So, what is really wrong with this picture?? Huh?

What is the real minimum wage ?

Column: The money matrix

Posted on Tuesday, 12 May, 2009 | 5:20 | Comments: 34

Phillip Tilley: On July 24, 2009 the Federal Minimum wage is due to rise from $6.55 to $7.25 per hour. That does not sound like much and in fact it is not, but what should the real minimum wage be? To find out you need to first understand that this is the minimum wage as paid in Federal Reserve Note currency. The minimum wage in 1964 was $1.25 per hour. 1964 was the last year we used silver in our coinage and since according to the Coinage Act of 1792 the only real dollar is a one ounce silver dollar, that was the last year real dollars were used. With that in mind I will use 1964 as a comparison year for many things, but today we are concerned with the minimum wage, or at least you should be. At the time of this writing a one ounce silver coin can be purchased from my local coin shop for $14 in Federal Reserve Notes. For comparison one and a quarter ounces can be purchased for $17.50 in Federal Reserve Notes. That means that to be earning the same amount as the minimum wage was in 1964, you would have to be earning $17.50 per hour, or $36,360 per year in Federal Reserve Notes. If you earn less than $17.50 you really earn less than the real minimum wage. We sometimes laugh at people in foreign countries that work for 25 cents an hour, but if you earn the current Federal Minimum wage of $6.55, in equivalent 1964 dollars, that is 46 cents per hour. You are earning 37% as much, or actually the buying power of what you can purchase with $6.55 is 37% as much as someone could purchase with $1.25 in 1964. So if you can not figure out why you are unable to make ends meet, that is why. Inflation of Federal Reserve Notes out paced the minimum wage. Sure the minimum wage was raised in the past, but truly it never kept up with inflation. The Government could have made sure that it did, but that would have kept them from achieving their goal. That goal was to separate you from the wealth you should have been earning. It is easier to control a population that is barely keeping the wolf away from the door. If a real dollar is worth fourteen Federal Reserve Notes, that means a Federal Reserve Note dollar is worth only one fourteenth of a dollar, or seven cents. So if you earn $10 Federal Reserve Notes per hour, ten times seven cents equals seventy cents per hour. Still not even the $1.25 earned as a minimum in 1964. It costs seven cents to print a Federal Reserve Note, so they are barely worth the paper they are printed on. This is the reason you and your spouse both have to work and still can not make ends meet. The illusion that you earn more than you really do is one of the sinister mechanisms of the money matrix. On July 24, 2009 the Federal Minimum wage will rise to $7.25 per hour. Do you think anyone will notice? Wake up people, the money matrix has you. Phillip Tilley is author of The Money Matrix of the New World Order and other articles. Article Copyright© Phillip Tilley - reproduced without permission but I paid him minimum wage for it.