because construction costs are paid for by the same low-interest, inflated loans that are driving up the cost of housing in the first place.

[Anonymous No.24385609]

>>24385550
yeah but you have to remember that was real food. not hormone-fed chicken breast pumped to its bursting point with saline water, or HFCS die cast cornmeal.

[Anonymous No.24385728]

>>24382307
the government wants to spend spend spend regardless of interest rate. It's actually the central banks who want to make it as painless as possible in the short term so the population doesn't notice and revolt.

[Anonymous No.24385750]

>>24385175
actually its saying that gold is rehypothecated so bad that its trading far below what it should.....

[Anonymous No.24385805]

>>24381113
>"In August 1971, Nixon severed the direct convertibility of U.S. dollars into gold"

[Anonymous No.24385819]

>>24384942
well from 1980-2000 equities were in a historic run
2000-2020 gold more than held it's own
look at GDP priced in gold, we are basically 2 decade great depression