Posts Tagged ‘ordinary’

“Free learners accomplish both the ordinary and the extraordinary. By unleashing the innate human drive to explore and discover, to build and synthesize—to learn—we ensure a future of both individual fulfillment and collective progress.” -Kerry McDonald

Ordinary Life

Posted: November 26, 2018 in Thought for the Day
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“Ordinary life doesn’t stand still just because we are off on a lark somewhere else. It goes on. We know what we gain from our travels, but we don’t know what we lose.” -Bill Bonner

“Americans feel squeezed because the cost of rent, medical insurance, and tuition – as well as other basic living expenses – is rising much faster than their wages. This creates very real problems for ordinary people.

By every measure – including stagnating wages and rising costs – things have been going downhill for the American middle class since the early 1970s. August 15, 1971, to be exact. This is the date President Nixon killed the last remnants of the gold standard. Since then, the dollar has been a pure fiat currency.

The rejection of sound money is the primary reason why inflation has eaten up wage growth since the early 1970s – and the primary reason why the cost of living has exploded.

Measured in gold, wages in the U.S. have fallen over 84% since 1971…. Priced in gold, the minimum wage has fallen 87% since 1968. Note that the federal minimum hourly wage was $1.60 in 1968. It’s $7.25 today, or 353% higher in dollar terms. But that $7.25 buys 87% less than $1.60 did back in 1968. That’s the story you won’t hear from the mainstream press.

Inflation follows a clear a pattern of corruption:  In a fiat currency system, the government will invariably print an ever-increasing amount of currency. This makes prices and the cost of living rise faster than wages. The average person feels the pain, but doesn’t understand what’s happening. More people support politicians who promise freebies. In order to pay for the ‘freebies,’ the government prints more money. This creates even more inflation, and the cycle repeats.”

-Nick Giambruno

You’re trying to break out of the ordinary.  So an ordinary effort won’t cut it.  You will need to sustain an extraordinary effort.  This is hard.  But it’s how you make money.” -Steve Sjuggerud

“For the ordinary business of life an ounce of habit is worth a pound of intellect.” -Thomas B. Reed