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WTF Happened In 1971? (wtfhappenedin1971.com)
submitted 6 months ago* (last edited 6 months ago) by jaxiiruff@lemmy.zip to c/aboringdystopia@lemmy.world

(kinda) A great website to share if you have no idea how to explain the downfall of the US economy.

Edit: Thanks to everyone who provided insight on this website. I've had this in my bookmarks for a very long time and was curious how it held up.

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[-] shortwavesurfer@monero.town 1 points 6 months ago

Nixon depagged the dollar from gold and ruined the United States for ever more.

[-] Blue_Morpho@lemmy.world 7 points 6 months ago

China is #1 and Russia is #3 in global gold production.

Could you imagine the US being able to support Taiwan and Ukraine if China and Russia had complete control of the US monetary supply?

this post was submitted on 28 Apr 2024
74 points (67.8% liked)

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