WTF 1971 (1 Viewer)

[louBdub]

Pick a chart, and discuss:

WTF Happened in 1971

 

[louBdub]

This is the one I fear the most….

Forecasts WW3? To reset the debt clock? With BRICS being developed and global handshakes happening, it might get funky.

 

[MrBoosh]

That's alot of charts all saying the same thing!

 

[DZPoker]

I wasn’t born til ‘79 so it wasn’t me!

 

[ekricket]

In 1971 Nixon removed the USA completely from the gold standard. No longer is our currency tied to anything concrete, it becomes an abstract floating currency.
Sky is the limit for printing money, and other factors start determining its “worth”.
This bleeds around the world and has a name.

https://en.m.wikipedia.org/wiki/Nix...tary Connally,exchange their dollars for gold.

Couple this with the Economic Stability Act of 1970 (which surprise!! Did not do so well.) and the worlds economies - they depended a lot more in the US then than now - all suffered and continue to suffer to this day.

https://en.m.wikipedia.org/wiki/Economic_Stabilization_Act_of_1970


All this is governments artificially manipulating markets to “protect” their citizens.

 

[louBdub]

World Economic Forum.

 

[springbox]

I'm trying to be part of the 7%

 

[FDLmold]

I see a lot of counter-arguments to the argument "let's make government bigger and give it more power because that will solve more problems".

 

[FDLmold]

I'm trying to be part of the 7%

View attachment 1189731

Being a "kept man" for a high-earning MILF is a noble life goal.

 

[Samuel]

I wasn’t born til ‘79 so it wasn’t me!

My brother was born in 71 and he's been known to be pretty big jackass at times, so...

 

[WedgeRock]

 

[chippitydoodah]

View attachment 1189800

Too bad this chart doesn't go to 1776