[Simeon_Strangelight]

(06-19-2018 08:32 PM)rudebwoy Wrote:  

(06-19-2018 06:04 AM)Simeon_Strangelight Wrote:  

(06-18-2018 09:33 PM)rudebwoy Wrote:  

America doesn't have poor areas? lol

How can you move to a country with no work experience and no education, thinking your going to get a good job. This isn't 1950, this is 2018.

With a good education and the right skills, you can move up a lot quicker in America.

In the 1960s a steelworker with no education and not much skill was able to make more than a middle management Starbucks manager, was able to pay off a house in 7 years, support a wife, 2 kids and 2 cars on the income he made in his steel mill.

That American dream was being eliminated in the 1970s.

The American dream ended long before that, when the country was sold out.

Your talking about an era half a century ago, not very realistic is it.

And why should it not be realistic? Norway and Switzerland still has those options. In both of those countries hard work is enough to get a very very comfortable standard of living. I know waitresses in Norway making 60.000-80.000$ and I have met immigrant store employees in Switzerland who are happy as a clam working in retail, since the income is generous enough to feed their family. And don't get me started on industrial workers - all of those are solid middle class in both countries.

It is realistic, but it is sold out - I'll give you that - the Fed is part of the monetary policy and matrix, but the reasons for the decline came later:



The Fed was just the cherry on the fractional reserve pie - and even with that privately owned or controlled central bank you can do a lot - Norway, Swizerland and Japan also have central banks ruled by the same bunch. But they fought valiantly against many other concepts of loosening the labor market. The US has willfully forgotten the poor factory towns and disputes like the Battle of Blair Mountain:
https://www.history.com/news/americas-la...r-mountain

The old generation still remembered partly how the robber barons had workers shot down or eliminated small competition. Those lessons were later just forgotten as Americans were indoctrinated to consider themselves as not poor or working class - just as inconvenienced millionaires. And while this is a good mentality to have individually and long-term, it is not realistic for the entirety of the population. And I am not against free market - I just know it's weaknesses and the necessity to have the other side represented and a sheriff policing it all - or you get excesses on both sides.

And don't take me wrong - I berated my friend for being so naive and blue-eyed about the US. I knew the realities and how things have changed - it was more a shock to him.