105 Million Americans Out of Work: The Truth About $52 Minimum Wage | 07-23-26
Sam Bushman and Heath Perkins of Freewater Coin Company open with today's gold and silver prices, then dig into the shocking labor report showing 105.8 million Americans classified as outside the workforce, the lowest labor force participation since 2021. They connect this to a startling fact: 1964's $1.25 minimum wage in silver quarters equals about $52 an hour today, meaning young men today face a much harder economic reality than their grandparents did. The conversation turns to hopelessness, suicide rates, and why faith and spiritual grounding matter more than ever. They close by covering Congress approving nearly $95 billion for the Iran conflict and $1.15 trillion in defense spending, a new nuclear agreement with Saudi Arabia, expanded tech exports to the UAE, and fresh momentum for crypto legislation in the Senate, all signs, they argue, that everything is coming to a head. Timestamps: 0:00 Show intro 0:18 Welcoming Heath Perkins and today's gold and silver prices 2:18 Will there be an October surprise before the midterms? 3:38 105.8 million Americans outside the workforce 5:06 1964's $1.25 minimum wage equals $52 an hour in silver 6:13 How the government manipulates unemployment and inflation numbers 10:16 $625,000 homes and families priced out of Utah County 13:18 Hopelessness, suicide rates, and the need for spiritual hope 16:06 Congress approves $95B for Iran and $1.15T in defense spending 20:00 Secret Service warns of highest threat level, Saudi nuclear deal 22:50 How China leapfrogged US industry through patent access 23:22 Crypto legislation gains momentum in the Senate 24:29 Closing thoughts and how to reach Freewater Coin Company Call to action: Protect your savings with real, honest money. Visit freewatercoinco.com to hedge your bets and stabilize your portfolio with gold and silver today.
