Henry Ford was paying his assembly line workers .242 ounces of gold per day in 1914 with no unions. In today's dollars (with gold at $1200 per ounce) that is $290 per day (probably for a 10 hour day with no benefits) so that is equal to $29 per hour. No federal income tax, state income tax, or social security tax, medicare tax, unemployment insurance tax, or union dues were deducted from their paychecks.
No wonder Highland Park and surrounding Detroit was so prosperous in 1914. Workers came from all over the world to take Mr. Ford up on his $5/day offer. In 1914, gold was fixed at $20.67 per ounce.
As we noted from 1964 that five silver coins a few weeks ago had a melt valur of $15.35
I do still note Americans are still under the voodoo economics model and cannnot fathon
what actually is coming?
When a bag of potatoes hits seven bucks a bag we can see what level of discussion ensues.
Somehow it will be are fault and doubtfull if the news cycle even exists of events.
Water, wheat, weather of the log three facts in a log two World can be difficult indeed.
http://en.wikipedia.org/wiki/Walter_Reu ... and_legacy
thread chicken tax and net working capital asset base stripping
French sociologist Émile Durkheim in his influential book Suicide (1897).
Durkheim never uses the term normlessness; rather, he describes anomie as "derangement", and "an insatiable will".
For Durkheim, anomie arises more generally from a mismatch between personal or group standards and wider social standards, or from the lack
of a social ethic, which produces moral deregulation and an absence of legitimate aspirations. This is a nurtured condition.