Minimum wage raise by BofA is foolish 210525
May 25, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 5/25/21
Bank of America is making a foolish mistake by promising to increase its minimum wage to $25 per hour!
Brian Moynihan and the rest of the Bank of America management team have been fooled by LBJ (See Planet Earth fooled by LBJ for 52 years)!
CNBC MAD MONEY
Bank of America ‘willing to pay what it takes’ to hire best talent, CEO says
PUBLISHED THU, MAY 20 2021
Moynihan’s comments came after Bank of America announced Tuesday that it would hike its minimum wage to $25 per hour by 2025.
It is obvious to me by this statement regarding raising the minimum wage, that the management team at Bank of America is unaware of the fact that the corrupt U.S. Government is running a Ponzi scheme, I call it USAPonzi, that is printing imaginary-counterfeit money which is dramatically and fraudulently increasing the global money supply!
The U.S. upper class is fraudulently getting filthy rich with imaginary-counterfeit money which is causing a dramatic wealth and income gap in America! The Bank of America management team thinks they can afford to raise the minimum wage to try to close this wealth and income gap because the U.S. Government is in the process of printing an infinite supply of imaginary-counterfeit money that now stands at $148.1 Trillion! However, when this Ponzi scheme implodes and this imaginary-counterfeit money evaporates, it will be obvious that the price of everything and the wages and income of everyone will be dramatically reduced!
The following chart gives a graphical projection of how the corrupt U.S. Government could increase the global supply of imaginary-counterfeit money from the current $148.1 Trillion to over a Quadrillion dollars (a thousand Trillion dollars) over the next three decades by fraudulently borrowing money from the future Americans and giving it to the U.S. upper class!
Bank of America should not be making a promise to change its minimum wage until it can assess the impact of the implosion of USAPonzi! I predict that the minimum wage will decrease significantly when USAPonzi implodes, and the imaginary-counterfeit money evaporates!
|US National Debt
|Cash Deficit in FY2021
|GAAP Deficit in FY2021
|US Unfunded Future Liabilities
|US Unfunded Liabilities (GAAP)
|US Total National Assets
Source: www.usdebtclock.org May 25, 2021
I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can also be downloaded from my www.usaponzi.net website.
John W. White