WTF happened in 1971?

Discussion in 'Gold' started by mmm....shiney!, Sep 24, 2020.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Screen Shot 2020-09-25 at 7.06.14 am.png


    https://cointelegraph.com/magazine/2020/09/24/wtf-happened-in-1971


    It's a pretty easy read outlining the correlation between what happened in 1971 and why we're here we are now, with a brief explanation how that relates to crypto, Austrian economics, libertarianism and gold.
     
  2. leo25

    leo25 Well-Known Member Silver Stacker

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    The 4x increase in lawyers would indicate corruption became rampant and a standard part of business. Deregulation gave the immoral people an advantage, as it creates a short term monetary incentive to do the wrong thing.

    [​IMG]
     
    Last edited: Sep 24, 2020
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  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Which suggests to me that deregulation must always be accompanied by measures that enhance property rights.

    What I think happened is that governments responded by simply complicating legislation.
     
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  4. leo25

    leo25 Well-Known Member Silver Stacker

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    I guess it was successful in the governments eyes. It created jobs that no one wanted and produced nothing. o_O
     
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  5. l***g

    l***g Active Member Silver Stacker

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    I’m sure it’s all the result of the changes to the beautiful game of test cricket
     

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  6. Pirocco

    Pirocco Well-Known Member

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    The latter is the reason for State / Government existence in the first place: getting other peoples production/services without having to do what they ask in place. An exchange of something with nothing. Even worser than nothing: they interfere/disrupt/destroy production and jobs, to then "catch" the troubled people in their web of busykeeping, as to make them dependent on them, and thus, losing their free minded voice / vote.

    There is one big progress mankind can make today, not travelling to Mars, but to finally get COMPLETELY rid of the CONCEPT of State / Government. It must be totally eliminated and morally banned ground-up as the utter evil.
    The crimes governments committed in 2020 using a virus epidemy as excuse come straight from George Orwells and Ayn Rands - fighted against fucked up societies due to totalitarism. 11 years ago, John Galt holding a globe, see coin depicted in avatar of 9 years ago.

    How do you fight State / Government: be smarter in avoiding their hidden theft (aka speculation), this will force them to open and thus clearly recognizable terrorism. It will make visible their real nature, their real motives. This will open eyes of masses, even those of their dependants, and raise mass resistance, against which any goverment is powerless. Atlas Shrugged and they ended up in dark rooms in dark houses in dark streets in dark cities in dark States.
    Which will be the moment they will be forced to return to helping in economy/society.
     
  7. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    The evolution of homo politicus. It will happen, but don’t hold your breath. In 5000 years kids, in whatever shape they take then will look back and smile at what appears to be our naivety to them.
     
  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    It will go on until it crashes because everyone supports it and finances it.
    They could tax the public 100 percent and all most would do is complain while they feed their children cardboard.
    It's not worth losing the big screen over.
     
  9. alor

    alor Well-Known Member Silver Stacker

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    easy, just split the earth into two and sent it to the sun
    it would end in just a few moments
    1971 was the year many Americans got robbed of their purchasing power
    $20 gold, turned into $35
    2020 will mark the end of gold repatriation
    2021 America would no longer be the gold custody of the world gold
     
  10. oziwassabi

    oziwassabi Well-Known Member Silver Stacker

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    Perhaps linked to the discussion, adoption then implementation of the end of the Bretton Woods agreement?
     

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