How Long Will South Korean Labor be Punished By The U.S Dollar? How Joe Biden’s Botched Afghanistan Withdrawal Might Threaten The Value of The U.S dollar – August 30, 2021,
There used to be a period in history in which the U.S dollar was backed by Gold, why this was important is that in the backs of people’s minds outside of the U.S, if the U.S economy failed, those people holding onto to U.S dollars at the very least could trade their paper U.S dollars into Gold.
Then Richard Nixon TEMPORARILY severed the ties between the U.S dollar and gold making the U.S dollar a confidence-based dollar. One of the reasons people HAD confidence in the U.S dollar was because of America’s ability to RAPIDLY produce things IN AMERICA, well that’s gone now, but… what still remains in people’s minds is the STRENGTH and perceived power of the U.S military, but with Joe Biden, that’s under threat.
If let’s for a moment imagine that the Chinese Communist Party which has ties to North Korea seizes Taiwan and The United States does nothing, why should South Korean labor be valued in U.S dollars? What’s that you say, South Korean Won is independent of the U.S dollar?
Ok fine, well explain to me why One U.S dollar can buy you almost 12,000 South Korean Won? Why is the South Korean government punishing hard work? If you guessed for U.S military presence, you might be correct! This U.S dollar standard accepted all over the world is in many ways because of the strength of the U.S military.
When you understand that the South Korean government is debasing its currency, you understand why South Korean labor is underappreciated. Now, unfortunately, in my opinion, South Koreans are doing things all wrong, the Labor Union can’t help South Koreans, with this matter, because higher pay could be destroyed if the South Korean government decides to debase the South Korean Won “for the greater good” of Koreans.
Under a Gold Standard, South Korean labor would be reward with a wage, meaning that South Korean labor would get paid the same wage every developed nation gets paid. The reason South Korean labor is underappreciated is because of the South Korean Won.
Now of course the Australian Broadcasting Corporation doesn’t want people to know this because the Australian Broadcasting Corporation is a beneficiary of these financial scams, which reward government entities at the expense of the working classes of society.
The same hard work that South Koreans are doing in South Korea almost mirrors the same hard work in North America or Australia, why they’re underpaid is because of these FIAT dollars we call money. You can’t manipulate wages that are backed by Gold.
But you see under a Gold Standard unions are useless, because governments can’t print Gold nor can governments under a Gold Standard manipulate the price of Gold for a prolonged period of time.
If people start exchanging their currency for Gold government incompetence gets exposed, all the lies told by labor unions that alchemy works gets exposed. But, you see Gold and capitalism work well together, because INNOVATION leads to a higher standard of living and a higher standard of living with a smaller government and a Gold equates to South Koreans being able to WORK LESS.
If the government can’t debase your currency, the cost of goods and services may actually come down in price instead of going up in price. Price inflation is caused by the government having the ability to manipulate the value of the South Korean Won!
Interesting times ahead!
