In 1971, Nixon announced the decoupling of the world reserve currency, the US dollar, from the gold-standard. A unit of account tethering our economy to reality. www.wtfhappenedin1971.com - ThreadSky

silverlining.bsky.social • 74 days ago

In 1971, Nixon announced the decoupling of the world reserve currency, the US dollar, from the gold-standard. A unit of account tethering our economy to reality.

https://www.wtfhappenedin1971.com

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silverlining.bsky.social•74 days ago

silverlining.bsky.social•74 days ago

andyghk.leftis.best•74 days ago

Like, again, so what?? Lmao what’s your point—that going off the gold standard… eradicated the mental hospital industry? So effectively that it started cratering prior to 1971?

andyghk.leftis.best•74 days ago

Yeah—I agree, we should decommodify housing

andyghk.leftis.best•74 days ago

“Obesity is because we left the freaking gold standard” hahahahaha

andyghk.leftis.best•74 days ago

That arrow is a few years early from where it actually splits lol

andyghk.leftis.best•74 days ago

Lmao so, what—you wanna return to the gold standard? What is your point here?

silverlining.bsky.social•74 days ago

The charts and evidence that the production and health of the United States in indeed, *not* increasing.

You wanted evidence, here it is. My personal solution to this problem has been working well for me, I'll just leave you in la-la land in hopes you find the ability to think critically.

andyghk.leftis.best•74 days ago

Like most of the data you just shared is literally not associated with money policy at all, or with 1971 at all.

silverlining.bsky.social•74 days ago

You seem to keep changing the goal-post. You're not arguing in good faith at all, and it's very clear you live in a bubble, unaware of what people deal with outside of your comfort and luxury.

There's no point in interacting further with you.

andyghk.leftis.best•74 days ago

No, lol, that’s the same goal post as before? That the national debt matters materially?

andyghk.leftis.best•74 days ago

No, hold on—you just threw a ton of unrelated charts at me with no context whatsoever, alleging they all are related to one thing.

silverlining.bsky.social•74 days ago

You're soooo dense, and I'm tired. I got shit to do, have fun living in la-la land.

andyghk.leftis.best•74 days ago

Lmao, okay, cool gish gallop then loser. Enjoy being forever wrong and too afraid to face that I guess.

andyghk.leftis.best•74 days ago

And now, our economy is tethered to 1). the production of the United States, and all the multinational corps hq’d here, 2). The standard use of the US dollar as a reserve currency internationally, 3). Trust in these institutions on a global scale, and 4). Ongoing market forces of supply and demand.

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