Current Events > What the fuck happened in 1971?

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Questionmarktarius
09/28/23 9:32:21 PM
#1:


https://wtfhappenedin1971.com/
I don't remember which CEman turned me on to this, but it explains everything.
https://www.federalreservehistory.org/essays/gold-convertibility-ends

If you were that CEman, let us know
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Intro2Logic
09/28/23 9:34:18 PM
#2:


The turning point in a lot of those charts appears to be 1980 (Reagan's election), not 1971

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Have you tried thinking rationally?
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#3
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Questionmarktarius
09/28/23 9:37:47 PM
#4:


Intro2Logic posted...
The turning point in a lot of those charts appears to be 1980 (Reagan's election), not 1971
There's been two major Democratic presidents since, and a really old guy. If Democrats could somehow undo Reagan, they already would have.

If anything. Reagan undid Nixon.
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Justin2Krelian
09/28/23 9:40:13 PM
#5:


Intro2Logic posted...
The turning point in a lot of those charts appears to be 1980 (Reagan's election), not 1971

Eh, there was a turning point in the early 70s too. Mostly the increase of inflation. I think Robert Reich called the late 40s to the early 70s "The Great Prosperity."

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-J2K
Currently Streaming: Homeland, Travelers, Dark, Ahsoka, Jack Ryan, ST: Lower Dekcs
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Intro2Logic
09/28/23 9:41:24 PM
#6:


The Democratic presidents post-Reagan haven't tried to undo his work; they've followed in his wake. Much like Republican presidents did post FDR.

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Have you tried thinking rationally?
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Agonized_rufous
09/28/23 9:41:27 PM
#7:


Government did something because government ruins everything eventually before a government fixes it to the ruin it

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"All I have is my balls and my word, and I don't break them for anyone!"-Tony Montana
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vycebrand2
09/28/23 9:44:08 PM
#8:


Job security

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I was born when she kissed me. I died when she left me. I lived a few weeks while she loved me-
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SiO4
09/28/23 9:52:55 PM
#9:


tag

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"Whatever the reason you're on Mars, I'm glad you're there, and I wish I was with you." ~Carl Sagan.
Currently playing: Flight Simulator X.~PC
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Questionmarktarius
09/28/23 9:55:44 PM
#10:


Intro2Logic posted...
The Democratic presidents post-Reagan haven't tried to undo his work; they've followed in his wake. Much like Republican presidents did post FDR.
Damn.
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wanderingshade
09/28/23 9:57:08 PM
#11:


They can't do the bullshit ideology of Reagan, or the John Birch Society and the Moral Majority.

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"You're made of spare parts, aren't ya, bud?"
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streamofthesky
09/28/23 10:01:57 PM
#12:


Combination of going off the gold standard and Reaganomics, and no one since then doing shit to reverse either, if not pouring gasoline on it
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