Bill’s Commentary:
“The Dollar is losing reserve currency status. Have you thought thru thoroughly what this will mean to your monthly budget? Hint; your Starbucks coffee might soon cost you s “C note” in dollars but a mere silver dime in real money!”
IMF Prepares Financial Revolution – Say GOODBYE to the Dollar
Global reserve currency status allows for amazing latitude in terms of monetary policy.
The Treasury Department understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The petrodollar monopoly made the U.S. dollar essential for trading oil globally for decades.
This means that the central bank of the U.S. has been able to create fiat currency from thin air to a far higher degree than any other central bank on the planet while avoiding the immediate effects of hyperinflation.
Bill’s Commentary:
“Rocket scientists driving the bus!”
Labor group demands California’s $20 minimum wage for fast food workers extend to all sectors | Fox Business
A fair wage advocacy group is demanding that California’s new $20 minimum wage law for fast food workers be extended to all sectors to help working-class people who are struggling with the state’s high cost of living.
FOX Business spoke with Saru Jayaraman, president of One Fair Wage to discuss what she described as the skyrocketing levels of home insecurity and food insecurity post-pandemic.
Fast food workers winning a $20 minimum wage, she said, “was just the beginning.”
Jayaraman pointed to the exorbitantly high cost of living in the Golden State where, in some counties, an individual would need a $40 an hour salary to live comfortably.
BillHolter.com 